There is a sizable tax credit for low- and moderate-income families, but the IRS estimates a fifth of eligible taxpayers fail ...

The Earned Income Tax Credit also increased to $8,046 for filers with three or more qualifying children. The Foreign Earned Income Exclusion, estate tax credits exclusion, annual exclusion for ...

The same study also found that, conversely, those making less than $25,000 and claiming earned income tax credits were also audited at a higher rate than middle income earners. How far back will ...

The Earned Income Tax Credit helps low- to moderate-income workers and families get a tax break, according to the IRS. Qualifying taxpayers can use the credit to reduce the taxes they owe and ...

Council recently passed its 2025 budget with no tax increase. The millage rate remains 3.53 mills, with 0.34 mills allocated for the fire department fund. The earned income tax rate also stayed ...

Important tax season deadlines to keep in mind The Earned Income Tax Credit helps low- to moderate-income workers and families get a tax break, according to the IRS. Qualifying taxpayers can use ...

To make up for a deficit in the 2025 Waymart budget that required cutting police hours in half, adopting an earned income tax (EIT) on workers seemed hopeful for at least some on borough council.

$0 for Free Edition (~37% of filers qualify. Form 1040 and no schedules except for Earned Income Tax Credit, Child Tax Credit and Student Loan Interest), $39 to $69 for Deluxe, $89 to $129 for ...

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 ...