Not sure if you can claim the earned income tax credit on your federal tax return? Read on to learn more about how this tax benefit works and the credit amounts available depending on your filing ...

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

Filing taxes isn't most people's idea of fun, but it's usually better to file early. After all, filing late can lead to some hefty penalties. The failure-to-file penalty is 5% of the taxes owed ...

KUALA LUMPUR: Malaysia needs tax reforms to raise additional revenues for reducing inequality, according to the World Bank. Its latest report titled "A Fresh Take on Reducing Inequality and ...

Income Tax filing: In Budget 2025, Finance Minister Nirmala Sitharaman suggested extending the timeframe for submitting revised income tax returns (ITRs) from two to four years. This adjustment ...

Generally, April 15 is the deadline to file your income tax forms with the Internal Revenue Service. Unless you’ve overpaid and are eager for a refund, you may be tempted to put off completing ...

If you don't think you can finish filing your income taxes by the April 15 deadline, you have options. To start, you can file a free tax extension that will give you an additional six months to ...

But Direct File continued to be up and running at IRS.gov as of Tuesday. More on that to follow. All volunteers with these programs who prepare income tax returns must take and pass tax law ...

Find out how much you’ll owe when you file your 2025 tax return and learn how to pay less by reducing your taxable income. Learn more about the child and dependent care tax credit including how ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Use our crypto tax calculator for the 2024-2025 tax ...

Who should file a tax return, how to get ready for taxes, filing and payment due dates, reporting your income and claiming deductions, and how to make a payment or check the status of your refund.

which are taxed at your federal income tax rate (up to 37% for the 2024-2025 tax filing season). However, you may only pay up to 20% for capital gains taxes. And unlike ordinary income taxes ...