Tax Season Credit Changes on the Horizon
The Tax Relief for American Families and Workers Act is currently stalled in the Senate but is expected to continue to move forward in some form over the coming weeks. With the potential passing of the ACT, tax law changes could be taking effect mid-tax season. The IRS commissioner recently testified before Congress that it would take the IRS 6-12 weeks to be able to implement the changes to the Child Tax Credit alone. ....