Tax season is underway, and many taxpayers are eagerly awaiting updates about their refunds. If you’re claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), it’s essential to understand how the IRS “Where’s My Refund” tool operates under the Protecting Americans from Tax Hikes (PATH) Act. Why Are EITC and…
The Internal Revenue Service and partners nationwide today kicked off their Earned Income Tax Credit Awareness Day outreach campaign to help millions of Americans who earned $59,187 or less last year take advantage of the Earned Income Tax Credit (EITC). “This is an extremely important tax credit that helps millions of hard-working people every year,” said IRS Acting…
Changes to tax rules for charitable contributions and the end of pandemic-related stimulus and credits could mean less money for you. It’s highly likely your tax refund will be smaller in 2023, the Internal Revenue Service is warning, as pandemic-era programs continue to expire. Some tax credits that boosted refund bottom lines since 2020 are…
The Internal Revenue Service encourages taxpayers to use their free online IRS tools and resources to find the information they need to get ready to file their federal tax returns. Specifically, IRS.gov is a one-stop shop for tax novices and experts alike, offering how-to guides, FAQs, calculators, estimators, and downloadable files. The following are some…
The 2022 tax season is right around the corner, and now is a great time to start thinking about your upcoming tax return and refund. There have been many tax changes in 2022 that could have an impact on your return in 2023. Preparing ahead is the best way to ensure you can save money…
Most people think of the IRS as the agency that collects taxes, but you may not know that every year, our agency distributes billions of dollars in tax credits to eligible individuals, families and businesses. The IRS has been especially busy in the past year and a half issuing credits like advance payments of the…
Join us for Awareness Day on Friday, January 28, 2022 Join us in making the 16th annual Awareness Day as successful as last year’s. We partnered with more than 1,500 supporters with a combined social reach of over 2 million. And, partners sponsored nearly 220 live events and other activities such as news releases and articles for EITC Awareness Day.…
If you had the opportunity to receive a refund from the IRS or pay less tax legally than you thought you had to, would you take the opportunity or just let it pass you by? 9.9 times out of 10, you’d jump at the opportunity, and why wouldn’t you? Despite there being numerous ways of…
Nearly every taxpayer with dependent children could be impacted by the PATH Act at some point. In addition to other tax-related provisions, the PATH act affects two extremely common tax credits: the Earned Income Tax Credit and the Additional Child Tax Credit. Here’s what every taxpayer should know about the PATH Act: What is the…
Join us in making the 15th annual Awareness Day as successful as last year’s. We partnered with more than 1,500 supporters with a combined social reach of over 2 million. And, partners sponsored over nearly 220 live events and other activities such as news releases and articles for EITC Awareness Day. With your help, we want to even make it bigger…
