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Eleven states have created or expanded a fully refundable child tax credit following the expiration at the end of 2021 of the federal measure, which enabled families to get as much as $3,600 per child.
October 2 -
The Treasury Department is in the midst of writing rules for how it will distribute the measure's tax credits from hydrogen projects to low-carbon aviation fuel, but work on that guidance could grind to a halt if the government closes.
September 28 -
The service released information on two energy-related tax breaks under the Inflation Reduction Act.
September 27 -
The service is encouraging employers to work with qualified tax professionals rather than shady promoters.
September 21 -
The revised Form 6765 could help both the IRS and taxpayers avoid lengthy audits involving faulty claims.
September 20Sax LLP -
Tax credits for home improvements in the Inflation Reduction Act may prove a major boon for taxpayers.
September 19 -
Anxiety is growing over the pace of work to develop critical guidance on a slew of clean energy tax credits in the Inflation Reduction Act.
September 19 -
The service said Monday it plans to lower its audit rate of low-income taxpayers, even as some criticize its ability to protect taxpayer information.
September 18 -
The Internal Revenue Service released a sneak peak of some of the changes it's hoping to make to the form for claiming research credits.
September 15 -
The immediate moratorium will be in effect until the end of the year.
September 14