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Tax credits

IRS
National

IRS Issues Notice to Modify Definitions of Commercial Clean Vehicle Classifications

February 5, 2023February 4, 2023 - by MyChesCo

The Internal Revenue Service recently issued Notice 2023-16 that modifies the definitions of certain vehicle classifications for the new, previously owned and qualified commercial clean vehicle credits.

IRS Issues Notice to Modify Definitions of Commercial Clean Vehicle Classifications Read More

Internal Revenue Service (IRS)
National

IRS Announces Final Corrections of Tax Year 2020 Accounts

January 10, 2023January 8, 2023 - by MyChesCo

The Internal Revenue Service announced it recently completed the final corrections of tax year 2020 accounts for taxpayers who overpaid their taxes on unemployment compensation they received in 2020.

IRS Announces Final Corrections of Tax Year 2020 Accounts Read More
home improvement
National

Get Tax Credits for Your Energy Efficient Home Improvements

December 27, 2022December 26, 2022 - by MyChesCo

The Internal Revenue Service has released frequently asked questions (FAQs) about energy-efficient home improvements and residential clean energy property credits in Fact Sheet FS-2022-40.

Get Tax Credits for Your Energy Efficient Home Improvements Read More

Internal Revenue Service (IRS)
National

IRS Seeks Input on Energy Tax Extensions

November 5, 2022November 4, 2022 - by MyChesCo

The Internal Revenue Service recently issued three notices asking for comments on different aspects of extensions and enhancements of energy tax benefits in the Inflation Reduction Act. The IRS expects …

IRS Seeks Input on Energy Tax Extensions Read More
wealth
National

Don’t Miss Out on Millions in Federal Relief

October 20, 2022October 19, 2022 - by MyChesCo

The Internal Revenue Service announced it has begun sending letters to more than 9 million individuals and families who appear to qualify for a variety of key tax benefits but …

Don’t Miss Out on Millions in Federal Relief Read More

child Care Credit
Pennsylvania / Social Issues

$25 Million Child Care Tax Credit Program Gives Back to Pennsylvania’s Families

September 30, 2022September 30, 2022 - by MyChesCo

PENNSYLVANIA — Governor Tom Wolf visited Kiddie Space Heights yesterday with Department of Human Services Acting Secretary Meg Snead to spotlight his $25 million child care tax credit program. The …

$25 Million Child Care Tax Credit Program Gives Back to Pennsylvania’s Families Read More
paperwork
National

IRS: Don’t Miss Out on These Deductions and Credits

August 21, 2022August 21, 2022 - by MyChesCo

WASHINGTON, D.C. — The Internal Revenue Service is reminding taxpayers who’ve yet to file their 2021 federal income tax return to make sure they take advantage of the deductions and …

IRS: Don’t Miss Out on These Deductions and Credits Read More

Internal Revenue Service (IRS)
National

Child and Dependent Care Credit Can Help Families, Others

March 10, 2022March 9, 2022 - by MyChesCo

WASHINGTON, D.C. — The Internal Revenue Service issued a filing season reminder that those taxpayers who pay expenses for the care of a qualifying person while working or looking for …

Child and Dependent Care Credit Can Help Families, Others Read More
Family
National / Social Issues

Families Can Now Claim Up To $4,000 Per Child Thanks to the American Rescue Plan

March 4, 2022March 4, 2022 - by MyChesCo

WASHINGTON, D.C. — On Wednesday, U.S. Senator Bob Casey (D-PA) and 12 of his colleagues sent a letter to Vice President Kamala Harris and Treasury Secretary Janet Yellen urging the Administration …

Families Can Now Claim Up To $4,000 Per Child Thanks to the American Rescue Plan Read More
Capitol
Government / Pennsylvania

PA House Democrats Plan to Put Money Back Into Pockets

February 16, 2022February 16, 2022 - by MyChesCo

HARRISBURG, PA — On Tuesday, the PA House Democratic Policy Committee explored the lack of competitive tax credits in Pennsylvania and what that does to the economy.

PA House Democrats Plan to Put Money Back Into Pockets Read More

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