Students may be entitled to additional money if they're not claimed as dependents.
It's still working through backlogs from previous couple of years.
In a statement Monday, the agency warned that it is still addressing a backlog of taxpayer inquiries from the past year.
The threshold used to be much higher.
The IRS adjusted more than 60 tax provisions, including rate schedules, to take rising prices into account.
Democrats are revising the threshold for monitoring bank deposits and withdrawals. But would a strained IRS be up to the task?
Some people think followup letters informing them of their right to appeal are a scam. They aren't.
The people who most need the aid “have to jump the most hurdles to get it,” says Chabeli Carrazana, economy reporter at the 19th.
Trying to opt out is a pain, some parents say.
Taxes got extra complicated in 2020, and the IRS has a backlog of 30 million returns that need a manual review.