A lot has been said and written recently about the various credits put forth to counter the economic effects of the pandemic and how they affect parents’ tax liabilities.…
Read more about IRS Offers Guidance for Parents Who Share Custody
By most measures, 2021 is shaping up to be much better than 2020. The coronavirus appears to be less of a threat, the economy is beginning a comeback, and the American Rescue Plan is expanding some tax credits for parents and others with children.…
Read more about American Rescue Plan Expands Credits for 2021
A provision of the American Rescue Plan is being readied for action, targeting nearly 90 percent of American households with children to receive monthly payments of the Child Tax Credit.…
Read more about Many Families with Children to Get Monthly Payment of Refundable Child Tax Credit
The nation’s Taxpayer Advocate wants taxpayers to know there’s a downside to having too much of a good thing. In this case, it refers to making excessive or improper claims to qualify for a number of tax credits.…
Read more about TAS Warns of Ban for Improperly Claiming Some Credits
The IRS is continuing its taxpayer-education outreach by highlighting the Credit for Other Dependents in a recent press release.…
Read more about IRS Highlights the Credit for Other Dependents
