Many don't know they can claim valuable tax credit worth up to $7,830 for some families
The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...
1 in 5 taxpayers are missing out on thousands with this tax credit
The IRS estimates one in five eligible taxpayers don’t claim the earned income tax credit on their tax returns, missing out on thousands of dollars.
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Income tax rates for individuals
These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...
1 in 5 people are missing out on Earned Income Tax Credit worth $7,830; here’s what to know
If you are a low- or middle-income earner, you may be eligible for hundreds or even thousands of dollars in your 2024 tax ...
Thousands qualify for the Minnesota Working Family Credit
The Minnesota Department of Revenue is encouraging thousands of Minnesota families to take advantage of the Working Family Credit during this tax filing season. “The Working Family Credit is a ...
Early tax refunds arriving now, but IRS saw far fewer returns filed in first week
IRS processed 15.8% fewer income tax returns in the first week of the 2025 tax season than it did a year ago. Why? What does that mean for refunds?
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Be Sure to Claim All Your Tax Credits to Get the Largest Tax Refund Possible
How do federal tax credits work? Tax credits directly subtract money from the federal income taxes that you owe, meaning each ...
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If You Claim the Child Tax Credit, When Is the Earliest You Could Get Your Tax Refund?
The child tax credit provides big benefits for families with children, but you may have to wait a bit longer for your tax ...
Lower earners can see ‘five-figure refunds' from these tax credits, expert says. Here's who qualifies
The earned income tax credit and additional child tax credit are “refundable,” meaning filers can claim a refund without tax ...
What Happens If I Don't File My Taxes? Understanding the Consequences
Learn what happens if you don't file your taxes. Discover the consequences, penalties, and how to address unfiled tax returns ...
IRS warns: Don’t overlook these tax credits. You could get up to $7K more in your refund
About one in five eligible filers overlook this credit, the IRS said. Certain filers can receive up to $7,830 more back in ...
If You Claim The Earned Income Tax Credit, Your Refund Can't Come Until This Date
On this week's episode of the Forbes Tax Breaks Podcast, Forbes Senior Writer and tax attorney Kelly Phillips Erb discusses the removal of IRS documents related to DEI initiatives, the impact of the ...