Will the Child Tax Credit Payments Affect Your 2022 Taxes?
Since July, millions of families have been receiving advance monthly payments of the Child Tax Credit. The payments are worth up to $300 per child, depending on their age. Some families have been using the extra cash to help with childcare, buy groceries, pay rent...
Will the 2022 Tax Filing Season Be Normal?
Because of the pandemic, the last two tax seasons have been anything but normal. Stimulus payments were haphazard and confusing, there were numerous tax law changes, the filing deadline was extended, and millions of taxpayers experienced refund delays. To make...
Two Tax Credits Every College Student Should Know About
Between tuition, books, housing, and transportation, going to college is expensive. The good news is your education expenses can make you eligible for a money-saving education tax credit when you file in 2022. Tax credits reduce the amount of taxes you owe and, in...
3 Reasons to Opt Out of the Child Tax Credit Payments
The IRS will be issuing advance payments of the child tax credit through December. Eligible families will receive $300 per child aged 5 and under or $250 per child aged 6-17. While some taxpayers are welcoming the payments with open arms, others rather wait until...
Still Waiting On Your Tax Refund?
Still waiting on your tax refund? Unfortunately, you’re not alone. According to the National Taxpayer Advocate Service the IRS had a backlog of 35 million unprocessed returns as of last month. As a result, it’s taking a lot longer than the usual 21 days for...
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