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 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 ...

The Earned Income Tax Credit currently provides a maximum of $7,830 a year for qualifying families with three children. Families receive no money from the program if they have no earnings.

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 ...

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 ...

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 ...

HELENA, Mont. — An income tax cut proposal from Montana’s Speaker of the House has cleared its first-floor vote. House Bill 337, which has State Rep. Brandon Ler (R-Savage), the Speaker of the ...

Trump's ‘big beautiful' spending bill could make it harder to claim this low-income tax credit By Kate Dore, CFP®, EA, CNBC • Published June 10, 2025 • Updated on June 10, 2025 at 10:36 am ...