It’s Tax Time, are you ready to file your 2016 tax returns? This is that time of year where you either got it together or you are under the gun. Either way, here are some tax tips that will make tax preparation easier for you when you visit your tax preparer.
Should You Opt Out of the Advance Child Tax Credit?
If you have children under the age of 18, by now you likely have gotten your first advance child tax credit payment, either by check or by direct deposit. Be aware, this is money you would have gotten credit for on your 2021 tax return when you file it next year anyway. You are just receiving it in advance, meaning you may not get as much as expected when you file your tax return.