CHARLOTTE, N.C. (WBTV) - As you file your taxes this year, you’ll want to consider claiming a credit that many eligible taxpayers do not take advantage of. It’s called the Earned Income Tax ...

like expanding the Earned Income Tax Credit or changing tax rates or changing deductions," James Hines Jr., a professor of law and economics and the research director of the Office of Tax Policy ...

The Senate unexpectedly passed the No Tax on Tips Act in a unanimous vote Tuesday, giving weight to the prospect of eliminating federal income tax on cash tips, which picked up political traction ...

U.S. families spend up to $15,600 a year on day care ... both the child tax credit and the child and dependent care credit in the same year. (Consider the earned income tax credit, too.) ...

But with just over one week left in the 2025 session, one popular tax-cutting ... The credit would be gradually phased out above those income levels. For every $1,000 earned above those thresholds ...

Soaring childcare costs are pushing parents to their breaking point, but luckily some states have adopted a version of the child tax credit to offset that pressure. Multiple studies indicate that ...

The free version covers Form 1040, the earned income tax credit, child tax credit ... the Compounding Returns of Fatherhood As Father's Day approaches, I remember how my father's small acts ...

In December, almost 30 Republican lawmakers sent a letter to President-elect Donald Trump, calling for him to end the Direct File program on his first day in office. Lawmakers in the U.S. House of ...

Disclosures: TurboTax Free Edition is for Simple Form 1040 returns only (no schedules except for Earned Income Tax Credit ... the 30% credit maximum clause. So, for example, if you spent $1,200 ...

It would create a new tax deduction up to $25,000 for tipped workers. For example, if a bartender earned $70,000 in a given year and $25,000 of that income ... business tax credit for the portion ...

Some people who earned a Purple Heart in the military – the decoration for service members who were wounded or killed in action – would qualify for a new income tax credit under the legislation.