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Among the many government stimulus programs launched to help Americans weather the COVID-19 pandemic, one of the most effective was an expanded Child Tax Credit (CTC) that provided families with...
The IRS has put out a notice informing taxpayers that, by law, the agency cannot issue EITC or CTC refunds before mid-February. This includes the entire refund, the notice says, not just the ...
The IRS announced that tax season begins on Jan. 24, when the agency will begin accepting and processing 2021 income tax returns. Although the deadline to file isn't until April 18 for most ...
People with income higher than that may qualify for credits in 2024 if their premiums exceed 8.5% of their household income. As an example, let’s consider a hypothetical scenario where a family ...
Taxpayers who received advance child tax credit payments this year will need to report those payments on their 2022 tax returns. In some cases, they might need to repay the IRS if their payments...
“The IRS has a serious backlog of unprocessed regular filed tax returns and amended tax returns that will delay processing in 2022,” said Trenda Hackett, technical tax editor at Thomson ...
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