Tags: Tax credit

IRS: Majority of Employee Retention Credit Claims at Risk of Being Improper

IRS: Majority of Employee Retention Credit Claims at Risk of Being Improper

The IRS has identified significant fraud risks in its review of $86 billion worth of Employee Retention Credit claims, with the majority deemed at risk of being improper.


New Colorado Tax Credit Aims to Slash Child Poverty, Leveraging TABOR Surplus

Colorado Governor Jared Polis signed a significant tax credit into law aimed at cutting child poverty in half, using the state's TABOR surplus.

Where's My Child Tax Credit 2024: When to Receive My Money After April 15 Tax Filing Deadline?

The Child Tax Credit (CTC) is an essential resource for families, providing much-needed financial assistance to eligible taxpayers with children. Let's explore the details of the credit for 2024.

The IRS Proposes Child Tax Credit Expansion To Benefit 16 Million Low-Income Children

The IRS Commissioner Daniel Werfel promises rapid implementation of the new 2024 Tax Relief Act and eligibility mirroring existing guidelines.


Latest News

US Treasury Department Unveils New Tax Credit Guidelines for Sustainable Aviation Fuel
The US Treasury Department has released the long-awaited guidelines for the Sustainable Aviation Fuel (SAF) tax credits.
Richman Group closed a total of USD 291 million of tax credit funds. Richman Group Affordable Housing Corp, a top equity fund sponsor for housing, closed a USD 166 million fund that includes a portfolio of properties scattered in 18 states and USD 125 million fund in New York, bringing up the total to USD 291 million.
JPMorgan Chase [NYSE: JPM] Friday pledged to further expand its investment to support new jobs and service in low-income communities after receiving the U.S. Treasury Department’s largest allocation of tax credits.
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