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What You Need to Know About The Biden Stimulus Plan for Your Taxes

This article was updated on May 14, 2021. To help Americans facing hardship due to the covid-19 pandemic, a third economic relief package called the American Rescue Plan was signed into law on March 11, 2021. Certain provisions could have an immediate effect on your tax situation now or become a factor when you file your tax return next year. Here is a look […]

Everything You Need to Know About the 2021 Child Tax Credit

The American Rescue Plan expanded the Child Tax Credit (CTC) as well as changed some of the existing requirements for tax year 2021.   At a glance: Families can receive more money per qualifying child  The money will be sent in monthly payments unless the family opts to receive it in their 2021 tax refund  The credit is refundable  The IRS plans to […]