Tax Preparation and Consulting, Financial Counseling and Education
Browsing Tag
The Recovery Rebate Credit in your 2021 Tax Return is how you will reconcile the third stimlus payment or the third Economic Impact Payment as the IRS calls it. The third stimulus payment is not taxable, but it is included in the 2021 tax return to make sure taxpayers didn’t miss the payment either in …
Nearly every year there are changes to the tax code that impact tax return filing for individual taxpayers. There are several changes, mostly positive for 2021 tax returns. The big three are regarding: the Child Tax Credit, the Recovery Rebate Credit, and the Child and Dependent Care Credit. You can read about 5 tips for …