You may qualify for the Advance Child Tax Credit payments that congress approved based on your 2019 or 2020 tax return data. The IRS has sent out letters to those that have been identified as possible recipients of these new
Tag: child tax credit
2018 Tax Highlights Video
Video includes key information about the TCJA tax reform changes that will affect you in the upcoming tax season. The highlights consist mostly of the individual tax changes. Start collecting your documents now, so you’re ready to file taxes and
2018 Taxes Affected by TCJA 2017 Tax Reform
Tax Reform 101 The Tax Cuts and Jobs Act of 2017 officially starts affecting tax returns Jan 1, 2018, so your taxes next January will look a bit (or a lot) different. Let’s walk through some of the most significant
August 2018 Tax Newsletter
Tax Notes The Tax Cuts and Jobs Act raised the Child Tax Credit from $1,000 to $2,000. Of this, up to $1,400 can be a refundable credit. The Internal Revenue Service has not fully explained how this will work, but I’ll
Delayed Refunds for Tax Year 2016 Due to IRS Identity Theft Precautions
Refunds for Returns with EITC or ACTC Delayed The PATH Act of 2015 requires the IRS to hold 2016 refunds claiming the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) until February 15. The IRS must hold
2017 Tax Season
Tax Season Start Date The IRS announced that the 2017 tax season begins on January 23, but taxpayers claiming the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) for 2016 will not have their refund issued…..
4 Tax Tips for upcoming Tax Season
Tax Tips Get ready for the 2017 tax season with these four simple tips.
Protecting Americans from Tax Hikes (PATH) Act of 2015 – Tax Extenders
President Obama signed the Protecting Americans from Tax Hikes Act of 2015 (“PATH Act”) on December 18, 2015, after both houses of Congress voted to approve the budget measure and comprehensive spending bill. The PATH Act extends a number of important