Many don't know they can claim valuable tax credit worth up to $7,830 for some families
Workers who are paid low wages — and in many cases are trying to raise children on overstretched paychecks — can qualify for a financial boost by claiming the earned income tax credit on their tax returns.
Claimed Child Tax Credit when filing taxes? Here’s the soonest you can expect your refund
A taxpayer who submits an electronic return with the direct deposit can expect to receive their money within 21 days.
As Tax Season 2025 Kicks Off, Should You Wait to Claim the Child Tax Credit?
The IRS began accepting tax returns on Jan. 27, but if you want to claim the child tax credit, you might be waiting awhile for your refund.
IRS says claiming the Child Tax Credit or EITC could delay your tax refund payment
While the IRS says most refunds will be sent within 21 days of receiving a tax return, that’s not the case for those who claim the Additional Child Tax Credit or the Earned Income Tax Credit. That’s because the Protecting Americans from Tax Hikes (PATH) Act forbids the IRS from issuing refunds before mid-February to anyone who claimed either of those credits.
Tax season 2025: Claiming a Child Tax Credit? Here’s how long it’ll take to get your refund
If you're claiming a Child Tax Credit or Earned Income Tax Credit on your 2024 tax returns, you may get your refund later in the season than other filers — even if you filed first. Here's why.
Child Tax Credit: What to expect for your 2024 tax refund
As tax season kicks off, understanding the nuances of the child tax credit can help you better manage your expectations for your refund.
These child tax credit mistakes can halt your refund, experts say
It's easy to make child tax credit mistakes when filing your return. Here are common errors that could delay your refund.
$7,830 credit from the IRS: Requirements and eligibility for tax return move with big payoff
The EITC is “one of the federal government’s largest refundable tax credits for low- to moderate-income families,’ the ...
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Tax credit vs. deduction: Which is better?
The secret is in leveraging both tax deductions and tax credits. Before you start your tax return, let’s clarify the differences between a tax credit and a tax deduction and how both work ...
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Pistons-affiliated housing development among 3 in Detroit awarded tax credits
Three Detroit housing developments — including a unique collaboration between Henry Ford Health and the Detroit Pistons — ...
Virginia car tax credit hits dead end before Senate panel
At the crack of dawn on Tuesday, a Democratic-led Senate subcommittee rejected or delayed several of Gov. Glenn Youngkin’s ...
How parents, providers can apply for Alabama’s new child care tax credit, $15 million available
Gov. Kay Ivey signed the “Working for Alabama” legislative package, which included the child care tax credit bill.