IRS Suspends Processing of Pandemic Tax Credit Claims Amidst Surge of Bogus and Questionable Claims
TL;DR Summary
The IRS has announced that it will not accept new claims for pandemic tax credits until at least 2024, leaving taxpayers unable to claim these credits for the foreseeable future. This decision comes as the agency faces a backlog of tax returns and struggles to process the existing claims. The move has raised concerns among taxpayers who were relying on these credits to offset the financial impact of the pandemic.
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