There have been important changes to the Child Tax Credit that will help many families receive advance payments starting this summer. The American Rescue Plan Act (ARPA) of 2021 expands the Child Tax Credit (CTC) for tax year 2021 only….
The IRS and Treasury Department will postpone the April 15 tax-filing deadline to May 17, the agencies announced Wednesday. “This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to…
The third round of stimulus checks will start hitting bank accounts for eligible Americans as soon as this weekend, the IRS said late Friday. “Following approval of the American Rescue Plan Act, the first batch of payments will be sent…