by Ramdas | Jan 11, 2022 | Child Tax Credit, Individuals Articles, Tax Articles, Tax Tuesday
The start of the new year is also the start of tax season. During January is when tax documents will start arriving via your inbox or mailbox. In addition to your usual tax documents, you should be on the look out for two new items this year. The IRS will be...
by Ramdas | Nov 11, 2021 | Child Tax Credit, Individuals Articles, Tax Articles, Tax Reform
The Advance Child Tax Credit is a hot topic these days. If you are receiving payments, you will need to report the total amount you received on your 2021 tax return. The IRS will be sending out letter 6419 in January 2022, which will provide the total amount of...
by Ramdas | Aug 10, 2021 | Child Tax Credit, Individuals Articles, Tax Articles
On July 15 the IRS started sending out the monthly Child Tax Credit payments. There were about 35 million families that received either a check or direct deposit. Each payment was up to $300 per month for each child under the age of 6 and up to $250 per month for...
