Important changes to the Child Tax Credit will help many families get advance payments of the credit starting this summer. The IRS will pay half the total credit amount in advance monthly payments beginning July 15. You will claim the other half when you file your 2021 income tax return. These changes apply to tax…
Find out the important changes to the Child Tax Credit that will start in summer of 2021.
Your filing status is one of the most basic pieces of information when it comes to taxes. It determines the amount of taxes you pay, the credits you can claim, and your standard deduction amount, among other things. Generally speaking, your filing status depends on whether you are single or married on December 31. That…
The deadline to file and pay your taxes was July 15. If you filed on time, great! You’ll avoid penalties and interest. However, there are some other things you may need to do. From checking the status of your refund to determining if you have to amend your tax return, we’ve got you covered. Read…
Tax returns are due today, July 15. If you already filed and paid your taxes, then you are probably expecting a refund. In that case, keep reading to discover some facts you should keep in mind. Where’s My Refund? The best alternatives to check the status of your refund are the Where’s My Refund? tool…
July 15, the deadline to file and pay your federal taxes is approaching, so this is the right time to take steps to prepare your taxes if you haven’t done so yet. As you may remember, the original deadline was set for April 15, but it was moved as a way to offer relief to…
Tax day is July 15, in exactly two weeks. Circumstances this year have been difficult to say the least, so a lot of people may not be ready to file or pay their taxes just yet. Read on to discover what are the alternatives available in each situation. Request an Extension to file People who…