The IRS faces a major problem: Nonfilers
The IRS is well-known (some may say "infamous") for auditing tax returns for accuracy and pursuing tax debtors for payments. However, there is a third compliance area that has been deprioritized in recent years: filing compliance.
President Biden wants to give homebuyers a $10,000 tax credit. Here's who would qualify.
Buying a home has become increasingly out of reach for Americans, who are grappling with a double whammy of high interest rates and surging home values. In his State of the Union address, President Joe Biden proposed a new tax credit that would provide $10,000 to first-time home buyers.