IRS seeks simplified education tax credits for students
Treasury officials urge Congress to reduce education tax benefits to two credits, one for the first two years and a second for tuition and loan interest, with a single eligible expense definition. The proposal targets income thresholds and may curb multiple credits, amid widespread calls for clarity.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Gregory Jenner
Treasury
Karen Yeager
H&r Block
Congress
Yeager
Hope
IRS raises audits on couples earning over $100,000
The IRS boosted audits of taxpayers making more than $100,000 last year, with most extra attention on those $250,000 plus. Even so, audit odds remained low at about 1 in 95 for big earners, while overall audits ran about 1 in 153 returns. The agency seeks a 10 percent enforcement budget increase to expand staff and tighten collections.
MENTIONED IN THIS ARTICLE
Mary Dalrymple
Washington
IRS
Mark Everson
Congress
Everson
Joseph Bankman
Stanford University
Free tax help for low income Kansans via VITA program
Kansans with low to moderate income can use the Volunteer Income Tax Assistance program sponsored by the IRS. Trained volunteers prepare basic returns, with many forms supported. Income eligibility varies by county. local extension offices provide VITA site lists.
MENTIONED IN THIS ARTICLE
IRS
Manhattan
VITA
Internal Revenue Service
Cindy Evans
Shawnee County
Also Mentioned on This Page
David Keating
National Taxpayers Union
Chris Edwards
Cato Institute
Edwards
Irs.gov
Judy Stengel
Wichita
Stengel
Other People
Princeton Road
Ottawa
Kansas
H&r
Princeton
JO Wolken
A.T.A
TAX Time Tax Service, Inc
S. Main St
S. Oak
Garnett, KS
Direcway
ECEAN
Maine
Rhonda Thomas
Commercial Federal
FDIC
Bani
Wwiwv
Comfedbank.com
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