Tag Archive for: american rescue plan

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IRS Says You Can Still Claim One Type of Stimulus Money This Tax Filing Season

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The stimulus relief authorized by the American Rescue Plan Act that the IRS explained is still available in 2022 relates to a specific kind of tax credit that was expanded by the COVID-19 legislation. Taxpayers may still qualify for temporarily expanded eligibility of the Premium Tax Credit.
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Tax Benefits 2022: What Are The Benefits That Are Reversing The Tax Rules?

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To better understand how the main tax advantages will alter over the upcoming tax season, CLICK ON THE HEADLINE
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Child Tax Credit: Advocates Propose New Way To Expand Monthly Payments For Parents

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CTC legislation wasn't renewed in 2022, which means that eligible households have not received payments this year. The Center on Budget and Policy Priorities reported that making the expanded CTC permanent would reduce childhood poverty, but lawmakers haven't yet continued the expanded credit. To make up for the lack in federal benefits, CBPP policy analysts are urging state governments to create their own child tax credits. CLICK ON THE HEADLINE FOR MORE
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Stimulus Check Update: President Biden Feels Strongly About Providing This Stimulus Money In 2022

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President Biden just spoke about a wide range of issues including legislation he would like to see passed by Congress in 2022. He referred to both the Child Tax Credit and the Community College Plan as "massive things" but wasn't sure he'd be able to get either a credit extension or his community college plan into the Build Back Better legislation. CLICK ON THE HEADLINE FOR MORE
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Advance Child Tax Credit Payments Are Done, But You Might Still Be Owed More: Here’s How To Find Out

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With no deal to extend these temporary advance tax credit payments into 2022, American parents have likely received their last monthly Child Tax Credit payment. But there still may be money to claim this tax season. For everything you need to know about reporting your advance payments and how to claim the rest of the Child Tax Credit, CLICK ON THE HEADLINE
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Stimulus Update: If You Received This Letter, The IRS Wants Money Back

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According to the IRS, some of you may be asking for money that the agency doesn't think you should have. ...and it's fixing your tax return for you. CLICK ON THE HEADLINE FOR MORE