Tax

Many residents of South Carolina who received a tax rebate from the state can now exhale a little bit easier. The IRS clarified on Friday that, if recipients meet certain criteria, they won't need to report the rebate on their tax…

The combined Earned Income Tax Credit (EITC) and California Earned Income Tax Credit (CalEITC) may entitle taxpayers to a tax refund of up to $10,000. The tax filing season in the US has begun. The Internal Revenue Service (IRS) is…

The IRS has issued roughly 8 million refunds totaling approximately $15.7 billion as of February 3, the agency announced. The average refund was $1,963, a decrease from $2,201 at the same point in the previous year's filing season. …

The Internal Revenue Service has determined that you probably do not need to pay federal taxes if you received state-issued relief checks this year. The IRS requested last week that recipients delay filing their tax returns until the…

The IRS has been attempting to ascertain this week if the cash given to citizens of 21 states counts, including inflation relief checks, is subject to federal income tax. According to the IRS's Friday night announcement, the answer is…

The Internal Revenue Service (IRS) uses tax brackets to make sure that people who earn more money pay more in taxes. Each tax bracket has a rate that is applied to taxable income that falls within a certain range. In the US, your tax…

The government of Denver provides financial aid through tax refund to owners of electric bicycles and electric cargo bikes so they can purchase new ones. They offer $300 for a basic electric bike and $500 for an electric cargo bike. If…

While the federal government has made it plain that stimulus checks will not be issued at that level again in response to the COVID-19 crisis, some states will make it easier for residents to receive refunds when filing their tax returns.…