Most of us dread filing tax returns—it’s too complicated, too confusing, and often too expensive. The Free File Program eased some of those burdens for...
The expanded and fully refundable child tax credit (CTC) will lift millions of children out of poverty in 2021. But many very low-income children may...
The IRS struggles mightily to balance two goals: It desperately wants to encourage taxpayers to file their tax returns electronically rather than on paper. And...
By including in the American Rescue Plan (ARP) a provision to exempt up to $10,200 of last year’s unemployment benefits from federal income tax, Congress...
Many low- and moderate-income households no doubt were assisted greatly by enhanced federal unemployment insurance benefits that they received earlier this year and would be...
Congress has responded to the COVID-19 pandemic-induced economic slowdown by putting hundreds of billions of dollars directly into people’s pockets. Much of this came from...
Today’s advice: If you have not yet filed your federal income tax return, do not—repeat, do not—send the Internal Revenue Service a paper return—especially if...
