The IRS has issued an alert to taxpayers who erroneously claimed a pandemic-era tax credit and face a fast-approaching deadline to take steps to avoid penalties
The IRS said taxpayers should adjust their tax withholding as soon as possible or face a potential “surprise” when they file their tax returns next year.
The IRS warns taxpayers they may have been duped into filing improper pandemic-era tax credits and may face punishment, but a new tool can help avoid penalties.