The legislation, which reduced taxes for most earners, did not take full effect until Americans filed their taxes in 2019.

President Trump’s One, Big, Beautiful Bill Act extends tax cuts, raises deductions, and impacts Texas taxpayers. The question ...

The Senate also pulled out a change to the Pell Grant program, which provides federal aid to low-income students to attend ...

President Trump's 'big, beautiful bill' makes tax cuts permanent, with lower rates, business expensing, and no tax on tips or ...

Republicans are trying to create tax deductions for tips, car loan interest and overtime pay. Experts say they wouldn’t ...

Republican lawmakers released details on President Trump’s ‘one big, beautiful bill,’ including an increased child tax credit.

Senate Republicans passed a bigger child tax credit as part of Trump’s spending package. If enacted, here is who stands to ...

By comparison, the House-approved bill would boost the top child tax credit to $2,500 from 2025 through 2028. After that, the credit's highest value would drop to $2,000 and be indexed for inflation.

The state credit is worth 41.5% of the federal EITC’s value, meaning it adds an average of $1,061 to a qualifying household’s Connecticut income tax refund, according to nonpartisan analysts.

The amount of the child and dependent care tax credit you’re eligible to claim is a percentage of the expenses you paid to a care provider, depending on how many dependents you have and your ...

How the credit is phased out The more money you make, the smaller the tax credit you’ll receive. The 35 percent maximum rate phases out once a taxpayer earns more than $15,000 a year, until it ...