The IRS says the easiest and most efficient way to file and receive a refund is through electronic filing and direct deposit, ...

The Child Tax Credit (CTC) offers crucial financial relief to eligible families in the United States. Established in 1997, ...

For tax year 2024 (filing in 2025), the child tax credit is worth up to $2,000 for each qualifying dependent child who was ...

The Earned Income Tax Credit (EITC) is a federal tax incentive aimed at supporting low-to-moderate-income workers.

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the additional money. Fully refundable tax credits are just the opposite -- if your ...

You could be leaving hundreds if not thousands of dollars on the table if you don't take advantage of new Illinois tax ...

We test and rate the best online tax services to help you find the best one for filing quickly and accurately—and for getting ...

In addition to the federal child tax credit, here are 16 states offering a separate credit that residents can take advantage of if eligible. According to the National Conference of State ...

The Earned Income Tax Credit (EITC) offers a refundable tax credit to low-income working individuals and families. Eligibility depends on income, filing status, and qualifying children, with ...

That expanded tax credit helped cut child poverty in America nearly in half to a historic low of 5.2% in 2021. By 2023, child poverty rates jumped to 13.7%. Since then, several states have ...

A Senate committee passed a bill this week to expand a tax credit for employers who take on child care costs. Among other things, Senate Bill 463 would set limits on staff-to-child ratios and ...