Found 389 Matching Items; Displaying 1 - 10.
2021 Child Tax Credit and Advance Child Tax Credit Payments Frequently Asked Questions; Update to Topic A: General Information and Topic F: Updating Your Child Tax Credit Information During 2021 IRS-FAQ
FS-2021-13, November 2021 — This Fact Sheet updates the Advance Child Tax Credit Topic A FAQs by adding a new question, question 17, under Topic A and Topic F FAQs by adding new questions, question 2 through question 6, under Topic F.
General Information
Individuals
Tax updates and news from the IRS
Taxpayers face a number of issues due to critical tax law changes that took place in 2022 and ongoing challenges related to the pandemic. The IRS continues to share updated information for people preparing to file their 2022 tax returns as well as anyone who has previous year tax returns awaiting processing by the IRS.
General Information
Individuals, Tax Professionals
IRS updates FAQs for the Premium Tax Credit
IR-2022-44, February 24, 2022 — The Internal Revenue Service today updated its frequently asked questions (FAQs) on the Premium Tax Credit.
General Information
Individuals, Tax Professionals
2023 Publication 519, update to Chapter 4
In Publication 519, U.S. Tax Guide for Aliens, under Chapter 4, How Income of Aliens Is Taxed, the two listed columns omitted tax year 2020.
General Information
Individuals
IRS Updates Questions and Answers about the Tax Year 2021 Earned Income Tax Credit
FS-2022-30, May 2022 — This Fact Sheet updates the frequently asked questions (FAQs) for Tax Year 2021 Earned Income Tax Credit (FS-2022-14). More people without children now qualify for the Earned Income Tax Credit (EITC), the federal government's largest refundable tax credit for low- to moderate-income families. In addition, families can use pre-pandemic income levels to qualify if it results in a larger credit.
General Information
Individuals
IRS updates FAQs for Higher Education Emergency Grants
IR-2022-34, February 15, 2022 — The Internal Revenue Service today updated its frequently asked questions (FAQs) on Higher Education Emergency Grants.
General Information
Tax Professionals, Individuals, Students
Families can now report income changes using the Child Tax Credit Update Portal
COVID Tax Tip 2021-167, November 10, 2021
General Information
Individuals
IRS updates frequently asked questions related to wrongful incarceration
FS-2023-26, Nov. 2023 — These FAQs update question 9 to provide that a United States military service member who is a wrongfully incarcerated individual and who receives back pay following the reversal of a court martial conviction may not exclude the payments under section 139F if the payments are merely the restoration of pay and allowances to which the service member is entitled under the law.
General Information
Military, Individuals, Tax Professionals
2021 Child Tax Credit and Advance Child Tax Credit Payments — Topic F: Updating Your Child Tax Credit Information During 2021
Frequently asked questions about the 2021 Child Tax Credit and Advance Child Tax Credit Payments Topic F
General Information
Individuals
IRS Direct File Update: Free, secure, IRS-run, electronic filing option on track to be available in 2024 as a limited pilot
FS-2023-23, Oct. 2023 — The Inflation Reduction Act of 2022 directed the IRS to study the possibility of a free, direct e-file program, commonly referred to as "Direct File." The IRS submitted the results in a report to Congress on May 16, 2023.
General Information
Individuals