Earned Income Tax Credit

The IRS Is Using AI to Target the Ultra-Wealthy for Tax Violations

Fri, 09/08/2023 - 16:40

The Internal Revenue Service (IRS) is adding artificial intelligence tools to crack down on potential tax violations, the agency announced on Friday. The IRS claims it will be focusing on wealthy taxpayers who have used “sophisticated schemes to avoid taxes,” instead of burdening average people with “no-change” audits.

daniel werfel, business finance, income tax in the united states, irs targeting controversy, taxation in the united states, internal revenue service, Earned Income Tax Credit

Low-wage parents can help their kids avoid poverty for decades if they get this one tax credit

Wed, 07/26/2023 - 06:15

Tech Insider : Economy

A photo of a young mother working on her taxes with an infant beside her in a high-chair. — The earned income tax credit was established in 1975 to offset Social Security taxes and surging inflation.
M_a_y_a/Getty

economy, Earned Income Tax Credit, WIC, IRS, National Bureau of Economic Research, Poverty

CEOs like Jamie Dimon, Warren Buffett, and Elon Musk want the government to fight inequality and 'reignite the American dream'

Sat, 04/15/2023 - 07:40

Tech Insider : Economy, Politics

Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., speaks at the Economic Club of Washington September 12, 2016 in Washington, DC. Dimon joined a discussion on the state of U.S., global and regional economies. — Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., speaks at the Economic Club of Washington September 12, 2016 in Washington, DC.

economy, politics, JPMorgan, tesla, Elon Musk, Jamie Dimon, Warren Buffett

Subscribe to Earned Income Tax Credit