Tax credits

The Internal Revenue Service updated its frequently asked questions page on the Premium Tax Credit for subsidizing health insurance coverage under the Affordable Care Act.

If you thought last tax season was challenging, brace yourself.

Tax professionals and their clients are dealing with extra challenges this tax season from tax breaks that ended last year and haven’t yet been extended, including the enhanced Child Tax Credit.

Here’s how to save clients money while staying off the IRS ‘Dirty Dozen’ list.

The Internal Revenue Service issued new guidance for taxpayers and tax practitioners submitting claims for refunds involving the research credit.

Democrats are risking the ire of voters inflamed by this year’s tax-filing season, as the stalling of President Biden’s economic package leaves them without promised benefits.

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.

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.