The U.S. government has announced record-high tax refunds, with the Earned Income Tax Credit (EITC) offering up to $8,046 for ...

Good news for some taxpayers, but bad news for others.

Millions of families claim the child tax credit every year — and filing mistakes can delay the processing of your return and receipt of your refund, according to tax experts. Stream NBC 5 for free, 24 ...

As tax season rolls around, many people are familiar with popular tax credits like the Earned Income Tax Credit (EITC) and the Child Tax Credit. However, several lesser-known tax credits could help ...

The child tax credit got a bump from the One Big Beautiful Bill, going from $2,000 per eligible child under 17 in tax year 2024 to $2,200 in tax year 2025. It's the first increase since the 2021 ...

It's time to start thinking about filing your taxes. While likely not your favorite task, you can avoid a future tax-fueled headache by preparing in advance. Here’s what to know about filing your 2024 ...

With the Internal Revenue Service now accepting 2024 tax returns some taxpayers are already counting down the days until they receive their refund. However, the IRS says taxpayers who claim a pair of ...

With a tax cut, taxpayers pay less in taxes up front; and with a tax credit, they pay higher taxes up front, but then must file a tax return to receive a refund of their taxes.