The legislation, enacted on July 4, 2025, increases the maximum credit from $2,000 to $2,200 per child and indexes the amount ...

Discover the evolving landscape of the Earned Income Tax Credit (EITC) in 2025. Learn who qualifies, the impact of new legislation, and how these changes affect low to moderate-income workers.

For 2025, families with three or more children can receive up to $8,046 through the credit. Single filers can claim the maximum amount with adjusted gross income up to $61,555, while married couples ...

The bill could potentially impact up to 4 million tipped workers and roughly 97.7 million overtime-eligible employees.

The federal adoption tax credit for the 2025 tax year (taxes generally filed in 2026) is worth up to $17,280 (up from $16,810 ...

The IRS faces a challenging 2026 tax season due to significant staff reductions. Experts warn that these cuts could severely ...

Note: Now that the No Tax on Tips measure has been signed into law, the new tax deduction for cash tips takes effect for the ...

Trump’s ‘One Big Beautiful Bill’ could reshape the Earned Income Tax Credit by adding new eligibility requirements. While not eliminating the EITC, the changes may reduce access for low-income ...

The Internal Revenue Service (IRS) is in the process of issuing tax refunds to those who filed their returns last month ...

As Congress sends its latest tax proposal to President Donald J. Trump, both the House and Senate versions of the One Big ...

The GOP bill adds hurdles for EITC recipients, hitting low-income families hardest while preserving tax breaks for the rich.