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C LARKSBURG, W.Va. (WBOY) — The Internal Revenue Service (IRS) is celebrating 2025 as the 50th anniversary of the Earned Income Tax Credit (EITC), and launching an awareness campaign as a result.
President Donald Trump and Republicans in Congress are on the cusp of passing legislation to make permanent trillions of dollars of tax cuts enacted in 2017. Besides extending those tax cuts, which ...
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Axios Sneak Peek on MSNTrump's "big, beautiful bill" stops short of "no tax on tips" promise"No tax on tips" began as a promise Trump made during a 2024 campaign stop in Nevada. It has since become a top talking point ...
Trump tax law is making headlines with a major change that eliminates federal income taxes on tips and overtime pay, starting ...
To qualify for the tax deduction, employees must have earned less than $160,000 for the 2024-2025 tax year. Should the bill become law, this income qualification will be adjusted for inflation.
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