Congress has passed several economic relief measures to support people through the COVID-19 pandemic. Because of these new laws, this tax season comes with many important changes. Here’s what you need to know to get the most out of your tax refund this year.
If you didn’t get your first or second stimulus check, don’t worry — you can still claim the payment in 2021 as a tax credit. The stimulus checks are a federal tax credit for the 2020 tax year, known as the Recovery Rebate Credit. You can claim the Recovery Rebate Credit by filing a tax return...
Now that the new tax season is quickly approaching, we wanted to offer some resources to help you hone your outreach strategies for the new year. In this webinar, we explore how to use recent Child Tax Credit (CTC) data and apply it to your outreach next tax season and beyond. We focus on...
These are the income guidelines and credit amounts to claim the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) when you file your taxes in 2022. Earned Income Tax Credit Amounts Number of Children: Single workers with income less than: Married workers with income less than: EITC up to: None $21,430 $27,380...
On March 11, 2021, President Biden signed the American Rescue Plan Act, which includes a third round of stimulus checks. The payments are an advance of a temporary credit for 2021 (which you file taxes for in 2022).
Congress approved legislation for continued COVID relief that includes a second round of stimulus checks. The payment is worth up to $600 for each adult and each qualifying child dependent in the household. For example, a family of four would receive up to $2,400.
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