The domestic policy bill passed by the House raises the maximum child tax credit to $2,500. But about a third of children would not receive the full credit because their parents have low wages or ...

Wealthy heirs, owners of multimillion-dollar partnerships, and private equity investors would be among the big winners from the expanded tax breaks for wealthy households in the House Republican tax ...

Connecticut is the only state with a broad-based income tax but no provision that recognizes the cost of raising children. Many Democrats favored a $600-per-child credit, with a maximum benefit of ...

Democratic leaders are cautiously optimistic about one popular tax-cutting idea: A $150-per-child tax credit, up to $450 per household.

Without the enhanced tax credit, middle-income consumers, earning more than $60,240 annually for an individual in 2025, would pay the full cost of their monthly health insurance premium.

Louisiana HB 341 proposes reducing the state individual income tax from 3% to 2.75%. The bill also aims to eliminate the motion picture production tax credit program starting July 1, 2024.

The tax cuts in the House bill mostly flow to those who have the most. Roughly 68% of the tax cuts go to the richest 20% in the U.S. Some other notable changes would support private school voucher ...

A bipartisan duo reintroduced a popular measure this week that would expand the low-income housing tax credit with an eye toward including it in Republicans’ budget reconciliation package ...

Vermilion City Council recently passed an ordinance to re-establish a full 1% income tax credit for residents paying municipal taxes to other municipalities. In a 4-3 vote, Council passed the ...

The bill’s main provision, to replace the state’s Working Families Tax Credit with a new Earned Income Tax Credit, survived the conference committee and will, if the bill passes, increase the ...

Married couples filing a joint return can receive the full credit with income of not more than $400,000, or $200,000 for single parents. Partial credits are available for incomes above those ...

As part of a $1 billion tax package passed in 2023, families can now claim $440 for every child under 13, disabled adult, or senior that lives with you under the Child and Family Tax Credit.