IRS CONFIRMS!! DON’T WAIT… 2024 Retroactive Tax Credits FILE NOW
IRS CONFIRMS: DO NOT WAIT!! As the tax season kicks off, Congress is still negotiating a $78 billion tax package with retroactive changes, including a boost for the child tax credit and an assortment of other tax credits that will land money in peoples pockets.
If enacted, the child tax credit changes could affect 2023 filings this season. But taxpayers shouldn’t wait to file, according to the IRS.
“We urge and encourage taxpayers to file when they’re ready,” IRS Commissioner Danny Werfel told reporters Friday during a press call. “Don’t wait on Congress.” https://www.cnbc.com/2024/01/30/child-tax-credit-could-change-but-dont-wait-to-file-taxes-irs-says.html
House prepares to vote on bipartisan tac bill that would expand tax credits, this week https://abcnews.go.com/Politics/house-vote-bipartisan-tax-bill-expand-child-tax/story?id=106826071
#childtaxcreditincrease #childtaxcredit2024 #childtaxcredit
As updates come out, I will be sure to share.
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