Tax credits

The Internal Revenue Service is planning to host events this weekend in a dozen cities to help people who usually don’t file a tax return register for monthly Advance Child Tax Credit payments.

Infrastructure fantasies; trouble with the U.S.-Malta Treaty; the future of contactless prep; and other highlights from our favorite tax bloggers.

Compliance audits, the new wrinkles of CTC, marijuana and more were key topics at a recent stakeholders meeting with the service.

Practitioners have plenty of time to advise clients on multiple savings opportunities.

A bipartisan group of lawmakers is proposing to boost affordable housing by 2 million units over the next decade by expanding a key tax credit.

Companies and their advisors first need to determine who has the authority to grant such tax benefits.

Clients could end up having to pay back the money next filing season.

A 25% tax credit is the latest carrot being proposed on Capitol Hill to encourage semiconductor companies to bolster U.S. production.

The Internal Revenue Service is sending letters to over 36 million families about how they may be able to qualify for monthly Child Tax Credit payments, beginning in July.

The legislation would overhaul the current menu of energy tax breaks, consolidating credits for renewable energy sources and offering incentives to any energy source that has no carbon emissions.

The rescue package makes it easier for those who have lost their jobs to keep their health insurance.

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

In the world of accounting, economic credits and incentives have been shrouded in mystery for some time.

The Employee Retention Tax Credit has been a welcome lifeline to many struggling businesses and those most significantly impacted by the economic uncertainty around the COVID-19 pandemic.

The Ways and Means Committee approved bipartisan legislation Wednesday to expand automatic enrollment, among other things.

The Penn Wharton Budget Model says the White House mistook the cost of its child-care and education policies.

The sweeping $1.8 trillion plan would be funded in part by the largest tax increases on wealthy Americans in decades.

The 10-year plan would ramp up federal support for American families, with a major expansion in spending on child care, paid leave and education.

Democrats introduced a bill Tuesday to provide tax credits for child care, along with universal paid family and medical leave and permanent extensions of child and family tax credits.

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.