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The service has updated its systems to detect invalid claims for the Child and Dependent Care Credit and the EITC.
July 7 -
The service posted a fact sheet Friday on tax credits for renewable energy projects under the Inflation Reduction Act.
June 30 -
Two provisions from the Inflation Reduction Act are already having an impact on encouraging this kind of business in the U.S.
June 21Moss Adams -
A top renewable power trade group endorsed rigorous requirements for a new hydrogen tax credit that would rule out the use of electricity from older wind, solar and nuclear facilities.
June 16 -
The service had to scramble to reconcile the advance payments of the Child Tax Credit it distributed in 2021 with the amounts later reported by recipients.
June 15 -
The IRS has put out proposals on new regs around rules from the two pieces of legislation.
June 14 -
Congress' move to shift $21.4 billion in funding away from the service as a condition for increasing the debt limit isn't deterring the tax agency from its plans.
June 8 -
Panasonic and LG are likely to benefit the most from tax credits under the Inflation Reduction Act.
June 8 -
A wave of new legislative proposals touch on a number of tax-related issues.
June 7 -
The change brings the total number of EV models eligible for the full tax credits to 22.
June 7