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Advance Child Tax Credit

Important changes to the Child Tax Credit will help many families get advance payments of the credit starting this summer. The IRS will pay half the total credit amount in advance monthly payments beginning July 15. You will claim the…

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Are Donations to GoFundMe Tax-Deductible?

There has been no shortage of need during the pandemic, and to help meet it, friends, neighbors and customers have set up hundreds of thousands of crowdfunding campaigns. GoFundMe estimates that an American has started a Covid related fundraiser on…

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Advance Child Tax Credit Payments in 2021

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….

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