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51°
Sunday, dec 29
Tag:
Tax Credit
News
IRS Sending Special Payments To 1 Million Americans: Here's What To Know
The Internal Revenue Service (IRS) announced it will issue automatic payments this month to nearly one million taxpayers who didn’t claim the Recovery Rebate Credit on their 2021 tax returns. These payments aim to assist eligible individuals who missed claiming the credit, which provides up to $1,400 per person for those who didn’t receive the full amount of their Economic Impact Payments (EIPs). Who Will Receive Payments? Eligible taxpayers include those who filed a 2021 tax return but either left the Recovery Rebate Credit field blank or entered $0 despite qualifying. Payments wil…
News
New Local Income Tax Coming To 4 DelCo Communities: Officials
Four Delaware County communities are imposing a new local earned income tax in 2025, according to tax officials. Upper Darby and Upper Providence townships and Ridley Park and Aldan boroughs will join other communities in the county that already collect the tax, Keystone Collections said in a Thursday, Nov. 13 news release. This is a 1 percent tax assessed to residents regardless of where they work and to nonresidents who work in the community, according to Keystone Collections, the officials responsible for collecting the tax. The tax becomes effective on Wednesday, Jan. 1, when the four …