Lawmakers on Capitol Hill questioned ScottBessent’s stance on taxes ... Bessent will oversee massive agencies within the Treasury Department, including the InternalRevenueService. The ...
Lawmakers on Capitol Hill questioned ScottBessent’s stance on taxes ... including the InternalRevenueService. The IRS received a massive boost in funding from Democrats’ Inflation ...
But one of the first questions Bessent faced was whether he would let the Internal Revenue Service offer taxpayers a free tax-filing platform this tax season, which starts Jan. 27. “Will you commit to ...
For the 2024 tax year (taxes generally filed in early 2025), the EITC is worth up to $4,213 if you have only one qualifying child. That figure increases to $6,960 for two kids and up to $7,830 for ...