Are You Wondering When Can You File Taxes in 2020?
Now, anyone can get started with early online tax filing and get a head-start on their tax refund. TurboTax and H&R Block will both securely hold and then submit customers’ tax return to the IRS as soon as they begin accepting returns.
There is no … Read the rest
Do you have children or any other dependents in your household? Then the chances are you’ll be eligible to claim the Child Tax Credit.
For the new tax year, this credit is worth up to $2,000. If you qualify, it will reduce your overall income tax bill due to the Federal government.
You may have … Read the rest
Do you have one or more children who are under 17 living with you throughout the year? Then you may be able to get a big refund through the Child Tax Credit on your tax return this coming tax year.
If you can’t get this credit, then you could get the Additional Child Tax Credit … Read the rest
As with any tax credit, refund or deduction, there are a few rules that will influence the amount that eligible applicants will receive.
Here is a breakdown of everything you need to know about the Child Tax Credit and Additional Child Tax Credit
How Much do You Get Back in Taxes for a Child?
The … Read the rest
The Additional Child Tax Credit is an important tax credit that every parent should be aware of.
But what you must keep in mind is that sometimes you can’t take advantage of the Child Tax Credit because the value of the credit is more than you owe in income tax. If you can’t benefit from … Read the rest