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Fiscal Year 2021 Financial Report

by | Nov 17, 2021 | IRS |

In the IRS’ Fiscal Year 2021 Financial Report, Charles P. Rettig, Commissioner of the Internal Revenue Service, reflects on the IRS’ progress and accomplishments over the last year. Between October 1, 2020 and September 30, 2021, $4 trillion in taxes were collected, two additional rounds of Economic Impact Payments were delivered to individuals, changes to the Earned Income Tax Credit the Child Tax Credit were implemented, resulting in $15 billion issued to 35 million families as advance monthly payments, and a Spanish version of the Form 1040 became available. To read the full Financial Report, click here.


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