The earned income tax credit and additional child tax credit are “refundable,” meaning filers can claim a refund without tax ...

IRS rules say that interest earned on bank accounts is taxable income. If you earned a bonus when opening a new account, you ...

The EITC is designed to help low to moderate-income workers by reducing their tax liability and often increasing their ...

IRS-certified accounting students from the School of Management will once again provide free tax preparation services to individuals and families with annual income of $67,000 or less.

As the 2025 tax season begins, understanding the Earned Income Tax Credit (EITC) can significantly enhance your financial ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

The state began accepting tax returns Jan. 27, and eligible taxpayers can use a free direct file program this year, the Illinois Department of Revenue reported in a Jan. 15 press release. To be ...

The child tax credit provides big benefits for families with children, but you may have to wait a bit longer for your tax ...

Social Security can generate real income. The more you earned during your working life, up to each year's income caps, the ...

Getting a head start on your tax return will hasten your refund if you're getting one. Filing early is also a way to guard against tax-refund fraud, which occurs when a scammer gains access to your ...

One Simple Shift That Could Save You Thousands This Tax SeasonPicture this: It's February, and you're staring at your W-2.

The Illinois Earned Income Tax Credit (EITC) is a benefit for working people with low to moderate income. To claim an Illinois EITC for tax year 2024 (tax returns due in 2025), taxpayers must file an ...