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Specifically, the bill “directs the Internal Revenue Service (IRS) to establish a Community Volunteer Income Tax Assistance Matching Grant Program to provide matching funds for the development, expansion, or continuation of tax preparation programs to assist low-income taxpayers and members of under-served populations.”
The IRS Direct File program, which lets taxpayers file their federal income tax return directly with the IRS for free, is doubling its reach to 25 states for the 2025 tax season, up from 12 states ...
In May, the IRS reported to Congress that it found wide interest in a free IRS tax-filing service and determined the agency was "technically capable" of delivering one. That service is Direct File ...
The Internal Revenue Service said Thursday that it will continue and expand its free tax filing program in 2025.. A pilot version of the online program, known as Direct File, launched earlier this ...
The IRS Free File Program is a service that allows U.S. taxpayers to prepare and e-file their federal income tax returns for free. Through the program, commercial tax software companies that are part of the Free File Alliance offer free tax preparation software to tax filers with annual adjusted gross income (AGI) below $84,000 for Tax Year 2024.
The Tax Relief for American Families and Workers Act is a $78 billion package that would expand the Child Tax Credit (a tax benefit that provides money to parents), restore business tax breaks, increase federal funding for states to encourage the development of low-income housing, deepen economic ties between the United States and Taiwan and end a pandemic-era employer tax benefit.
In 1950, Congress enacted two laws, P.L. 815 and P.L. 874, that began the grant program in its present form. [1] The Impact Aid statute is now Title VII of the Elementary and Secondary Education Act of 1965 (ESEA)), and the program's regulations can be found in Title 34 of the Code of Federal Regulations, section 222. Total funding for this ...
There are three primary types of microgrants; one is a small sum of money (~US$50–500) granted to an individual to start an income-generating project, another is a small grant (~$2,000–$10,000) to a community for an impact-oriented project and a third is a small grant to an individual for any cause they see fit.