The expanded EITC, on the other hand, offered up to $1,500 in annual tax relief to over 400,000 childless low-income workers in Virginia. SEE ALSO: 'Sad day for America:' Governor Youngkin reacts ...

The refundability of the earned income tax credit would increase from 15 to 20% of the federal credit. Legislation that would have codified the proposed car tax credit also died in a Senate committee.

The Internal Revenue Service (IRS) is celebrating 2025 as the 50th anniversary of the Earned Income Tax Credit (EITC), and ...

She said they've also added the refundable Virginia Earned Income Tax Credit. Walpole adds her main piece of advice is to make sure you file your tax returns and file them on time, to avoid penalties.

This time, though, Youngkin is also proposing to increase the earned-income tax credit to 25 percent of the federal allowance from 20 percent, a change that would benefit low-income working families.

Governor Glenn Youngkin announced his budget proposal to the General Assembly’s Joint Money Committee on Dec. 20. The proposed reforms include a 12% income tax reduction for all Virginia workers, ...

The proposal would have provided income tax rebates to nearly 1.9 million taxpayers, Virginia Mercury reported, targeting individuals earning up to $50,000 in adjusted gross income and joint ...