February 27, 2023

New York Times: I.R.S. Decision Not to Tax Certain Payments Carries Fiscal Cost

media mention

More than 20 state governments, flush with cash from federal stimulus funds and a rebounding economy, shared their windfalls last year by sending residents one-time payments.

This year, the Biden administration added a sweetener, telling tens of millions taxpayers they did not need to pay federal taxes on those payments.

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