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Tax season 2022: What to know about child credit and stimulus payments
The Internal Revenue Service is sending special statements to the millions of Americans who got monthly payments last year of the expanded child tax credit, part of the pandemic relief program. The agency is ...
High-tax state exodus accelerated during the pandemic, analysis shows
A new report from the Tax Foundation, a nonpartisan group that advocates for lower taxes, found that a growing number of Americans migrated from predominantly blue states like California and New York to red ...
The clock is ticking on retirement security bills, industry experts say
Lawmakers on both sides of the aisle are motivated to pass another major retirement security package in 2022, but with midterm elections looming in November, time is of the essence, retirement industry sources said.
...IRS Issues Annual Report
Since the pandemic began, the IRS has successfully delivered more than $1.5 trillion to people across the nation through Economic Impact Payments, tax refunds and advance Child Tax Credit payments. The Internal Revenue Service ...
Get ready for another chaotic tax filing season as an underfunded IRS struggles to stay afloat
Years of financial and administrative neglect by Congress coupled with the devastating impacts of COVID-19 and new responsibilities have sent the Internal Revenue Service spiraling into chaos. The troubles translate into difficulty in processing ...