Knowing if you owe the IRS excess CTC payments

Advanced tax credits for children were based on 2020 tax returns, so divorced or unmarried parents who alternate claiming dependents may have received excess advance CTC payments if they do not claim...

Taxpayers must reconcile the Child Tax Credit (CTC)

Many Americans have been receiving advance payments for the child tax credit. As part of the US bailout package enacted in March 2021, the amount of the credit was increased and eligibility was...

Taxes 2022 : important changes to be aware of

Tax season is upon us and there are a few key changes in 2022 - including this year’s deadline - but most are largely a result of pandemic-era tax legislation. «The pandemic dramatically altered...