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

Lawmakers will take the next several months to make adjustments to the budget before the governor gives his final approval ...

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

Tax rebates provide a quick reimbursement from the IRS, based on money you spend on qualifying purchases. There aren't ...

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

Taxpayers with eligible children in 2024 can claim the Child Tax Credit worth up to $2,000 per ... $2,500 from your “earned income”, for example, Social Security benefits and unemployment ...

Thousands of families with children in New York could get more money in their pockets thanks to a new proposal. Gov. Kathy Hochul proposed a expansion of New York's child tax credit that would ...

The IRS has made its annual inflation adjustments for more than 60 tax provisions, including tax rate schedules and the ...

Last tax season, for example, a single mother with three ... thanks to the earned income tax credit and the child tax credit, Perkins said. "That is absolutely life-changing for a mother right ...

The governor's office provided the following examples: For example, under Governor Hochul’s expanded child tax credit, a family of four with a toddler and school-age child, and a household ...

“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 ...