The imminent tax season, which starts Jan. 24, means parents should expect to get the rest of their child tax credit money soon. But that’s not all. An entirely different tax break, called the child and dependent care credit, has also been greatly expanded. Parents and caregivers could see a
Month: January 2022
A new stimulus check program just opened for applications and you had no idea
You don’t have to be a fortune-teller or an expert political strategist to figure out that no new stimulus checks are coming from the federal government anytime soon. The political dynamic is such that the votes in Congress just aren’t there for new checks right now. But having said that,
Filing Begins Jan 24th – Schedule Your Appointment Today
The IRS has announced that tax returns can be filed starting January 24, 2022. In order help you get your tax refund as quickly as possible, we are scheduling tax appointments today! We offer our clients: Fast Refunds Refund Advances Free E-Filing Drop-off Services Virtual Appointments Referral Awards – Refer
CTC and EIP Letters from the IRS
The IRS announced that it will issue information letters to Advance Child Tax Credit (CTC) recipients starting in December and to recipients of the third round of the Economic Impact Payments (EIP) at the end of January. Using this information when preparing a tax return can reduce errors and delays
Standard Mileage Rates for 2022
The IRS issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning Jan. 1, 2022, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 58.5 cents