Don’t Think You Have to File a Tax Return? You May Be Missing Out!
This article discusses the various reasons and resulting benefits available to you when you file a tax return, even if you are not required to.
Advance Child Tax Credit and EIP Must Be Reconciled on Your 2021 Return
Early in 2021, Congress passed the American Rescue Plan which included a provision that increased the child tax credit amount and upped the age limit of eligible children. Normally, the credit was $2,000 per eligible child under age 17. For the 2021 tax year, the American Rescue Plan increased the credit to $3,000 for each child under age 18 and to $3,600 for children under age 6 at the end of the year.
2021 Tax Forms You May Need
Your tax forms are coming soon. Make sure you receive everything you need for your 2021 return. What tax forms to expect when tax season comes. Your tax documents for the 2021 return should have arrived, or will soon.
Tax Benefits Available to Disabled Taxpayers
Disabled individuals, as well as parents of disabled children, may qualify for a number of tax credits and other tax benefits. Listed below are several tax credits and other benefits that are available if you or … Read More