Tag Archives: Credits

Individual Tax Resources, Tax Tips, Tax Updates

Advance Child Tax Credit: Should You Opt-Out?

Posted on by Walker Glantz
advanced child tax credit
28
Jun

The American Rescue Plan Act (ARPA) included a provision that allows for the IRS to begin making advanced payments of the Child Tax Credit next month. This credit, up to $3,600 per child under the age of 6 and $3,000 per children ages 6 to 17, is typically received as a credit applied against your […]

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Individual Tax Resources, Tax Tips

Child Related Tax Benefits For Reducing Your Tax Burden

Posted on by Walker Glantz

Being a parent can have its benefits. This is especially so during tax time. No, your kids will probably not help you sort through your tax receipts, but you can certainly claim some child-related tax benefits when you file your federal tax returns. Some of these benefits include: Claiming the Child as a Dependent: Parents […]

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