Planning to tackle your own tax returns in April? It may seem like a good idea for individual taxpayers, but mistakes happen — and they can be expensive. Even the best tax software can’t eliminate potential human error. If you’re preparing to file your own return, take a second (or third) look to be sure […]
Archives for December 2021
Child Tax Credit Confusion: Use IRS Tools to Set the Record Straight
To help working parents overcome the financial challenges brought on by the pandemic, the American Rescue Plan expanded the Child Tax Credit (CTC) to provide relief to more families than ever before. For tax year 2021, the CTC increased from $2,000 per qualifying child to: $3,600 for children ages five and under at the end […]