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
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
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
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
Three-quarters of all Americans get an annual tax refund from the IRS, which often is a family’s biggest check of the year. But with this tax season now open, taxpayers could see a repeat of last year’s snarls in processing, when about 30 million taxpayers had their returns – and refunds – held up by … Read more
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