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Jul 18, 2024$300 Child Tax Credit (CTC) payment really happening?
Tax experts and the IRS indicate no $300 Child Tax Credit (CTC) payment is slated for implementation in July 2024.
Manisha HansrajJan 15, 2021What’s New for the 2020 Tax Year?
Here’s the breakdown of all the changes. Standard deduction For the 2020 tax year, the standard deduction amounts have increased. Here are the amounts below. For taxpayers who are blind or at least 65 years old, they can claim an additional standard deduction. The standard deduction is $1,300 and $1,650 for the single or head […]
Manisha HansrajDec 18, 2020Understanding Joe Biden’s Tax Plan
Many Americans want to know how our future president’s tax plan will affect them. Biden’s tax plan will affect wealthier Americans, corporations, and everyday individual taxpayers. He also plans on making significant tax revisions on Trump’s previous tax plan which took place in 2017. Skip the tax jargon by taking a look at this quick […]
Manisha HansrajNov 5, 2018Prepare for the 2019 Tax Season!
2018 is coming to an end. It seems like the year went by so quickly. Now, are you ready for the new tax season? The 2019 tax season brings in a variety of changes that will ultimately affect how you file and Form 1040. Read below to find out what you need to know before filing your […]
Manisha HansrajAug 21, 201811 Tax Tips For Your Back-to-School Use!
Education is expensive, so here’s some helpful tips! Get your tax break from claiming your kids. Don’t forget to claim up to $1,000 for the Child Tax Credit. (Your child must be under 17, live more than half the year with you, a dependent on your tax return, be directly related to you, a U.S. […]
Manisha HansrajJul 23, 2018The Child Tax Credit & Additional Child Tax Credit Changes for 2018!
Let your kids treat you by giving you the tax break you deserve. Typically, for the prior tax years, (including the tax year 2017) you can receive up to $1,000 per qualifying child for the Child Tax Credit (CTC). You may even get the Additional Child Tax Credit (ACTC) which is a refundable credit that you […]
Divya HansrajJun 16, 2017How do I Qualify for the Child Tax Credit?
Oh, the joys of having children! Today, it is difficult for parenthood to have its rewards. Children want us to buy them the most expensive toys and clothing and that spending can sometimes feel fruitless. As with struggling to finish a marathon, we strive, hoping there will be a light at the end of the […]
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