The Internal Revenue Service is girding for the official start of tax season as taxpayers and preparers deal with tax breaks related to COVID-19 and questions about stimulus payments. | Tax policy shifting this year under Biden | | By Michael Cohn 7 min read | | The Biden administration is likely to dramatically change its approach to tax policy, with the first step in the stimulus package it began pushing through Congress this month. | |
| House panel clears $1,400 stimulus payments, family tax credits | | By Laura Davison 3 min read | | The House Ways and Means Committee advanced legislation that would infuse households with hundreds of billions of dollars of cash through direct payments and tax credits, a key plank of President Joe Biden’s COVID-19 relief package. | |
| Surprise tax bills await in pandemic-affected IRS filing season | | By Laura Davison 4 min read | | The U.S. federal tax-filing season that begins Friday will be among the most consequential in recent history, as households face potential surprises — both negative and positive — sorting through pandemic-related measures at a time of high unemployment and depressed consumer confidence. | |
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