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The IRS is "still sitting on a backlog of about 1.2 million claims as of October 26, 2024" for returns that claimed the Employee Retention Credit, the report said.
For taxpayers who filed the credit through a return (Form 941-X, 943-X, 944-X, CT-1X) but haven’t received a refund or haven’t been told their application is under audit, they can sign and ...
The Employee Retention Credit is a refundable tax credit against an employer's payroll taxes. [2] It was established as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law by President Donald Trump, in order to help employers during the pandemic. [3]
Here’s how to make sure you get your tax refund as quickly as possible. E-file and use direct deposit to avoid delays If you’re relying on your refund, file early and electronically, and use ...
The survey of 1,000 U.S. adults also found, "of those who depend on their refund to make ends meet, nearly half (45%) say it’s because of the rising cost of living and necessities (i.e. housing ...
Taxpayers who have checked the "Where's My Refund" tool on the IRS website have probably seen a message that says, "Your return is being processed." In some cases, this message might stay on there ...
President Donald Trump has issued a slew of executive orders (EO) since beginning his second term, including one that may have an impact on your tax refund.One of Trump’s EOs initiated a hiring ...
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