What is the Earned Income Tax Credit? The earned income tax credit (EITC) is a federal tax break for low- and moderate-income workers with or without children. Also known as the earned income ...

Every year in January, the IRS dedicates a day to Earned Income Tax Credit (EITC) awareness. This tax credit, also known as the earned income credit (EIC) allows eligible people with low-to ...

This move has been portrayed as a cost-cutting measure, but the freeze, which notably applies more harshly to the IRS, could have significant implications beyond budget management. That is ...

Your student loan was forgiven last year — hurray! But wait. Do you owe taxes? As we head into the 2025 tax filing season, some borrowers may wonder whether their federal student loan ...

As we enter 2025, taxpayers nationwide are bracing for significant tax reforms. You've probably heard about changes that will come at the federal level as a new administration enters the White ...

Some news in the EV market: Hyundai Motor Group, which includes the Kia and Genesis brands, has models that now qualify for the $7,500 federal electric vehicle tax credit. In recent years ...

As tax season approaches, the IRS is reminding CPAs and other tax professionals to verify that their Preparer Tax Identification Number (PTIN) is current and valid. This unique identifier ...

Walmart’s latest brand and logo update has left some social media users baffled. On Jan. 13, the company announced in a press release on its website that it was launching a “comprehensive ...

The song’s album cover even included the IRS logo, a move that now seems both audacious and self-incriminating. Prosecutors claim his music video, dripping in designer brands, was a not-so ...

You may have heard of a free tax return service with the IRS. But what is it? IRS Direct File launched last year as a way to file your taxes with the federal tax agency — for free. At the time ...

The 2025 tax filing season will begin Monday, Jan. 27, the Internal Revenue Service announced earlier this month. The agency said in a statement it expects more than 140 million individual tax ...

Tax season is fast approaching, and whether you’re an early filer or procrastinator, there’s one extra step you can take to safeguard your tax documents. Storing your tax forms and supporting ...