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More than 169 million payments worth about $400 billion have been sent out by the IRS since Congress passed the American Rescue Plan stimulus relief bill in March. See: Fourth Stimulus Checks ...
Nearly 5 million taxpayers who have unpaid tax bills from 2020 and 2021 will have almost $1 billion in penalty fees waived by the Internal Revenue Service (IRS). ... 2020 and 2021, the failure-to ...
The federal tax agency announced on Dec. 19 that it’s waiving $1 billion in penalties tied to overdue bills from the 2020 and 2021 tax years — when the IRS temporarily suspended the mailing of ...
ARPA is the acronym for the COVID-19 Stimulus Package or American Rescue Plan, a US$1.9 trillion economic relief bill passed by Congress and signed by President Biden in March 2021. The act provides direct payments, unemployment benefits, school aid, vaccine distribution, and other measures to combat the pandemic and recession.
Learn how capital gains are taxed in the US, depending on the investor's tax bracket, the holding period, and the type of asset. Find out the current rates, exemptions, and exceptions for federal and state taxes.
Learn about the history and features of the federal child tax credit (CTC) in the United States, a partially-refundable tax relief for parents with dependent children. The CTC has been expanded and modified several times since its creation in 1997, most recently in 2021.
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