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, as regular income.

More: Low-income residents who work in other cities with earned income tax would still have to pay the tax for those cities and nonresidents who work in Lancaster city would still be subject to ...

Advocates say new reports will help make their case for a CT child tax credit by emphasizing hefty tax burdens and a high cost of living.

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and overtime pay, and addresses other tax priorities of the Trump administration.

These include additional requirements for taxpayers who claim the Earned Income Tax Credit to prove their child is eligible before parents could claim the credit; a new tax credit for contributions to ...

A Fort Collins dentist has been sentenced to federal prison for tax evasion after hiding more than $5 million from the IRS in an illegal tax shelter.

The EITC is essentially an anti-poverty program in the form of a refundable tax credit that AEI's Kevin Corinth points out provides low-income, working families with extra help.

It’s unclear how many children that change would still disqualify. The bill would also continue current policy, blocking the lowest-income families from qualifying for the full tax credit.

The way to achieve a decreased tax burden is by reducing your taxable income. The IRS offers various tax credits and deductions aimed at helping you do just that.

Earned Income Tax Credit The Senate proposal adds a new "certification program" to the Earned Income Tax Credit (EITC), which helps low-income workers, especially those with children.

Earned income tax credit: The Senate bill would create a new earned income tax credit (EITC) certification program for tax years after 2027 (with transition rules beginning in 2024) to allow the IRS ...

The IRS Refund Tracker is a useful instrument for taxpayers to query the status of their refunds, but there will be delays for several reasons. The most frequent reasons are errors in the tax return, ...