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IRS provides tax inflation adjustments for tax year 2021

WASHINGTON — The Internal Revenue Service today announced the tax year 2021 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2020-45 provides details about these annual adjustments....

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  • November 12, 2020

IRS: Special Rules Help Many with Disabilities Qualify for Earned Income Tax Credit

IRS YouTube Videos: Claiming EITC or ACTC? Your Refund May Be Delayed — English | Spanish WASHINGTON – The Internal Revenue Service wants taxpayers with disabilities and parents of children with disabilities to be aware of the Earned Income...

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  • January 24, 2018

If You Work, The Earned Income Tax Credit Can Work For You!

Since 1975, the Earned Income Tax Credit has helped workers with low and moderate incomes get a tax break each year. Four out of five eligible workers claim EITC, but the IRS wants everyone who is eligible to claim...

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  • January 30, 2015

Eight Tax Savers for Parents

Your children may help you qualify for valuable tax benefits. Here are eight tax benefits parents should look out for when filing their federal tax returns this year. 1. Dependents. In most cases, you can claim your child as...

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  • February 11, 2014

February 26, 2013 – Early Season Earned Income Credit Returns

Early in the filing season, the IRS accepted a large number of returns containing Form 8867 (Paid Preparers Earned Income Credit Checklist) even though the Form 8867 contained incomplete information. Refunds related to these returns had, for the most...

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  • February 26, 2013

IRS review delays tax refunds for some budget shoppers

By Patrick Temple-West WASHINGTON | Fri Feb 22, 2013 4:39pm EST (Reuters) – Federal tax refunds are arriving later than expected for some lower-income Americans due in part to closer scrutiny of earned income tax credit claims by the...

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  • February 23, 2013

February 19, 2013 – Update on Form 8867 Earned Income Credit Checklist

Earlier this month, the IRS reported that a large number of tax returns containing Form 8867 (Paid Preparers Earned Income Credit Checklist) were accepted by the IRS, even though the Form 8867 contained incomplete information. The IRS previously reported...

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  • February 19, 2013

Check Your Eligibility for the Earned Income Tax Credit

The Earned Income Tax Credit has made the lives of working people a little easier since 1975. EITC can be a boost for workers who earned $50,270 or less in 2012. Yet the IRS estimates that one out of...

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  • January 25, 2013