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

Discover the evolving landscape of the Earned Income Tax Credit (EITC) in 2025. Learn who qualifies, the impact of new legislation, and how these changes affect low to moderate-income workers.

It’s called the Earned Income Tax Credit. According to the IRS, one in five eligible taxpayers in North Carolina do not claim this credit worth up to $7,830 dollars.

The bill, introduced Tuesday by Reps. Mike Carey, R-Ohio, and Danny Davis, D-Ill., would expand eligibility for the Earned Income Tax Credit to workers over the age of 65.

Right now, millions of workers earn too little to owe federal income tax, but still pay significant payroll taxes, and many of them don’t qualify for a meaningful earned income tax credit (EITC).

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 ...

HB337 would create an income tax credit for taxpayers with a dependent age 6 or less. It might be tough sledding for Willard’s bills without support from Republicans, as the GOP has big majorities in ...

Scott held a public signing ceremony of bill S.51, titled “An act relating to Vermont income tax exclusions and tax credits.” It exempts military retirement income up to $125,000 from state taxes. The ...

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 ...