In a bid to address economic disparities and support low-income households, Representative Andy X. Vargas of Haverhill, Massachusetts, is championing the expansion of the state Earned Income Tax Credit (EITC) to include immigrants currently ineligible due to their immigration status. Vargas, alongside immigrant advocates, is pushing for this expansion to be included in the fiscal … Read more
The IRS is making moves to rectify a longstanding issue surrounding the audit selection process for low-income earners, particularly those claiming the earned income tax credit. Following revelations of significant disparities in audit rates among different demographic groups, the IRS Commissioner, Danny Werfel, announced during a House Ways and Means Committee hearing that the agency … Read more
Michigan residents are in for a welcome financial boost as checks averaging $550 are making their way to eligible households this week under the Michigan Working Families Tax Credit. Tax Relief for Michigan Families Amidst the economic challenges, Michigan families are receiving much-needed relief through the Michigan Working Families Tax Credit. The credit, a result … Read more
The United States government is rolling out various financial assistance programs, including the Earned Income Tax Credit (EITC), to aid citizens in need. EITC provides tax breaks to individuals with low to moderate incomes. Detailed information regarding EITC Payment Schedule 2024 and eligibility criteria is accessible on the official IRS website, underscoring the government’s commitment … Read more