Tax

Twelve million Americans who obtained jobless benefits during the first year of the COVID-19 outbreak will receive their long-delayed tax returns from the Internal Revenue Service (IRS). On Monday, the government announced in a press…

The Republican-controlled House of Representatives will vote on a bill to eliminate the Internal Revenue Service and replace the current income tax system with a fair tax; a broad-based consumption tax. Tuesday, Representative Buddy…

The IRS has sent delayed tax refunds to 12 million Americans who qualified for a tax discount on unemployment benefits received during the first year of the COVID-19 outbreak. This Monday, the government said in a press statement that 14…

Before Republicans take control of the House this year, Democrats have been attempting to extend the Child Tax Credit and make it permanent. The Child Tax Credit (CTC) in the United States will revert to pre-pandemic levels of $2,000 per…

The IRS has verified there is a means to prevent a "surprise tax bill" for failing to pay sufficient taxes in 2022, as well as avoid further penalties. The deadline for tax payments for the fourth quarter of 2022 is January 17, 2023.…

In 2021, the Social Security Administration distributed $2.8 billion in Social Security payments to four million children. These children have one or both retired, deceased, or handicapped parents. Social Security payments include…

The Colorado Cash Back program will provide $750 to those who file their 2021 tax rebates by October 17, 2021. Eligible couples will earn $1,500. In May, Gov. Jared Polis approved a bill to restore money to taxpayers. Originally, the…

A review of IRS tax audit data from 2022 revealed that taxpayers in the lowest income band are five times more likely to be audited than those in the highest income bracket. Tax Reports During an annual report to Congress, National…