The CTC (Child Tax Credit) is intended to increase the income of parents or guardians of children and other dependents. It only applies to dependents under 17 years of age on the last...
This year tax returns are averaging about $185.00 less than last year's returns, according to the IRS. If you claimed one of following, the Child Tax Credit or the Additional...
Posted by Larry Kenneth Hurt on 02/10/2019
The closing dates for filing child tax credit is near and still you are nevertheless no longer prepared for it? It may be a completely stressful situation for you but if you work on...
Posted by Unifirst Financials & Tax Advisors on 04/20/2018
It is expensive to raise a child. And parents, many times, find it challenging to get the money to take care of their kids. Tax season, however, provides a chance for parents to recoup...
Posted by Accountable Solutions on 02/21/2020
If you want to claim the Child Tax Credit or the American Opportunity Credit (a tuition tax credit), you’ll need to provide additional documentation to your tax preparer. A...
Posted by R Pace Tax Service, LLC on 02/08/2017
What are Capital gains? These are profits from the sale of any kind capital asset, for example, a parcel of land, a business, shares of corporate stock or even a piece of art. Capital...
Posted by Amro Badran on 01/22/2016
Well, it’s no secret that a tax credit is worth more than a tax deduction. That is simply because the credit is a dollar for dollar offset to tax. Child Tax Credit actually allows...
Posted by Amro Badran on 01/22/2016
Filing tax returns is never easy and it becomes more tiresome if you are filing as a single mom. You may want to include as many as deductions and credits available in order to...
Posted by Amro Badran on 01/04/2016
Even military personnel have to pay their taxes. Having said that, military families have a few unique tax strategies that are not available to civilians. From these strategies, military...
Posted by Amro Badran on 11/30/2015
