Refundable tax credits were a big part of state tax policy conversations this year. In 2025, nine states improved or created ...

When it comes to supporting families through tax policy in America, two tax credits do the heavy lifting: the Earned Income ...

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 ...

Parents claiming the credit for a qualifying child must also file Schedule EIC, Earned Income Credit. If you use tax software, it's generally easy to opt-in for the EITC.

The "One Big Beautiful Bill Act" could make it harder to claim a low-income tax credit. If enacted as written, the House-approved measure would require precertification for each qualifying child ...

All in, the credit this year could reduce your tax bill -- or increase your refund -- by up to $4,000 for one dependent or $8,000 for two or more. Prior to 2021, the credit would only have done so ...

The bill also increases the Earned Income Tax Credit from 10% of the federal EITC to 20%. The Senate passed the bill without any amendments from the upper chamber on Friday to expedite its path to ...