Many low- and moderate-income households no doubt were assisted greatly by enhanced federal unemployment insurance benefits that they received earlier this year and would be thrilled to receive a ...

The Internal Revenue Service’s strategy for examining claims for the Earned Income Tax Credit are falling short, with nearly one-fourth of EITC payments estimated to be wrong last year and the IRS ...

Forbes contributors publish independent expert analyses and insights. I write about how taxes affect low- and middle-income families The Health and Economic Recovery Omnibus Emergency Solutions Act, ...

As tens of millions of American workers file for unemployment amid the global economic and public-health crisis, we are reminded of how much of the nation’s welfare system is tied to jobs. This is not ...

Editor's note: This story has been updated for clarity on the office of the president's statement. President Donald Trump's administration opposes a bill that proposes to provide Guam with 75% earned ...

Gov. Ned Lamont, left, and Senate President Pro Tem Martin Looney see things differently when it comes to the budgetary spending cap. Credit: MARK PAZNIOKAS / CTMIRROR.ORG At the end of 2021, Gov. Ned ...

Millions of people who could possibly benefit from getting a check from the U.S. Treasury don’t. They are eligible to receive, in the words of the IRS, “the federal government’s largest benefit for ...

You can save money on taxes by stashing funds in a tax-deferred retirement account, claiming legitimate business deductions, or claiming deductions for charitable donations or medical expenses, among ...

The only thing better than reducing your tax bill is getting money back from the IRS. If there's one provision of the tax laws that offers the best chance for the most people to get a refund check ...

Former Democratic congressional candidate J.D. Scholten announced Wednesday that he will be launching a nonprofit organization dedicated to raising awareness around the Earned Income Tax Credit — a ...

The Earned Income Tax Credit (EITC) is the largest poverty alleviation program for families with children in the US, and it has well-documented health effects. However, not all eligible families ...