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Will You Have to Pay Back Your Child Tax Credit Payments?
Tax Breaks If you got too much in monthly child tax credit payments last year, you might have to repay some (or all) of the money when you file your tax return this year.
By Rocky Mengle Published
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Should You Be Getting Monthly Payments for Your Kids? Check the IRS's Child Tax Credit Portal
Tax Breaks The IRS has an online tool that will help you track and manage your monthly child tax credit payments (although it's not fully functional yet).
By Rocky Mengle Published
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How Is Cryptocurrency Taxed? Here's What You Need to Know
capital gains tax If you think the lack of government oversight means that cryptocurrency is not taxed, you're in for a big surprise.
By Riley Adams Published
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Who's Not Eligible for Child Tax Credit Payments (It May Explain Why You're Not Getting Them)
Tax Breaks The IRS has sent two rounds of child tax credit payments so far. Here's why some families haven't received any monthly payments.
By Rocky Mengle Published
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How and When to Opt-Out of Monthly Child Tax Credit Payments
Tax Breaks If you want to stop advance payments of the 2021 child tax credit, you can opt-out using the IRS's online portal before the monthly deadline.
By Rocky Mengle Published
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IRS Plans to Track Down Tax Cheats
taxes The proposal targets high-income taxpayers, but enforcement wouldn’t be limited to the top 1%.
By Sandra Block Published
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8 Ways You Might Be Cheating on Your Taxes
taxes Don't cross the line when it comes to your taxes. Avoid these common traps that can get you in hot water with the IRS.
By Rocky Mengle Published
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How to Get Child Tax Credit Payments if You Don't File a Tax Return
Tax Breaks Child tax credit payments are generally based on information from 2020 or 2019 returns, but non-filers can still get payments. The easiest way is to use the IRS's newest online tool.
By Joy Taylor Published
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IRS Extends Tax Deadlines for Louisiana Storm Victims
Tax Breaks Following FEMA's recent disaster declaration for severe storms and flooding Louisiana, impacted taxpayers get more time to file and pay certain federal taxes.
By Rocky Mengle Published
Tax Breaks