IRS Newsroom - Internal Revenue Service
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IRS announces special payments going this month to 1 million …
IR-2024-314, Dec. 20, 2024 — As part of continuing efforts to help taxpayers, the Internal Revenue Service today announced plans to issue automatic payments later this month to eligible people who did not claim the Recovery Rebate Credit on their 2021 tax returns.
Tax updates and news from the IRS | Internal Revenue Service
Get critical updates that may affect your tax filing and recent IRS news. On this page. Latest updates; Clean vehicle and energy credits; 2023 tax filing. Other updates; Latest updates. Resolving incorrect claims for the Employee Retention Credit – The IRS continues to urge employers to review their ERC claims. There is limited time to ...
IRS sending payments of up to $1,400 to 1 million people ... - CBS News
Dec 23, 2024 · Many Americans face tax increases in 2026 if tax cuts are not passed 05:14. The IRS said Friday it is sending a total of $2.4 billion in "special payments" to 1 million people, part of an effort ...
IRS to send 1 million taxpayers up to $1,400 in 'special ... - NBC News
Dec 23, 2024 · IRS 1040 individual income tax forms. Daniel Acker / Bloomberg via Getty Images file Dec. 23, 2024, 7:23 PM UTC / Updated Dec. 23, 2024, 10:19 PM UTC / Source : CNBC
IRS at risk of losing $20 billion in funding ... - Associated Press News
Nov 26, 2024 · Already bracing for funding cuts under a new Trump administration, U.S. Treasury officials are calling on Congress to unlock $20 billion in IRS enforcement money that is tied up in legislative language that has effectively rendered the money frozen.
Trump Victory Injects Doubt on Future IRS Funding, Enforcement
Nov 7, 2024 · Donald Trump’s victory in the presidential election portends a challenging future for the IRS, potentially gutting its funding and putting the brakes on enforcement campaigns. With Republicans controlling the White House and Senate, annual IRS appropriations and the tens of billions in supplemental funding from the Democrats’ 2022 tax-and ...
Some taxpayers could receive up to $1,400 from IRS. – NBC4 …
Dec 22, 2024 · The IRS is distributing about $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns after missing one of the COVID stimulus payments or receiving less ...
IRS expects to collect more in overdue and unpaid taxes | AP News
Feb 7, 2024 · WASHINGTON (AP) — The IRS is poised to take in hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated, according to new analysis released Tuesday by the Treasury Department and the IRS.
News releases for current month - Internal Revenue Service
IR-2024-301, Dec. 2, 2024 — The Internal Revenue Service announced today the award of $53 million in Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grants to organizations that provide free federal tax return preparation.