EITC

Lack of awareness, fear of mistakes and penalties, and the cost of filing are preventing many families from claiming millions of dollars in tax credits.

The unchanged tax code; AI hype; M&A promise; and other highlights from our favorite tax bloggers.

Rescheduling cannabis; the outsourcing question; medical deductions in retirement communities; and other highlights from our favorite tax bloggers.

The service said Monday it plans to lower its audit rate of low-income taxpayers, even as some criticize its ability to protect taxpayer information.

Lots of letters; sales tax and crumbling streets; a different look at due diligence; and other highlights from our favorite tax bloggers.

The changing CPA exam; evils of voicemail; CHIPS may fall; and other highlights from our favorite tax bloggers.

A tax season update from Stephen Mankowski of the National Conference of CPA Practitioners.

EITC education; onboarding is key; expats on the rise; and other highlights from our favorite tax bloggers.

Some benefits actually expired and don't apply this year, and average tax refunds will probably be down as a result.

Americans who have put off their 2021 taxes have less than a week to file a return or an extension — and fill them out accurately to avoid trouble from the IRS.

Cracks and answers of income; myths of cheating; bonds and a stadium; and other highlights from our favorite tax bloggers.

The Internal Revenue Service posted a set of answers Wednesday to frequently asked questions on the Earned Income Tax Credit.

The administration is pointing to funds still available to recipients of the credits that have not yet been claimed, as it struggles to extend those tax breaks this year.

Two leaders of Congress’s main tax-writing committee introduced legislation Friday to undo tax refund delays for recipients of the Earned Income Tax Credit who file their taxes early.

Starting advisory services; those who do also teach; the IRS is hiring; and other highlights from our favorite tax bloggers.

The IRS's strategy for examining claims for the Earned Income Tax Credit are falling short, according to a new report.

The EITC, the ACTC and the ACTC continue to be abused, even as they become more generous.

The Internal Revenue Service is increasing the inflation-adjusted amounts of the Child Tax Credit and Earned Income Tax Credit for this year in accordance with the latest coronavirus relief package.

Many of the temporary tax provisions are expected to be included in President Biden’s next piece of tax legislation later in 2021.

The Internal Revenue Service is girding for the official start of tax season as taxpayers and preparers deal with tax breaks related to COVID-19 and questions about stimulus payments.