As the 2025 tax season kicks off, the IRS may start sending letters to taxpayers eligible for the Child Tax Credit and ...

The Child Tax Credit (CTC) has been a lifeline for many American families, especially during the COVID-19 pandemic.

There are three status updates which the taxpayer might see: “received return,” “refund approved,” or “refund sent.” If the ...

Homeland Security Secretary Kristi Noem sent a letter on February 7 to Treasury ... which was reviewed by Reuters. The IRS is responsible for the collection of taxes and enforcement of related ...

Gabriella’s work has also appeared in Money Magazine, The Hyde Park Herald, and the Journal Gazette & Times-Courier. As a ...

Additionally, Form 1095-A for health insurance and any IRS letters regarding deductions or credits should be on hand to avoid errors and omissions that could delay processing and refunds.

Taxpayer received an extension of time, under Section 301.7701-3, of 120 days from the date of this letter to file Form 8832 to elect to be treated as a disregarded ...

So, what are your changes of being audited? Regardless of income, your chances of being audited are pretty slim. Of the ...

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...

These payments apply only to those who filed a 2021 tax return but did not claim the Recovery Rebate Credit. Those eligible will receive an official IRS letter confirming their payment.

COLUMBIA, S.C. (WOLO)– The Internal Revenue Service (IRS) is giving people tips to make tax season easier for them. Report all types of income on the tax return to avoid receiving a notice or a ...

The Post welcomes letters up to 250 words on topics of general interest. Letters must include full name, home address, day and evening phone numbers, and may be edited for length, grammar and ...