The Canada Worker’s Benefit is a refundable credit aimed at lower-income workers. The credit is refundable, meaning that if ...

Those two provisions would extend until 2029. The bill would also raise the child tax credit from $2,000 to $2,500 through 2028.

The reductions would last only through 2028, as would a $1,000 addition to the standard deduction and a $500 bonus to the child tax credit, which now maxes out at $2,000.

However, the IRS usually taxes that money. If tips are part of your pay, the federal tax agency treats every dollar you receive, whether left on the table in cash or added to a credit card receipt ...

The exemption amount for people who pass away in 2025 is $13.99 million (up from $13.6 million last year). Married couples can expect their exemption to be $27.98 million (up from $27.22 million ...