The $ 8,000 child tax credit that many parents may not know about

Most US families with children are familiar with the federal Child Tax Credit, given that parents of more than 60 million kids received enhanced payments in 2021. But there’s another tax benefit geared to parents that may be less well known than the CTC but that can be far more generous, providing up to $ … Read more

Monthly child tax credit payments have stopped, but families can still get the rest of the credit on tax returns

Katrena Ross started receiving $ 300 a month last July as part of the expanded monthly child tax credit payments. The Michigan mother of three, including a son with autism, used the money to pay for gas to drive her children to school and to feed them healthier food. “To a lot of people it … Read more

The $ 8,000 child tax credit that many parents may not know about

Most US families with children are familiar with the federal Child Tax Credit, given that parents of more than 60 million kids received enhanced payments in 2021. But there’s another tax benefit geared to parents that may be less well known than the CTC but that can be far more generous, providing up to $ … Read more

Backlog and severe understaffing at IRS portend delays this tax season: “It’s a huge headache”

The 2022 tax season crunch has officially begun, and Lori Reed, a small business owner from Fairfax, Virginia, is already at wit’s end. “It’s a huge headache,” she said. Until just days ago, she was working to remedy an issue with her 2019 taxes, trying to track down a refund check. She and her di … Read more

The IRS wants your selfie. ID.me CEO says don’t worry about it.

ID.me, the verification service that most US states turned to during the pandemic to confirm the identity of people applying for unemployment aid, attracted public scrutiny this month when it was revealed that the Internal Revenue Service would start requiring anyone wanting to check their tax information online to register for an account with the … Read more