For 2025, families with three or more children can receive up to $8,046 through the credit. Single filers can claim the maximum amount with adjusted gross income up to $61,555, while married couples ...

Parents claiming the credit for a qualifying child must also file Schedule EIC, Earned Income Credit. If you use tax software, it's generally easy to opt-in for the EITC.

When it comes to supporting families through tax policy in America, two tax credits do the heavy lifting: the Earned Income ...

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 ...

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 ...