This article was published by the IRS. The IRS Non-filer Sign-up Tool offers a free and easy way for eligible people who don't normally have to file taxes to provide the IRS the basic information needed - name, address, and Social Security numbers – to figure and issue advance child tax credit payments. Often, these are [...]
You may be wondering what advance Child Tax Credit (ACTC) payments are. ACTC payments are early payments of 50 percent of the estimated amount of the Child Tax Credit that you would normally claim on your 2021 tax return. If you're eligible and the IRS has processed your 2019 or 2020 tax return, your advance payment [...]
This article was published by the IRS. Employers who are filing Form 7200, Advance Payment of Employer Credits Due to COVID-19 should read the instructions carefully and take their time when completing this form to avoid mistakes. Using a reputable tax preparer – including certified public accountants, enrolled agents or other knowledgeable tax professionals – can also help [...]
This article was published by the IRS. During the summer many students focus on making money from a summer job. They may want to gain work experience, earn some spending money or help pay for college. Here are some facts all student workers should know about summer jobs and taxes. Not all the money they earn [...]
This article was published by the IRS. The IRS recently upgraded the Child Tax Credit Update Portal to enable families to update their bank account information so they can receive their monthly Child Tax Credit payment. The tool also allows families to unenroll from the advance payments if they don't want to receive them. The Update [...]
