WASHINGTON, D.C. – The Internal Revenue Service (IRS) is currently failing to follow the law and protect taxpayers in several key areas, Ways and Means Committee members warned IRS Commissioner Daniel Werfel during an oversight hearing of the agency. A recent report from the Treasury Inspector General for Tax Administration (TIGTA) showed ...
WASHINGTON, D.C. – The Child Tax Credit provisions in the Tax Relief for American Families and Workers Act will help working parents struggling to provide for their families. By indexing the credit to inflation, maintaining work requirements, and ending the penalty against large families, the bill provides the breathing room to ...
Washington, D.C. - Adjustments to the child tax credit (CTC) and any additional refunds owed to working families under the Tax Relief for American Families and Workers Act will be processed and issued in a matter of weeks, Internal Revenue Service (IRS) Commissioner Daniel Werfel confirmed to Ways and Means Chairman Jason Smith (MO-08) today ...
As prepared for delivery. "Thank you Commissioner Werfel for appearing before the Ways and Means Committee a little earlier than usual this year. We have a lot to go over with you, so I appreciate you answering the request of our Members to come before the Committee early this year.
Economists agree: Child Tax Credit modernizations encourage more Americans to work. WASHINGTON, D.C. – Multiple studies, including analysis from the Joint Committee on Taxation (JCT), confirm that the work incentives in the Tax ...
WASHINGTON, D.C. – American families and small businesses struggling with high costs will soon receive help thanks to the Tax Relief for American Families and Workers Act passed in the House of Representatives,
WASHINGTON, D.C. – The Tax Relief for American Families and Workers Act advances proven, pro-growth policies to help American families and businesses struggling in the Biden economy,
Washington, D.C. - The overwhelming vote of support in the House of Representatives last month for the Tax Relief for American Families and Workers Act – which included an enhanced Child Tax Credit (CTC) – signifies the support among conservatives for policies that encourage and support growing families,
“Congress must act as soon as possible to build on the pro-family, pro-growth policies from the Trump tax reforms and give the American people some well-deserved relief from today’s inflation crisis.” WASHINGTON, D.C. – House Ways ...
WASHINGTON, D.C. – Days before IRS Commissioner Daniel Werfel is scheduled to testify before the Ways and Means Committee, a new report issued by the Treasury Inspector General for Tax Administration (TIGTA) finds the agency is failing to put adequate controls in ...