Income-tax
Latest
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COVID-19 Home Test Kits and PPE are Tax Deductible
Tax Breaks You can also pay for home testing kits and personal protective equipment with FSA and HSA funds.
By Rocky Mengle Published
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I Have Shared Custody of My Child: Should I Get Monthly Child Tax Credit Payments?
Tax Breaks Which parent receives monthly child tax credit payments depends on your most recent tax return. Plus, some parents who are receiving payments should opt-out of them.
By Rocky Mengle Published
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How to Change Your Address for Monthly Child Tax Credit Payments
Tax Breaks If you're receiving paper checks in the mail for your child tax credit payment, you can use the IRS's online portal to update your address.
By Rocky Mengle Published
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Child Tax Credit Payment Schedule for 2021
Tax Breaks The IRS sent six monthly child tax credit payments in 2021. Will they send any more in 2022?
By Rocky Mengle Published
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Child Tax Credit Payment: Some Parents to Receive Paper Checks Instead of Direct Deposit Payments
Tax Breaks Families who received their July child tax credit payment by direct deposit might get their August payment by mail.
By Rocky Mengle Published
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Will U.S. Olympic Athletes Get Hit with a Tax Bill if They Win in Tokyo?
Tax Breaks Thanks to a law passed in 2016, our medal-winning athletes will have little to worry about from the IRS.
By William Neilson Published
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Will Monthly Child Tax Credit Payments Lower Your Tax Refund or Raise Your Tax Bill?
Tax Breaks Everyone loves receiving large sums of money from Uncle Sam. But people who take advance child tax payments may take a hit on next year's tax refund.
By William Neilson Published
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IRS Extends Tax Deadlines for Michigan Storm Victims
tax deadline Following FEMA's recent disaster declaration for severe storms, flooding and tornadoes in Michigan, impacted taxpayers get more time to file and pay certain federal taxes.
By William Neilson Published
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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
Tax Breaks