IRS Tax Relief Program: Application Process & Eligibility Criteria
In the year 2023, the IRS announced penalty relief for individuals whose assessed taxes are below $100,000 for the tax years 2020 and 2021. This relief involves...

Individual Tax Credits and Deductions | Internal Revenue Service
A tax credit is an amount deducted from the taxes you owe. This reduction can lower your tax bill or increase your refund, with some credits being refundable and providing...

Inflation Reduction Act of 2022: IRS Tax Credits and Deductions
The IRS is in the process of executing the Inflation Reduction Act of 2022. This significant legislation impacts individuals, companies, tax-exempt organizations, and...