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Undocumented immigrants pay more than their fair share of taxes
When measured as a share of their income, undocumented immigrants paid an average effective state and local tax rate of 8.9 percent.The Hill - 18h -
How a Consulting Firm and Trump’s I.R.S. Pick Pushed a Problematic Tax Credit
Billy Long worked with Lifetime Advisors, a company that solicited clients to claim a pandemic-era tax credit that the I.R.S. said became a magnet for fraud.The New York Times - 1d -
Get Ready to Pay the “AI Tax” Next Year
AI-related spending is set to increase next year. Is the juice worth the squeeze?Inc. - 1d -
Who Qualifies for IRS Payments of Up to $1,400 in Unclaimed Stimulus Credit?
Some Americans who qualified for a pandemic-era tax credit but did not claim it will get up to $1,400 in their account within the next month.The New York Times - 2d -
Republicans succeed in clawing back more IRS tax-cheat enforcement funds. For now.
The IRS estimates there will be 8,000 fewer audits of wealthy taxpayers and businesses though 2029 without the sidelined $20.2 billion.MarketWatch - 1d -
Fiscal concerns should not hold up tax cuts
Small business supports extending the Tax Cuts and Jobs Act. However, some Republicans are calling for spending cuts to offset the cost of the tax cuts.The Hill - 1d -
IRS says 1 million taxpayers will get up to $1,400 rebate
The Internal Revenue Service (IRS) said around 1 million taxpayers will get up to $1,400 in a rebate in the coming weeks. The automatic payments, which are set to go out later this month, will be ...The Hill - 1d -
IRS plans to pay 1 million taxpayers up to $1,400. Here's how to check if you're eligible.
The IRS plans to issue automatic “special payments” of up to $1,400 to 1 million taxpayers starting later this month, the agency announced last week.NBC News - 2d -
1 million Americans to receive checks from the IRS. How to know if you're eligible
The IRS estimates that a total of roughly $2.4 billion will be sent to Americans in the coming weeks.ABC News - 2d -
IRS to send 1 million taxpayers up to $1,400 in 'special payments.' How to know if you're eligible
Some taxpayers who didn't receive Covid-19 stimulus check funds they were due can expect to receive money from the IRS. Here's what to know about the payments.CNBC - 2d -
The IRS is sending up to $1,400 to 1 million Americans—how to know if you qualify
In a surprise move, the IRS is automatically sending stimulus checks to qualified tax filers who haven't already received them.CNBC - 2d