It's probably too late to benefit from the credit this tax season. However, you can begin to plan for next year by making sure you understand the following things about the earned income tax ...

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.

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 ...

Learn More: How To Turn Your Tax Refund Into an Extra $1K This Year As you begin a family, you might qualify for additional deductions and credits, such as the earned income tax credit for ...

But when that legislation, H.483, arrived on the House floor in March, it was quickly redirected back to committee. After a new tax credit package materialized, the bill drew broad support.

To qualify for the tax deduction, employees must have earned less than $160,000 for the 2024-2025 tax year. Should the bill become law, this income qualification will be adjusted for inflation.

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 ...

This tax break would apply to those who "traditionally and customarily received tips on or before December 31, 2023," per the bill, which includes "waiters, bartenders and delivery drivers" as ...

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 ...