“These are people who work important jobs but receive low pay,” said Kris Cox, deputy director of federal tax policy at the Center on Budget and Policy Priorities.
“And they previously received such a small earned income tax credit, that nearly six million people were actually taxed into or taxed deeper into poverty,” she said.
Prior to the American Rescue Plan, workers without children received little benefit from the earned income tax credit.
The IRS began issuing another 1.5 million tax refunds this week to people who received unemployment benefits in 2020. That adds to the nearly 9 million refunds, worth...
The Justice Department on Friday said the Treasury Department must hand over former President Trump's tax returns to the House Ways and Means Committee, putting an apparent end...
It’s tax-filing season, and whether you go to an accountant or use online tax software, filing a return can be expensive. But there are free options....
Iowa will move to a 3.9% flat income tax rate under a compromise between legislative Republicans and Gov. Kim Reynolds that paves the way for passage of the massive...
Identity thieves are targeting tax professionals with "spearphishing" emails masquerading as coming from the IRS or tax return preparation software providers, the Service advised in a news...
