Child Tax Credit

Since the outbreak of the pandemic, Americans have received three stimulus checks, but they have not received another since early 2021, according to government data. The new Child Tax Credit Act provides families with additional stimulus…

As a result of the child tax credit you've been receiving throughout the last year, your tax refund may be smaller when you file your taxes in the spring. What's happening: According to CNN, many parents who received the child tax credit…

Taxpayers who received advance child tax credit payments this year will need to report those payments on their 2022 tax returns. In some cases, they might need to repay the IRS if their payments exceeded the CTC amount they can claim on…

"If I can't go home and explain it to the people of West Virginia, I can't vote for it. And I cannot vote to continue with this piece of legislation, I just can't. I've tried everything humanly possible. I can't get there."Manchin told Fox…

By the end of December 2021, about 36 million families who received child tax credit (CTC) final advance payment might be disturbed about the fate of the credit if President Joe Biden's does not get Senate's approval for his Build Back…

Eligible Americans who received the Child Tax Credit which the government began paying in July 2021 have been sent letters by the Internal Revenue Service. According to CPA Practice Advisor, the letter is meant to be kept in order to help…

During the payment of the child tax credit to more than 36 million families, some families may have been overpaid or received the money not meant for them. These families will have to pay back. While President Joe Biden waits awaits the…

There seems to be an end in sight for the stalemate on the approval of President Joe Biden's request for the Senate to pass his economic spending plan as Senator Joe Manchin who had criticized the bill demands some modifications. Biden had…

If you have not been receiving the Child Tax Credit despite being eligible, the first place to check is the Internal Revenue Service portal. Once log in you will be able to see the list of payments and how much you should have received. If…

Even if the most recent version of the $1.75 trillion social and environmental plan passes, the child tax credit will likely be reduced significantly by mid-decade, according to experts. If Congress does not act, the value of the tax break…