Tax relief

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.

The service has updated the information on its FAQ page for the CTC and advance CTC payments.

Victims of Hurricane Ida in six states now have until Feb. 15 to file various individual and business federal returns and make tax payments.

The IRS is now offering later deadlines to more areas hit by storms, tornadoes and flooding.

The IRS has extended filing and payment deadlines for them until May 16.

The service agreed to ease its policies for low-income taxpayers who are trying to settle their tax debts and still get tax refunds.

The service is sending notices to taxpayers who deferred their Social Security taxes last year, reminding them that half the taxes will be due by the end of this year.

The Internal Revenue Service is giving victims of Hurricane Ida in some parts of Mississippi until Jan. 3, 2022 to file their individual and business tax returns, although the Nov. 1, 2021 deadline still applies to the rest of the state.

The Internal Revenue Service’s Taxpayer Advocate Service helped thousands of taxpayers last year with economic impact payments under the CARES Act, but it took months to start addressing them, often with the wrong cases.