The Earned Income Tax Credit is now the biggest (and most popular) anti-poverty program in the country. But can the Internal Revenue Service handle an even bigger EITC?
Non-profit hospitals get big tax breaks for providing care for patients who can’t afford it. Under new IRS rules these hospitals must take extra steps to inform poor patients they may qualify for financial assistance.
The IRS faces a number of hurdles before its new regulations for social welfare non-profits can be finalized, including potential opposition from Congress.