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If you received the child tax credit payments during the year, the Internal Revenue Service (IRS) will send you a child tax credit letter. Don't throw the letter away. You'll need it to file your taxes in 2022. Read more: https://www.kgw.com/article/money/irs-letter-child-tax-credit/283-693173cd-0069-4aa9-b376-8935d23b0a79 Subscribe: https://www.youtube.com/c/KGWNews8 Watch the latest KGW newscast: https://www.kgw.com/watch Get the KGW app: https://kgw.com/appredirect
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You may be able to claim the child and dependent care credit if you paid expenses for the care of a qualifying individual to enable you (and your spouse, if filing a joint return) to work or actively look for work. Generally, you may not take this credit if your filing status is married filing separately. However, see What’s Your Filing Status? in Publication 503, Child and Dependent Care Expenses, which describes an exception for certain taxpayers living apart from their spouse and meeting other requirements.
Employers must report the amount of qualified sick leave wages and qualified family leave wages paid in 2021 to employees under the Families First Coronavirus Response Act, as amended by the American Rescue Plan Act of 2021, on either 2021 Forms W-2, box 14, or on a separate statement. This provides employees who are also self-employed with amounts they may need to figure their qualified sick leave equivalent or qualified family leave equivalent credits.
Whether you're a tax professional looking to help your clients or you are a taxpayer looking for your refund date, WebCE has provided this resource. Below is the estimated 2022 IRS tax refund schedule, showing the projected date you will likely receive your refund based on when you filed your tax return.
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While tax day is still a few months away, there are some things you should start thinking about now.
A report warns refunds may get delayed again
Some taxpayers may be surprised when the expanded Child Tax Credit shrinks their refund, tax experts say.
Normally, the tax-filing deadline is April 15, but this year that is when Emancipation Day will be observed in Washington, DC.
The IRS announced changes in the tax code Wednesday that will affect tax brackets, the standard deduction amount, and the Earned Income Tax Credit.
The national taxpayer advocate, in her annual report to Congress, cautioned that the 2022 tax season could be just as challenging as last year.
The IRS will begin accepting tax returns on Jan. 24, 2022. Here's what to know about filing taxes, unemployment claims and child tax credit payments.
The IRS is poised to begin accepting 2021 tax returns on Jan. 24.
Still waiting for last year’s tax refund? You might be waiting for this year’s, too.
According to the IRS, nearly $390 billion in third stimulus payments had been sent to Americans as of June 2021. Although most people received their third stimulus payment, some haven't. In March 2021, the IRS started issuing the third Economic Impact Payments (better known as stimulus payments)
There have been changes to the Child Tax Credit that will benefit many families as they receive advance payments starting in summer 2021. For details, visit:...
Important changes to the Child Tax Credit helped many families get advance payments of the credit:
Millions of Americans are hoping that a fourth stimulus check will arrive from the federal government to lessen the ravages of inflation in the midst of the COVID-19 virus, althoug