The Internal Revenue Service says it sent out millions of additional American Rescue Plan (ARP) payments to taxpayers in just a two-week period, pushing the total number of payments issued under the new law to just under 170 million.…
Read more about Nearly 170 Million American Rescue Plan Payments Sent So Far
Congress has passed a number of coronavirus relief packages throughout the pandemic. While the three rounds of Economic Impact Payments are the most famous provision of those legislative efforts, they were technically an advance on the new Recovery Rebate Credit.…
Read more about Millions of Taxpayers to Receive IRS Letter about the Advance Child Tax Credit
As you might have experienced first-hand, those with unused funds from a 2020 dependent care assistance program (DCAP) could have questions about newly allowed carryovers and whether those funds are taxable.…
Read more about Dependent Care Assistance Program Participants Get Helpful Guidance
The Internal Revenue Service has released guidance that hikes interest rates and other inflation-adjusted items due to changes driven by the American Rescue Plan Act of 2021 (ARPA).…
Read more about IRS Issues Guidance for American Rescue Plan Changes to the CTC, EITC, and APT
