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.
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Who can claim the EITC in 2025?
The Earned Income Tax Credit (EITC) is a federal tax benefit designed to support low to moderate-income workers, regardless ...
The deadline for federal workers to accept OPM's buyout offer was on Feb. 6, but terms of resignation are different for IRS workers during tax season.
The Earned Income Tax Credit (EITC) helps reduce poverty for working American families by providing a tax credit for qualified taxpayers. While the EITC has been around for 50 years, it's still one ...
Great news for Washington residents! The Working Families Tax Credit is here to put money back in your pocket. If you worked ...
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.
The maximum claim for each child is $19,066. You can claim all of the eligible adoption expenses that you incurred but you have to claim them in the tax year that includes the end of the adoption ...