American Rescue Plan Archives - Page 2 of 2

IRS Sending Letters to More Than 36 Million Families Who May Qualify for Monthly Child Tax Credits
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IRS Sending Letters to More Than 36 Million Families Who May Qualify for Monthly Child Tax Credits

Child Tax Credit, Coronavirus, IRS, Personal Taxes, Tax Credits, Tax Law Changes, Tax Relief, Tax Tips, Taxes

IRS Sending Letters to More Than 36 Million Families Who May Qualify for Monthly Child Tax Credits

This article was published by the IRS. The Internal Revenue Service has started sending letters to more than 36 million American families who, based on tax returns filed with the agency, may be eligible to receive monthly Child Tax Credit payments starting in July. The expanded and newly-advanceable Child Tax Credit was authorized by the American [...]

IRS to Recalculate Taxes on Unemployment Benefits; Refunds to Start in May
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IRS to Recalculate Taxes on Unemployment Benefits; Refunds to Start in May

Coronavirus, IRS, Personal Taxes, Planning Strategies, Tax Credits, Tax Law Changes, Tax Refunds, Tax Relief, Tax Tips, Taxes

IRS to Recalculate Taxes on Unemployment Benefits; Refunds to Start in May

This article was published by the IRS. To help taxpayers, the Internal Revenue Service has announced that it will take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent changes made by the American Rescue Plan. The legislation, signed on March 11, allows [...]