As Congress sends its latest tax proposal to President Donald J. Trump, both the House and Senate versions of the One Big ...

Energy & Environment Energy & Environment   The Big Story House sends GOP megabill to Trump’s deskThe House approved the ...

Sweeping tax and budget legislation approved by Congress on Thursday means $7,500 tax credits for buying or leasing new electric vehicles will end on September 30, as well as a $4,000 used EV credit, ...

The GOP bill adds hurdles for EITC recipients, hitting low-income families hardest while preserving tax breaks for the rich.

A new provision in President Donald Trump’s proposed budget would eliminate taxes on tips and overtime pay, a move many ...

Additionally, self-employed individuals must file if they earned $400 or more. Dependents have their own filing thresholds based on income type. Filing late may mean a smaller refund if penalties ...

This bill will not balance the budget or reduce the deficit, but it will take food and healthcare from children and tax credits from working families.

The Senate parliamentarian has rejected a Republican attempt to exempt a small number of religious schools, including ...

A provision in the GOP tax bill to require the IRS to screen taxpayers before they take a popular tax credit is doomed in its current form after the Senate’s referee ruled the provision doesn’t adhere ...

Gov. Phil Scott signed a bill on Wednesday aimed in part to make Vermont a more attractive state for military retirees.

Republicans want to change or reduce key social safety net programs that provide health care, food benefits and financial ...

The average amount of EITC received nationwide in 2023 was $2,743. How do I claim the EITC? To claim this credit, you must file a 1040 federal income tax return.