12 Ways To Save On Taxes Through Life’s Transitions

There are ways to save on your taxes through life’s transitions. Here are 12 tax tips to help you save through major life events. CLICK ON THE HEADLINE FOR MORE

Child Tax Credit Calculator: Check How Much You’ll Get On August 13

If your July child tax credit check didn’t add up, use c/net’s calculator to crunch the numbers before the next monthly installment. CLICK ON THE HEADLINE FOR MORE

Unemployment Benefits Were Tax-Free In 2020. Don’t Expect That In 2021

It’s unlikely that lawmakers will decide to let those collecting jobless benefits in 2021 forego paying taxes. Anyone receiving those benefits now should plan to pay the IRS a portion of that money. CLICK ON THE HEADLINE FOR MORE

IRS Sending Out 4 Million Refunds To Taxpayers Who Overpaid On 2020 Unemployment Benefits

Many taxpayers had already filed their tax returns before the American Rescue Plan Act was excluded from taxable income. For taxpayers who overpaid due to the exclusion, the IRS will either refund the overpayment or apply it to any other outstanding taxes. CLICK ON THE HEADLINE FOR MORE

2021 Child Tax Credit: Why Some Families Are Opting Out

On July 15, the IRS will begin sending families monthly payments of up to $300, but some may have to repay. To avoid repaying the credit later, some families are opting out of the advance payments. CLICK ON THE HEADLINE FOR MORE