To qualify for the EITC in 2024, you must meet specific criteria. First, you need to have an earned income under $66,819. Additionally, your investment income should be below $11,600.

The ‘big beautiful bill’ hiked the child tax credit to $2,200 in 2025, up from $2,000 in 2024. Here’s who qualifies for this valuable tax credit.

How the credit is phased out The more money you make, the smaller the tax credit you’ll receive. The 35 percent maximum rate phases out once a taxpayer earns more than $15,000 a year, until it ...

Illinois expanded its earned income tax credit in 2024, giving low- to moderate-income workers a bigger break on their 2023 state income tax filing. But many taxpayers who receive the federal EITC ...

The bill’s main provision, to replace the state’s Working Families Tax Credit with a new Earned Income Tax Credit, survived the conference committee and will, if the bill passes, increase the ...

You can do it for the last few years, because this year you can backfile your 2021 earned income tax credit. “Help people pay their back bills,” Mayor Tom DeVivo, (D) Windham, said.

The Internal Revenue Service started accepting income-tax returns on Jan. 27, opening the spigots of refund money shortly thereafter. But taxpayers who claimed the Earned Income Tax Credit or the ...

Rep. Matthew Willard, D-Orleans, has filed a bill proposing to double the state’s Earned Income Tax Credit for low- and moderate-income families. Currently, Louisiana taxpayers receive a state EITC ...

Should the Earned Income Tax Credit Bill pass, it would increase refundable credits and expand who is eligible for tax breaks, specifically for New Mexicans making minimum wage up to $25 per hour.

Illinois expanded tax credits for some workers and families but the money isn’t being claimed, experts say The child tax credit and an expanded earned income tax credit is expected to put more ...