This article was published by the IRS. The IRS has a variety of resources to help members of the military, veterans, and their families navigate the unique and sometimes complex circumstances that come with filing taxes while in the military. Here's a list of some of the resources these taxpayers may find helpful: Tax Information for [...]
Are you wondering if you're eligible for advance Child Tax Credit (ACTC) Payments? You qualify for ACTC payments if you have a qualifying child. You don't need to have income, and you can qualify even if you don't normally file a tax return. Also, you - or your spouse, if married and filing a joint return [...]
This article was published by the IRS. Parents who share custody of their children should be aware of how the advance child tax credit payments are distributed. It is important to remember that these are advance payments of a tax credit that taxpayers expect to claim on their 2021 tax return. Understanding how the payments work [...]
The due date for personal income tax extensions is just around the corner. All those who filed Form 4868 to request an automatic six-month extension will need to file their taxes by October 15, 2021. Don't forget - the extension only applies to filing the tax return itself. It does not apply to any taxes owed. [...]
This article was published by the IRS. In general, an excise tax is a tax is imposed on the sale of specific goods or services, or on certain uses. Federal excise tax is usually imposed on the sale of things like fuel, airline tickets, heavy trucks and highway tractors, indoor tanning, tires, tobacco, and other goods [...]
