A provision of the American Rescue Plan is being readied for action, targeting nearly 90 percent of American households with children to receive monthly payments of the Child Tax Credit.… Read more about Many Families with Children to Get Monthly Payment of Refundable Child Tax Credit (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Some individual taxpayers and businesses in certain Tennessee counties have gotten some good news for a change: they have until August 2 to file their various tax returns with the IRS.… Read more about Tennessee Storm Victims Get Tax Relief (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

With restaurants beginning to open more fully due to a break in the coronavirus pandemic, employees in the food and beverage industry are soon likely to have a lot more to report on their taxes: Tips.… Read more about IRS to Taxpayers: Don’t Forget to Report Tip Income (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

If you live in the Southeast, long lines and questionable containers are a sad reality at many local gas stations. The temporary Colonial Pipeline disruption caused a rush on fuel this week, leading many in the region to hoard gasoline.… Read more about Penalty for Highway Use of Dyed Fuel Waived in Some States (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Most Americans think that when it comes to paying income tax, Social Security benefits are off-limits.… Read more about Some Could Owe Tax on Social Security Benefits (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

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 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…