Tag: tax credit

Emerging Tech & Modernization, Tech

IRS launched tax credit website without authority to operate, watchdog reports

June 14, 2022

Via: FCW

The IRS rolled out a web portal to authenticate recipients of the expanded Child Tax Credit in mid-2021 without receiving an “authority to operate” approval from tech officials, according to a May report from the Treasury Inspector General for Tax […]

Federal, Policy

Fourth stimulus check: You’ll get a new $1,400 payment if you meet this requirement

October 12, 2021

Via: BGR

There’s a very good chance that the $1,400 stimulus payment that many of us got months ago will be the last one-and-done relief check we get during the pandemic from the federal government. We detailed why that’s the case in […]

Federal, Policy

Senators call to expand Covid aid plan designed to keep employees on the payroll

February 26, 2021


A bipartisan group of senators is urging Senate leaders to expand a key economic relief provision when the chamber takes up the $1.9 trillion coronavirus rescue package next week. Nine lawmakers wrote Friday to Senate Majority Leader Chuck Schumer, D-N.Y., […]

Federal, Policy

This tax pitfall could affect millions due to Covid. Here’s what you need to know

February 15, 2021


The 2020 tax season is officially underway, and the millions of Americans who collected unemployment benefits last year due to the coronavirus pandemic may be in for a surprise. That unemployment income is taxable, and if you didn’t have money […]

Federal, Policy

Biden proposes a tax penalty for offshoring and new credits for manufacturing investments

September 9, 2020


WASHINGTON — Democratic presidential nominee Joe Biden will travel to the battleground state of Michigan on Wednesday to propose changes to the corporate tax code to reward investments in U.S.-based manufacturing and penalize American companies that offshore jobs. The tax […]