WXC Corporation Doral Miami
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Treasury, IRS update frequently asked questions for the Premium Tax Credit

The basics Q1. What is the Premium Tax Credit? (updated February 24, 2022) A1. The Premium Tax Credit is a refundable tax credit designed to help eligible individuals and families with low or moderate income afford health insurance…
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Minimum Wage in Florida – Notice to Employees

Effective September 30, 2023, the Florida minimum wage is $12.00 per hour, with a minimum wage of at least $8.98 per hour for tipped employees, in addition to tips, through September 29, 2024. On November 3, 2020, Florida voters approved…
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Treasury, IRS issue guidance on the Qualified Alternative Fuel Vehicle Credit

WASHINGTON — The Internal Revenue Service and the Department of the Treasury today issued Notice 2024-20PDF to provide guidance on eligible census tracts for the qualified alternative fuel vehicle refueling property credit and to announce…
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IRS reminds eligible 2020 and 2021 non-filers to claim Recovery Rebate Credit

WASHINGTON — The Internal Revenue Service is reminding those who may be entitled to the Recovery Rebate Credit to file a tax return and claim their money before it's too late. The vast majority of those eligible for Economic Impact Payments…
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Saver’s Credit can help low and moderate income taxpayers to save more in 2024

WASHINGTON —The Internal Revenue Service reminds low- and moderate-income taxpayers that they can save for retirement now and possibly earn a special tax credit in 2024 and years ahead. The Retirement Savings Contributions Credit, also…
WXC Corporation Miami Doral
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IRS issues guidance for the transfer of clean vehicle credits

WASHINGTON — The Internal Revenue Service issued proposed regulations, Revenue Procedure 2023-33PDF and frequently asked questions today for the transfer of new and previously owned clean vehicle credits from the taxpayer to an eligible…
WXC Corporation Doral Miami
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Time is running out for refunds

WASHINGTON ― The Internal Revenue Service today encouraged nearly 1.5 million people across the nation to submit a tax return to claim their refunds for tax year 2019 by the July 17, 2023, deadline. The IRS estimates almost $1.5 billion…
WXC Corporation Doral Miami
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Florida storm victims qualify for tax relief; April 18 deadline, other dates extended to Aug. 15

WASHINGTON — Florida storm victims now have until Aug. 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today. The IRS is offering relief to any area designated…
WXC Corporation Doral Miami
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IRS reminds U.S. taxpayers living and working abroad to file their 2022 tax return by June 15

WASHINGTON — The Internal Revenue Service today reminded American taxpayers living and working outside the U.S. to file their 2022 federal income tax return by Thursday, June 15. This deadline applies to both U.S. citizens and resident aliens…