The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...

Most people who are eligible for tax credits claim them. Direct File—the IRS’s online tool for filing tax returns—could get ...

In 2025, Americans will file their taxes for 2024, and millions may be eligible to receive a child tax credit, which is available to parents and guardians of minors of a certain age. Enacted in ...

Donald Trump's signature 2017 tax cuts are set to expire in 2026, alongside the child tax credit benefits that were attached.

The IRS' child tax credit webpage lays out the parameters ... or a descendant of one of these (for example, a grandchild, niece or nephew)." Additionally, this child must not have provided more ...

The IRS expects more than 140 million returns for Tax Year 2024, with changes for third-party payment platforms and important ...

“What the child tax credit has the potential to do ... Child care alone, for example, costs families between $6,500 and $15,600 for just one child in full-time care in 2022, the most recent ...

The current tax credit, known as the Empire State Child Credit, is based on income ... child and a household income of up to $110,000, for example, would receive a credit of $1,500 per year ...

The future of the child tax credit and its value is now in the hands of the Republican majority in Congress, and a new expansion proposal is on the table. Thomas Kika Writer Thomas is a native of ...