Taxpayers who aren’t eligible for the child tax credit should look into the credit for other dependents
[-- Read Time: < 1 min --] The credit for other dependents is a tax credit available to taxpayers for each of their qualifying dependents who can’t be claimed for the child tax credit. The maximum credit amount is $500 for each dependent who meets certain...
Still waiting on your tax refund?
[-- Read Time: 2 mins --] Still haven’t received your tax refund? Unfortunately, you’re not alone. According to the National Taxpayer Advocate Service the IRS had a backlog of 35 million unprocessed returns as of last month. As a result, it’s...
IRS announces ‘Dirty Dozen’ tax scams for 2021
[-- Read Time: 4 mins --] Americans urged to watch out for tax scams during the pandemic WASHINGTON – The Internal Revenue Service today began its “Dirty Dozen” list for 2021 with a warning for taxpayers, tax professionals and financial institutions to be on the...
Understanding the refund process
[-- Read Time: 2 mins --] Once your tax return has been filed and accepted, it’s only a matter of time before you start wondering how long it’s going to take to get your money. According to the IRS website, most refunds are issued within 21 days of...
How to handle a notice from the IRS
[-- Read Time: 2 mins --] As soon as you see a letter in the mail from the IRS you probably already start anticipating bad news. You may even put off opening it for a while because you’re scared of what they have to say. Relax, getting the issue resolved...
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