Soon after taking office in 2021, President Joe Biden signed into law the $1.9 trillion American Rescue Plan Act. For the 2021 tax year, that aid package upped the $2,000 child tax credit to $3,000 per dependent ages 6 to 17, and from $2,000 to $3,600 for children age 5 or younger. Instead of having parents […]
Read MoreThe tax year 2021 filing season is here and in the wake of the pandemic, there are different forms of tax relief and provisions that were either extended, expanded, or are new this season. Americans are also faced with a multitude of life changes that all have an impact on their 2021 taxes. For example, […]
Read MoreOver 36 million families got their sixth—and final—monthly child tax credit advance back in December. Those checks were a temporary measure that was provided by the $1.9 trillion American Rescue Plan that President Joe Biden signed into law in March 2021. For one year, the economic aid package upped the child tax credit from $2,000 […]
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