Receiving advance Child Tax Credit payments last year means you should have received IRS Letter 6419. This letter outlines the total payments issued and indicates […]
Child tax credit
Child Tax Credit vs. ACTC: How to Maximize Both Credits on Your Tax Return
For families, tax season often brings a blend of anticipation and uncertainty. Among the many deductions and credits available, the Child Tax Credit (CTC) remains […]
Puerto Rico Families Gain Full Access to Child Tax Credit in 2022
Since its inception in 1997, the Child Tax Credit has served as a financial relief mechanism for families across the United States. However, for residents […]
Understanding the Impact of 2021 Child Tax Credit Payments on Your Tax Return
In 2021, millions of American taxpayers began receiving advance payments for the Child Tax Credit as part of the economic relief efforts enacted under the […]
Understanding the 2018 Child Tax Credit Expansion: What Parents Need to Know
The 2018 tax reform brought sweeping changes to the federal tax code, significantly impacting how families claim benefits for raising children. Among these changes, updates […]
Tax Benefits for Newborn Parents: How to Save Money on Childcare Costs
Bringing a newborn into your family is an exciting milestone, but it also comes with significant financial challenges. From purchasing diapers and baby supplies to […]
Understanding the Difference Between the Child Tax Credit and Additional Child Tax Credit
Understanding the difference between the Child Tax Credit (CTC) and the Additional Child Tax Credit (ACTC) is essential for families looking to optimize their tax […]
Child Tax Credit Payments Launch July 15: How Much You’ll Get and When
The American Rescue Plan, enacted in March 2021, brought transformative updates to the Child Tax Credit for the 2021 tax year. One of the most […]
Understanding the 2018 Child Tax Credit Changes Under Tax Reform
Tax credits are important tools that can significantly reduce the amount of tax a person owes. Unlike deductions that reduce taxable income, tax credits directly […]
Understanding the Child Tax Credit and Additional Child Tax Credit
Tax credits aimed at families with children can significantly affect the amount of taxes owed or the size of a refund. Two of the most […]
Separating Fact From Fiction: Child Tax Credit Monthly Payment Myths
The enhanced Child Tax Credit introduced in 2021 under the American Rescue Plan aimed to provide direct financial support to millions of American families. On […]
Child Tax Credit vs. Additional Child Tax Credit: What’s the Real Difference?
When filing taxes as a parent or guardian, one of the most valuable credits you may encounter is the Child Tax Credit. For many families, […]
Understanding the Child Tax Credit (CTC)
The Child Tax Credit is a significant federal tax benefit designed to assist families with the financial responsibility of raising children. It provides eligible taxpayers […]
Tax Perks for New Parents: What You Can Claim
Welcoming a new baby into your life is a joyful and life-changing experience. Along with that joy, however, comes a wave of new responsibilities, not […]