The federal minimum wage has been $7.25 an hour since 2009 with tipped employee wages as low as $2.13 an hour. Nevada’s ...

Congress is likely to pass a tax cut on tipped wages this year. What we know about President Donald Trump's "one, big, ...

WASHINGTON — President Obama's 2015 budget to be unveiled on Tuesday will include a proposal to expand the earned-income tax credit for 13.5 million low-income Americans by closing tax loopholes ...

If you receive a notice from the Income Tax Department under Section 133(6) of the Income-tax Act, 1961, don’t jump to conclusions. This provision allows tax officers to seek specific financial ...

People over age 65 and those who have a qualifying disability and rent their homes can claim a tax credit to offset property taxes of up to $750 if their income is less than $27,500. The credit ...

BATON ROUGE — The Louisiana House of Representatives voted 86-13 Wednesday to approve a bill that might further cut the state’s new flat individual income tax rate and create a tax break for ...

WASHINGTON, May 8 (Reuters) - Republican U.S. lawmakers sent a letter to the head of the House Ways and Means Committee on Thursday voicing their support for tax credits boosted in former ...

according to the Joint Legislative Fiscal Office Vermont’s earned income tax credit — linked to the federal initiative of the same name — would also expand under the bill for workers without ...

Meanwhile, in the east and south, Vermont appears likely to pass an expansion to its Child Tax Credit and Earned Income Tax Credit, and South Carolina lawmakers are aiming to make deep, drastic cuts ...

If you’ve received a notice under Section 142 of the Income Tax Act, don’t worry: It is meant to get more information before the tax department finalises your assessment. “It’s often just the ...

Republican House Speaker Mike Johnson confirmed that current discussions about the $7,500 federal tax credit for electric vehicles in the budget would “more likely than not” result in killing ...

S.51 includes an expanded child tax credit, increases the earned income tax credit from 38% to 100%, increases income thresholds for retirees receiving Social Security and other pension income, a tax ...