The Big Beautiful Bill brings strategic advantages for business owners, parents, and retirees – but only if you know how to ...

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 ...

For the tax year 2024, the same portion of the earned income tax credit is available for filers with three or more qualifying children with an adjusted gross income up to $59,899 if single and ...

Contrary to popular belief, Social Security benefits aren't always tax-free. Depending on your total household income, up to ...

Taxpayers are also limited to how much investment income they can have in order to qualify for the earned income tax credit. In 2025, that threshold will go to $11,950, up from $11,600 in 2024.

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.

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 ...