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Expanded child tax credit could be in place quickly if passed by Congress, IRS chief says

Internal Revenue Service Commissioner Danny Werfel testifies before the House Ways and Means Committee on Feb. 15, 2024. (Screenshot from committee webcast) WASHINGTON — Internal Revenue Service Commissioner Danny Werfel told lawmakers on Capitol Hill Thursday that his agency is “poised to move quickly” on a bipartisan tax bill that would temporarily expand the child tax credit…