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2 million more Economic Impact Payments disbursed under the American Rescue Plan; total reaches approximately 161 million as payments continue

WASHINGTON — Today, the Internal Revenue Service, the U.S. Department of the Treasury, and the Bureau of the Fiscal Service announced they are disbursing nearly 2 million payments in the sixth batch of Economic Impact Payments from the American...

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  • April 23, 2021

2021 tax filing season set to begin February 12

The IRS will begin accepting and processing 2020 tax year returns on Friday, Feb.12, 2021. People who are ready to file can begin filing their tax returns with tax prep software, including IRS Free File. Software providers are accepting...

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  • January 29, 2021

IRS People First Initiative provides relief to taxpayers

Due to COVID-19, the IRS is providing relief on a variety of issues as part of the People First Initiative. The IRS is modifying certain activities through the filing and payment deadline, Wednesday, July 15, 2020. Here’s what people...

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  • May 15, 2020

Low-income people are eligible to get an Economic Impact Payment

Low-income individuals are eligible to receive an Economic Impact Payment. Those who do not have a regular filing requirement can use the free, online tool Non-Filers: Enter Payment Info to quickly and easily register to receive their payment. There...

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  • May 5, 2020

IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance program

WASHINGTON — To help people facing the challenges of COVID-19 issues, the Internal Revenue Service announced today a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to...

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  • April 2, 2020

Taxpayers should find out if they can benefit from the earned income tax credit

The earned income tax credit benefits working individuals and families with low to moderate incomes. EITC can lower a taxpayer’s taxes, and even result in a refund. To take advantage of this credit, taxpayers must file a tax return and...

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  • February 10, 2020

Many taxpayers don’t realize they could benefit from the earned income tax credit

The earned income tax credit benefits millions of taxpayers who qualify by putting more money in their pockets. This money can help with things like food, gas, clothing and even saving for a rainy day. Here’s some information for...

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  • February 4, 2020

The earned income tax credit can put money in taxpayers’ pockets

The earned income tax credit benefits working people with low-to-moderate income. Last year, the average credit was $2,445. EITC not only reduces the amount of tax someone owes, but may also give them a refund, even if they don’t owe...

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  • October 8, 2019

EITC provides tax break for low to moderate income taxpayers

The earned income tax credit benefits low to moderate income people and families. The credit can lower the tax someone owes or mean a refund for the taxpayer. Taxpayers can do these things to determine if they qualify for...

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  • August 30, 2019

Year-round tax planning includes reviewing eligibility for credits and deductions

Tax credits and deductions can mean more money in a taxpayer’s pocket. Most people only think about this when they file their tax return. However, thinking about it now can help make filing easier next year. This tip is...

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  • July 31, 2019

These Tax Credits Can Mean a Refund for Individual Taxpayers

Taxpayers who are not required to file a tax return may want to do so. They might be eligible for a tax refund and don’t even know it. Some taxpayers might qualify for a tax credit that can result...

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  • January 31, 2018

Ten Tips for Choosing a Tax Preparer

It’s the time of the year when many taxpayers choose a tax preparer to help file a tax return. These taxpayers should choose their tax return preparer wisely.  This is because taxpayers are responsible for all the information on...

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  • January 14, 2018

February 17, 2017: Nationwide- EITC/ACTC Refunds Release Information

As of today, nationwide, the IRS has not yet released refunds containing EITC/ACTC. We now believe that there is a strong likelihood that the IRS will release these refunds early next week, taking into consideration that Monday is a...

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  • February 20, 2017

Six Tips on Who Should File a 2014 Tax Return

Most people file their tax return because they have to, but even if you don’t, there are times when you should. You may be eligible for a tax refund and not know it. This year, there are a few...

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  • January 22, 2015

Ten Facts about Adoption-Related Tax Savings

Adoption can create new families or expand existing ones. The expenses of adopting a child may also lower your federal tax. If you recently adopted or attempted to adopt a child, you may be eligible for a tax credit....

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  • August 12, 2014

Special Tax Benefits for Members of the Armed Forces

Special tax benefits apply to members of the U. S. Armed Forces. For example, some types of pay are not taxable. And special rules may apply to some tax deductions, credits and deadlines. Here are ten of those benefits:...

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  • July 21, 2014

Answers to Frequently Asked Questions for Individuals of the Same Sex Who Are Married Under State Law

The following questions and answers provide information to individuals of the same sex who are lawfully married (same-sex spouses). These questions and answers reflect the holdings in Revenue Ruling 2013-17 in IRB 2013-38. Q1. When are individuals of the...

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  • September 6, 2013

Top Ten Tips on Making IRA Contributions

The IRS has 10 important tips for you about setting aside money for your retirement in an Individual Retirement Arrangement. 1. You must be under age 70 1/2 at the end of the tax year in order to contribute...

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  • April 8, 2013

Feb 22, 2013 – IRS Funding Information

The IRS continues to delay refunds for many tax returns filed in the first part of the season containing Earned Income Tax Credit. The IRS releases refunds each weekday throughout the year. We provide the percentage of refunds that...

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  • February 24, 2013

February 20, 2013 – Form 8867 Earned Income Credit Checklist (updated)

As we noted in a news item yesterday, 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...

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  • February 20, 2013