Tax credits

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has been sending to taxpayers about the amounts they received on advance payments of the Child Tax Credit may have outdated information.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.

Advice from accountants on economic incentives can help bring more tax revenue and employment to communities.

Millions of American families came to depend the advanced credit amid a surge in the cost of living and the continued spread of COVID-19.

The Internal Revenue Service added more information on the Recovery Rebate Credit, providing extra details on its Frequently Answered Questions document about finding the first Economic Impact Payment amounts to calculate the credit.