How Tax Refunds Affect Low-Income Households Differently
For many Americans, a tax refund is simply viewed as extra money or a yearly bonus. But for low-income households, tax refunds often play a much larger role. In many cases, a refund can mean…
What’s New in 2026 Tax Changes You Need to Know
Tax season doesn’t usually get people excited—but 2025 tax changes are different. Thanks to the One Big Beautiful Bill (OBBB), signed into law last year, this filing season introduces meaningful updates that could put more…
Midnight Tonight! IRS deadline to change income info for November 15 Child Tax Credit Payment
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…
Common Questions About the Child Tax Credit Payments
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…
Do you have to pay back the Child Tax Credit Payments?
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…
How does a taxpayer’s custody situation affect their advance child tax credit payments?
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…
New stimulus payments are less than a month away… here’s who gets the money
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…
How long will the child tax credit last?
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…
How A Taxpayer’s Custody Situation May Affect Their Advance Child Tax Credit Payments
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…
Should you file your taxes right away in 2021 or wait?
There are pros and cons to either filing your taxes now or holding off a few more weeks in terms of the proposal for $1,400 stimulus payments. As Democrats push forward with crafting the next…
Third stimulus payment: $1,400 or $3,600 per child? Why some are confused
Two items in the COVID relief package affect how much money the government will send parents to cover their children in 2021. Inside the COVID relief package that could be voted on by the full House as…
How Do You Determine When A Child Becomes A Separate Taxpayer
Most of the time, children are considered to be an extension of their parents when it comes to a legal application until the age of majority. Therefore, many taxpayers are surprised to learn their child…
2018 Tax Law Changes
Are you wondering how the new IRS tax law changes will affect you? Be prepared with need-to-know answers to all your tax reform questions. We’ve been keeping track of all the tax law changes so…