Federal taxpayers who earn income not subject to withholding may need to make estimated tax payments during the year.

Modified adjusted gross income, or MAGI, might sound like just more tax jargon, but knowing how to calculate your MAGI is key to determining your eligibility for several valuable tax benefits ...

The Internal Revenue Service started accepting income-tax returns on Jan. 27, opening the spigots of refund money shortly thereafter. But taxpayers who claimed the Earned Income Tax Credit or the ...

The IRS has issued more than 29.6 million individual income tax refunds through Feb. 21, up 2.3% from a year ago. $3,500 iPhone possible? What to know 📋 How to talk money 🤑 💸 to your 📩 ...

To claim this credit, you must file a 1040 federal income tax return. Additionally, if you're claiming the credit for a qualifying child, you must include the Schedule EIC (Earned Income Credit ...

STATEN ISLAND, N.Y. — Taxpayers this year could qualify for nearly $8,000 under the Earned Income Tax Credit, according to the Internal Revenue Service (IRS). The credit, valued up to $7,830, is ...

The earned income tax credit, or EITC, is a tax break that can help low- to moderate-income working families save thousands at tax time. Whether you can claim, however, depends on your filing ...

The Earned Income Tax Credit (EITC) helps low- to moderate-income workers and families get a tax break. Those with qualifying children can receive up to $7,830 when claiming the EITC for tax year ...

The credit is often overlooked, the IRS said, with roughly one in five eligible taxpayers missing out on claiming the credit. As of December 2024, some 23 million workers and families had received ...

The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out on claiming the credit.