IRS Commissioner Daniel Werfel Advices Taxpayers To File Their Taxes Despite Uncertainty Regarding The Changes In The Tax Legislation

IRS Commissioner Daniel Werfel’s advice is for taxpayers to file early as the IRS will do the rest.

IRS Commissioner Daniel Werfel also added that taxpayers should not worry as the IRS will do the rest of the necessary adjustments that are needed. (Photo: NPR)

IRS Commissioner Daniel Werfel’s Advice

The House has cleared proposed changes to tax legislation, but the Senate’s approval is uncertain. IRS Commissioner Daniel Werfel advises taxpayers not to wait to file their returns.

IRS Commissioner Daniel Werfel also added that the IRS will automatically make adjustments for those affected by the changes.

Aside from IRS Commissioner Daniel Werfel’s advice, taxpayers should also know about other credits, like the child and dependent care credit, which may also be available for parents to take advantage of.

These tax credits as IRS Commissioner Daniel Werfel also shared is where you can claim the child tax credit by filling out Form 1040 and Schedule 8812.

If the credit exceeds your tax liability, you may forfeit the difference, but you could qualify for the additional child tax credit, IRS Commissioner Daniel Werfel also stated.

According to a published article by SmartNews, some states also offer their child tax credits, IRS Commissioner Daniel Werfel is also reminding taxpayers to check with their state tax portal for more information.

IRS Commissioner Danny Werfel’s Say On The Issue With Tax Returns

In a published article by Reuters, the IRS aims to collect a total of $100 billion with unpaid tax liabilities possibly totaling hundreds of millions of dollars.

IRS Commissioner Danny Werfel states that this new funding allows the agency to fulfill its core responsibility and strive for fairness for all taxpayers.

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