What Zelle, Cashapp, Others IRS Reporting of $600 Payments Means
Though the new rule will go into effect on January 1, businesses will see the impact in 2023 when they file their 2022 tax returns.
Families Could Get $1,800 per Child Tax Credit, But Must Register Now
Low-income families have until 11:59 ET on November 15 to sign up to receive advance payments of the enhanced child tax credit.
The IRS Is Adjusting 2022 Standard Deductions Due to Inflation
Adjustments in the federal tax brackets will results in increases in standard deductions.
21 House Democrats Condemn Plans for IRS to Monitor Bank Accounts
The Democrats said the proposal could create a "significant burden and potential unintended consequences."
100+ Groups Urge Biden Admin to Drop Plans to Let IRS Monitor Bank Accounts
Credit Unions said the proposal, designed to help tackle tax fraud, "would impact almost every American and small business."
Child Tax Credit Dates as IRS Set to Send Out New Payments
Another round of advance child tax payments will go out on Friday, with two more to go before the end of the year.
Janet Yellen Denies IRS Monitoring $600 Transactions Is Spying on Americans
The Treasury Secretary told CBS the proposal, aimed at billionaires, would increase tax revenues.
Have to Pay Back Stimulus Checks? What to Know About Dispute Deadline
Taxpayers have 60 days to dispute a "math error" that found they improperly received part or all of their stimulus checks.
Democrats Urged to Drop Plan to Make Banks Give Customer Data to IRS
Twenty-five Republican senators have signed a letter opposing the measure, which supporters say would help the IRS identify high earners who are shielding income.
IRS Warns About Stimulus Check Scams After Getting Record Number of Reports
"The number of reported scam attempts reached levels we haven't seen in more than a decade," an IRS official said.
Why Advancing Racial Equity Requires Fixing Our Broken Tax Code
In order to fix the racial wealth gap, we need to start with our tax code.
IRS Surprise Money Issued As People Find Tax Refund Deposits in Accounts
The Internal Revenue Service has been sending out refunds to those who overpaid taxes on unemployment compensation in 2020.
IRS Sends Out $15 Billion in Second Round of Monthly Payments
About 15 percent of people who received a direct deposit in July will receive a paper check this month as part of a "technical error."
Group Accused of Infringing Nonpartisan Status By Giving Voter Info to RNC
A spokeswoman for the American Legislative Exchange Council denied the organization shares data "with any political party" in an email to the Associated Press.
Portman Says IRS Enforcement Dropped From Bipartisan Infrastructure Bill
The proposal to toughen enforcement of IRS tax collections was dropped after firm opposition from Senate Republicans.
Child Tax Credit Payment Schedule for 2021 in Full
Advance Child Tax Credit payments issued by the IRS reached around 35 million families in the U.S. on Thursday.
Missing or Late Child Tax Credit? How to File a Trace for Upcoming Payment
If you are among the eligible parents for the payments but did not receive one yet, the IRS has set up a system to allow you to track the money.
Child Tax Credit Calculator: How Much Will My Payment Be?
The credit was increased from $2,000 to up to $3,600 per child for each child under 6, or $3,000 per child aged 6 to 17.
Child Tax Credit Payments Begin This Week: When to Expect Your Check
Exactly when you will receive a check depends on how you have received payments from the Internal Revenue Service in the past.
SCOTUS Rules California Must Stop Collecting Data on Top Charity Donors
In their final ruling this term, the justices ordered the state to halt the collection of names and addresses of top donors to charities.
163.5M Stimulus Checks Totaling $390B Sent Through American Rescue Plan
The Treasury Department said more economic impact payments were delivered than in any previous round of COVID-19 relief.
Parents Must Choose Between Monthly Child Tax Credit Payments or Lump Sum
You have until 11:59 p.m. on Monday to opt out of monthly payments.
Child Tax Credit Awareness Day: When Payments for the $3,000 Benefit Start
Monthly installments of $250 or $300 will start in July and continue through December for eligible households.
How to Get Your Stimulus Checks If You Still Haven't Received Payment
A number of issues can prevent people from receiving stimulus checks. Here's how to check and resolve any issues around non-payment.
169 Million Stimulus Check Payments Sent, IRS Issues Tax Return Reminder
More than 2 million payments, worth more than $4.2 billion, have been distributed over the last two weeks alone.
Confused Couple in Japan Receive Latest Round of COVID-19 Stimulus Checks
"A nonresident alien in 2021 isn't eligible for the payment," according to the IRS. Non-American citizens living overseas who received the checks erroneously should void them and send them back, or risk a warning in 2022.
Tax Day Post Office Details For Filing Before Deadline
Texas, Oklahoma and Louisiana were allowed to extend their deadlines to help residents recover from the aftermath of the winter storms that destroyed parts of the south.
May 17 Tax Deadline Explained: What Time Are Taxes Due?
The deadline for filing individual tax returns in the U.S. was pushed back from the usual date of April 15 to May 17 this year.
How to Get the Rich to Pay Taxes
Lamenting about raising the taxes on the rich is going to do nothing but further divide us.
Unclaimed IRS Tax Refunds Available to 1.3 Million People: How to Get Yours
"Time is quickly running out for these taxpayers," IRS Commissioner Chuck Rettig said. "There's only a three-year window to claim these refunds, and the window closes on May 17."