Archive Monthly Archives: July 2021

IRS begins distributing monthly Child Tax Credit payments

  • July 21, 2021

The IRS and the Treasury recently started disbursing advance monthly payments of the expanded Child Tax Credit in a program that aims to lift millions of families out of poverty.Approximately $15 billion

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IRS switched strategies for pursuing the wealthy, but came up short

  • July 21, 2021

The Internal Revenue Service ended one strategy for examining high-income taxpayers in 2017 and switched to another strategy involving the IRS targeting the wealthy that brought in far less tax revenue

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