Tax credits

The service issued a set of frequently asked questions Monday for filing season, with new material added on the expanded Child Tax Credit.

The dervice is urging people to use the information in their online taxpayer accounts for the most up-to-date figures on the amount of the advance CTC.

A top House Democrat suggested Thursday that his party scale back eligibility for child tax credits as a way to unlock President Joe Biden’s stalled economic agenda.

A group of Senate Democrats want the expanded monthly Child Tax Credit payment as the “centerpiece” of any revived tax and spending agenda.

The letters that the Internal Revenue Service has been sending to taxpayers about the amounts they received on advance payments of the Child Tax Credit may have outdated information.

A revamped version of the ChildTaxCredit.gov site adds new features to help with filing taxes and accessing the full amount of unpaid credits.

The service faces a backlog of millions of unprocessed tax returns, and warned taxpayers and preparers to be patient.

Families claiming the Child Tax Credit and newly self-employed Americans are among filers likely to see the biggest challenges this year.

The president's attempt to salvage his economic agenda has revived battles within his party over the same proposals that have bedeviled the plan for months.

The president said his $2 trillion economic agenda will have to be broken up so that a scaled-back version can pass Congress.