Disclosures: TurboTax Free Edition is for Simple Form 1040 returns only (no schedules except for Earned Income Tax Credit, Child Tax Credit and Student Loan Interest). Roughly 37% of taxpayers ...

The Reconciliation Bill being debated in the Senate contains many tax provisions beyond extending portions of the Tax Cuts ...

U.S. President Donald Trump's signature tax break on tips promises relatively few upsides for low-income Americans, who face a net loss of income under his massive tax and spending bill in ...

The One Big Beautiful Bill extends tax cuts from Trump’s first term, implements new campaign proposals — including no taxes ...

The comprehensive tax bill, which passed the House and is being debated in the Senate, aims to increase the maximum value of the child tax credit to $2,500 per child, effective from 2025 through 2028.

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While the two bills are similar on the major tax provisions, how they work out their differences in the coming weeks will ...

The return has a claim filed for an earned income tax credit, additional child tax credit, or includes a Form 8379, Injured Spouse Allocation The time it takes a taxpayer's bank or credit union to ...

The tax plan Senate Republicans released Monday as part of the One Big Beautiful Bill Act differs in several key ways from the House version that advanced last month. The ...

House Republicans also want to change the earned income tax credit, or EITC, which is designed for low- to middle-income individuals and families, to require precertification to qualify.

House Republicans have proposed increasing the maximum child tax credit to $2,500 per child, up from $2,000, a change that would go into effect starting with tax year 2025 and expire after 2028.