History of Child Tax Credit The child tax credit (CTC) was created in 1997. The CTC is essentially a federal grant program. It is estimated that more than 30 million households are eligible for the CTC that requires annual distributions of funds. The IRS is the only agency equipped to handle such a huge continuing […]
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Clever Ideas For What To Do With Your 2021 Tax Refund
Will 2021 be the year you save your tax refund for an emergency, or will you spend every last penny like the majority of Americans do? The Internal Revenue Service will let you directly deposit your refund money into three different types of accounts. You can have part of the refund sent to your checking […]
Continue ReadingHow To Use That Stimulus Money Sensibly
The third round of stimulus checks might be on the way very soon. There’s talk of a $1.9 TRILLION Covid-19 Relief Bill that President Biden and the Democrats are trying to get passed in Congress this week. The “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act” provided relief back in April of […]
Continue ReadingTax Season Fraud and Identity Theft
Founded by the Federal Trade Commission, Tax Identity Theft Awareness Week sets aside 5 days to encourage and educate taxpayers to protect their tax and personal identification information. As reports show, there was a staggering 400% increase in tax-related phishing attacks during the 2016 filing season. Therefore, it’s important that taxpayers are aware of the […]
Continue Reading2014 Tax Season and What You Need To Know
It’s a new year and many people are already anticipating the need to get their taxes in order, after all, April 15th comes pretty quick. For those who have done taxes in the past, history has shown that the folks in Washington are forever making changes to the tax laws. As with many years in […]
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