In the IRS Tax Tip 2022-123, the IRS reminds college students and any taxpayers that might claim them, that there are two education credits available for them: 1. American Opportunity tax credit Worth a maximum benefit of up to $2,500 per eligible student Only available for the first four years at a post-secondary or vocational
In the original Restaurant Revitalization Fund (RRF), there were $28 billions available and the program run out of funds pretty quickly. Applicants within the priority group received approximately $18 billion in grants; including $7.5 billion for women-owned businesses, $1 billion for veteran-owned businesses, $6.7 billion for social and economically disadvantaged-owned businesses and $2.8 billion for
In the IR-2021-168, the IRS provides relief for certain employers claiming the Work Opportunity Tax Credit (WOTC). The WOTC is a federal income tax credit available to employers that hire certified members of certain groups specified in the Internal Revenue Code who face significant barriers to employment, including Designated Community Residents or Qualified Summer Youth
