Child Tax Credit Payments Start July 15th
Reading Time: 2 minutes Starting July 15th, families with qualifying dependents will begin receiving advance monthly payments of the Child Tax Credit. You’ll receive half of your estimated credit between July and December, then the rest when you file your tax return...
Understanding the Refund Process
Reading Time: 2 minutes Once your tax return has been filed and accepted, it’s only a matter of time before you start wondering how long it’s going to take to get your money. According to the IRS website, most refunds are issued within 21 days of...
What Happens if You Missed the Tax Deadline?
Reading Time: 2 minutes So, Tax Day came and went, and you still haven’t filed, huh? Well brace yourself because you may have some expensive repercussions heading your way. If you owe the IRS and missed the tax deadline, you’ll be penalized for failing to file and...
Refunds for $10,200 Unemployment Tax Break Start in May
Reading Time: 2 minutes Normally when you receive unemployment compensation the full amount is considered taxable income, but the rules are different this year. The American Rescue Plan included a new unemployment compensation exclusion to give recipients a...
What to Know About Coronavirus Unemployment Benefits
Reading Time: 3 minutes The latest relief bill has expanded the unemployment benefits for millions of Americans who have been out of work since the pandemic began. Self-employed workers and independent contractors don’t qualify for traditional unemployment benefits,...
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