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Child Tax Credit: Advocates Propose New Way To Expand Monthly Payments For Parents

May 2, 2022

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

Everything You Need To Know About When To File Your 2021 Tax Return With The IRS

January 17, 2022

For many, returns will be more complex because of job or residency changes, stimulus payments, child tax credits, unemployment insurance claims or other COVID-driven factors. This year, however, the IRS is getting closer to its typical due date. For what you need to know about filing your 2021 tax return, CLICK ON THE HEADLINE

Recent Posts

When To Worry If Your Tax Refund Is DelayedApril 22, 2024 - 6:55 pm
The IRS used some of its $80 billion in funding from the Inflation Reduction Act to hire thousands of new employees and improve its automated systems, which reduced the backlog significantly. But some returns can still take a while to process. If you’re still waiting for your tax refund, there is some information you need to know.
Can’t Pay Or File Your Taxes By April 15? Here’s What Happens If You Missed Monday’s DeadlineApril 15, 2024 - 9:35 pm
Failing to file on time when you still owe taxes will subject you to a failure-to-file penalty, which is based on how late your return is and the amount of your unpaid tax . You will also be hit with a failure-to-pay penalty. The good news is you still have time to rectify those situations before you’re penalized.
Four Must-Dos Before Tax Season Wraps UpApril 8, 2024 - 8:39 pm
It’s gratifying to close the books on tax season. But before you do, there are just few things you might want to take care of while you’re still on the tax zone.
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Student Loan Forgiveness Email Scams: How To Detect It And Avoid It?March 18, 2024 - 9:07 pm
From suspicious calls to deceptive emails and text messages, student loan forgiveness scams can come in various forms. There are ways, however, you can identify and avoid these scams along with steps to take if you believe you’ve been targeted.
Answers To 15 Common Tax QuestionsMarch 11, 2024 - 9:11 pm
This is the time of the year people are searching for free tax help they can trust, trying to squeeze out more valuable deductions, hoping to avoid penalties or audits, eagerly awaiting their refunds or wanting to make sure they aren’t victims of tax scams. Read on for answers to the most common tax questions.
2024 Tax Refund Schedule: When Will You Get Your Payments This Tax Season?March 4, 2024 - 8:48 pm
The IRS has been processing tax returns more quickly this year. It’s important to note, however, that the IRS Tax Refund Schedule 2024 lists additional conditions that may affect the timing of tax refunds, including how quickly you submit and whether you are seeking certain credits.

Tag Archive for: child tax credits

Child Tax Credit: Advocates Propose New Way To Expand Monthly Payments For Parents

Everything You Need To Know About When To File Your 2021 Tax Return With The IRS

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