Clothing and accessories retailer The Gap Inc. overstated its $52 million tax credit claim because the company sought a refund for periods over which the US Tax Court lacks jurisdiction, the IRS said.

The saver’s tax credit helps people who earn modest incomes save more for retirement. Learn whether you qualify for it and the advantages it can provide.

If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take.

Due to higher than normal intake volume, the Canada Revenue Agency is experiencing delays in processing Form T2201, Disability Tax Credit Certificate. We will respond in writing once a decision has ...

Do you support a spouse or common-law partner, or a dependant with a physical or mental impairment? The Canada caregiver credit is a non-refundable tax credit that may be available to you. Who can you ...

The earned income tax credit, or EITC, is worth up to $7,830 for eligible families with three or more children for 2024.

Listen to this article State lawmakers, including Assemblymember Harry Bronson, are again pushing for approval of a tax ...

The IRS offers a significant tax credit for low to moderate-income workers, potentially providing up to $8,000. This credit, ...

Tax credits are often more valuable compared to deductions because they directly reduce your tax bill dollar-for-dollar.

The proposed legislation aims to invest $90 million over three years to boost workforce participation. Addressing both ...

The Earned Income Tax Credit (EITC) offers a refundable tax credit to low-income working individuals and families. Eligibility depends on income, filing status, and qualifying children ...