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The Internal Revenue Service is giving employers more leeway in claiming the Work Opportunity Tax Credit to hire people in underprivileged areas who face significant obstacles to employment for jobs in summer youth and community programs.
August 16
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The bipartisan infrastructure bill would end a tax break Congress crafted to help businesses struggling during the pandemic but relatively few companies have claimed.
August 3
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The IRS and the Treasury started disbursing advance monthly payments Thursday of the expanded Child Tax Credit in a program that aims to lift millions of families out of poverty.
July 15
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Democratic leaders want voters in key states to know which party is responsible for the checks Americans with young children are set to start receiving on Thursday.
July 15
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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.
July 7
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The guidance gives renewable energy companies more time to develop projects that were delayed by COVID-19.
June 29
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The service released a Data Book Thursday highlighting its work this past fiscal year, particularly in response to the pandemic.
June 24
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The Internal Revenue Service opened a portal to enable families to monitor and manage their monthly advance payments of the expanded Child Tax Credit.
June 22
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The service has posted new procedures to explain how a change in tax law last year potentially affects the depreciation of residential rental property.
June 21
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Clients could end up having to pay back the money next filing season.
June 21
