Every filing season, millions of taxpayers ask the same question:“If the Child Tax Credit is $2,200, why am I only getting $1,700 back?” This confusion happens every single year, and in 2026 it will be…
Every year, early filers are shocked when they learn that even the portion of their refund unrelated to the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC) is still being held.…
For millions of parents, the $2,200 Child Tax Credit (CTC) is one of the biggest refund boosters in 2026. But here’s the surprise most taxpayers don’t realize: if you file early in January and claim…
What Parents Need to Know for the 2025 Return / 2026 Refund Season With recent changes to tax policy, the Child Tax Credit (CTC) for qualifying children has been increased to $2,200 per dependent. This…
How Form 1040-X Can Help You Recover a Refund You Should Have Received Every year, thousands of taxpayers file their returns only to later discover that they missed out on part—or even all—of the Child…
A Complete Guide to the New $2,200 Credit, the $1,700 Refundable Portion, and How to Maximize Your Benefit The Child Tax Credit (CTC) continues to be one of the most important tax benefits for American…
Tax season is here again, and if you’re a parent, you’re probably wondering what’s happening with the Child Tax Credit (CTC) in 2026. Whether you’re filing early in January or waiting until the April deadline,…
The Internal Revenue Service and the Treasury Department announced today that millions of American families will soon receive their final advance Child Tax Credit (CTC) payment for the month of December. Eligible families who did…
The Internal Revenue Service (IRS) is preparing for the sixth and final batch of monthly child tax credit payments. The first five payments were sent between July 15 to November 15, while the last payment is scheduled for December…
The Internal Revenue Service and the Treasury Department announced today that millions of American families will soon receive their advance Child Tax Credit (CTC) payment for the month of November. Low-income families who are not…
The Internal Revenue Service today updated frequently-asked-questions (FAQs) for the 2021 Child Tax Credit and Advance Child Tax Credit Payments to describe how taxpayers can now provide the IRS an estimate of your 2021 income using the Child…
The next round of the advance child tax credit is set for Nov. 15. But if you’re worried that you’re getting too much or too little money, well, the IRS is asking that some people…
The Child Tax Credit continues to be one of the most valuable tax benefits for families, especially during years when monthly advance payments are available. But many parents are still unsure how eligibility works, when…
The IRS is now making monthly child tax credit payments to eligible families. Depending on the age of your child, those payments can be as much as $300-per-kid each month from July to December. That’s an…
The Advance Child Tax Credit payments were based on the IRS records from the most recent tax return on file. This means the parent who claimed the child last year may have received the monthly…
It’s almost time for the fourth batch of monthly child tax credit payments. The first three payments were sent on July 15, August 13, and September 15, while the next payment is scheduled for October 15 – that’s…
The IRS began issuing advance payments of the Child Tax Credit (CTC) in mid-July. Similar to certain other credits with an advance payment option, taxpayers who receive these advance payments will have to reconcile the total amount received on their…
Stimulus payments are being sent out by the federal government this fall. The next payment is scheduled to be delivered in about three weeks. The payments are part of the American Rescue Plan that President Joe…
After parents were issued their child tax credit check on Sept. 15, they’ll have three more monthly payments this year and one next year. Due to changes made in the American Rescue Plan to help families, households…
When Custody Changes, So Do The Payments Advance Child Tax Credit payments were based on the most recent tax return the IRS had on file. But custody situations change, and many families discover that whoever…
The Internal Revenue Service added a new feature to its online portal for the Child Tax Credit allowing parents to update the mailing address where they should receive the monthly payments. The new feature will enable…
The IRS has provided instructions for returning advance child tax credit payments (CTCs) that the recipient did not qualify for or, for other reasons, wishes to return. Because of one or more of the following…
We know changes to your taxes can be confusing and difficult to navigate at the best of times, and the coronavirus pandemic has only added more uncertainty. But there’s no need to stress — we’ve…
IRS clarified how individuals who are not otherwise required to file 2020 federal income tax returns can claim advance child tax credit (CTC) payments as well as stimulus payments (i.e., third-round economic impact payments, 2020…
This week, Congress will start working on a stimulus package proposed by President Biden. The relief bill will likely include a stimulus check worth $1,400 that will go out to millions of Americans, but that’s not the…
Important Updates Every Taxpayer With Children Should Understand The Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) are two of the most significant tax benefits available to working families. Because these credits…
Understanding Dependent Rules for Newborns and Refundable Credits If your baby was born during the current tax year, you may be able to claim your child as a dependent on your tax return, even if…
Here’s Why Millions of Early Filers Will Wait Longer If you claim the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC), expect your tax refund to be delayed again next year.…