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Families can now report income changes using the Child Tax Credit Update Portal

The IRS recently launched a new feature in its Child Tax Credit Update Portal, allowing families receiving monthly advance child tax credit payments to update their income. Families should enter changes by November 29, so the changes are reflected...

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  • November 11, 2021

Taxpayers who aren’t eligible for the child tax credit should look into the credit for other dependents

The credit for other dependents is a tax credit available to taxpayers for each of their qualifying dependents who can’t be claimed for the child tax credit. The maximum credit amount is $500 for each dependent who meets certain...

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  • September 29, 2021

Highlights from National Small Business Week 2021

The IRS continues to provide materials and information to help small business owners and self-employed individuals comply with filing and paying requirements. Here’s a recap of key topics covered in IRS messages during National Small Business Week. Small businesses...

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  • September 22, 2021

Common questions about the advance child tax credit payments

The advance child tax credit allows qualifying families to receive early payments of the tax credit many people may claim on their 2021 tax return during the 2022 tax filing season. The IRS will disburse these advance payments monthly...

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  • August 18, 2021

IRS: Families now receiving August Child Tax Credit payments; still time for low-income families to sign up

WASHINGTON — The Internal Revenue Service and the Treasury Department announced today that millions of American families are now receiving their advance Child Tax Credit (CTC) payment for the month of August as direct deposits begin posting in bank...

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  • August 17, 2021

IRS online tool helps families see if they qualify for the Child Tax Credit; one of three tools now available for the upcoming advance payments

WASHINGTON — The Treasury Department and the Internal Revenue Service today urged families to take advantage of a special online tool that can help them determine whether they qualify for the Child Tax Credit and the special monthly advance...

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  • July 1, 2021

IRS, Treasury Announce Families of 88% of Children in the U.S. to Automatically Receive Monthly Payment of Refundable Child Tax Credit

WASHINGTON – The Internal Revenue Service and the U.S. Department of the Treasury announced today that the first monthly payment of the expanded and newly-advanceable Child Tax Credit (CTC) from the American Rescue Plan will be made on July...

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  • May 17, 2021

Here are reasons people should file a 2019 tax return; Economic Impact Payment, tax credits available for some

While many people are required to file a tax return, it’s a good idea for everyone to determine if they should file. Some people with low income are not required to file but will need to do so to...

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  • July 1, 2020

Child Tax Credit and Credit for Other Dependents

Inside This Issue Here is a video tax tip from the IRS:  Child Tax Credit and Credit for Other Dependents English | Spanish Subscribe today: The IRS YouTube channels provide short, informative videos on various tax related topics in...

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  • October 30, 2019

Tax reform publication translated into different languages

Taxpayers who filed an extension can find resources on IRS.gov that can help them file their tax return. One of these resources is Publication 5307, Tax Reform Basics for Individuals and Families. This publication is now available in several...

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  • October 11, 2019

Here’s how the credit for other dependents can benefit taxpayers

Taxpayers with dependents may qualify to claim a few different tax credits. One of these is the child tax credit. The child tax credit benefits people whose dependent meets a series of tests. If the dependent doesn’t meet those...

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  • October 10, 2019

Year-round tax planning includes reviewing eligibility for credits and deductions

Tax credits and deductions can mean more money in a taxpayer’s pocket. Most people only think about this when they file their tax return. However, thinking about it now can help make filing easier next year. This tip is...

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  • July 31, 2019

Updated Withholding Calculator Reflects Changes in New Tax Law

To help taxpayers, the IRS updated the special Withholding Calculator tool on IRS.gov to reflect changes in the Tax Cuts and Jobs Act passed in December. With most employees seeing withholding changes in their paychecks, the IRS recommends taxpayers...

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  • March 26, 2018

These Tax Credits Can Mean a Refund for Individual Taxpayers

Taxpayers who are not required to file a tax return may want to do so. They might be eligible for a tax refund and don’t even know it. Some taxpayers might qualify for a tax credit that can result...

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  • January 31, 2018

Recently Passed Law to Delay Certain Refunds in 2017

On December 18, 2015, President Obama signed into law the Protecting Americans from Tax Hikes Act of 2015 (i.e. the PATH Act). The provisions of this law will have major implications for taxpayers claiming both the Additional Child Tax...

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  • May 17, 2016

Six Tips on Whether to File a 2015 Tax Return

Most people file a tax return because they have to, but even if you don’t, there are times when you should. You may be eligible for a tax refund and not know it. Here are six tips to help...

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  • January 24, 2016

Frivolous Tax Arguments Completes the IRS “Dirty Dozen” List of Tax Scams for the 2015 Filing Season

WASHINGTON – The Internal Revenue Service today wrapped up its 2015 “Dirty Dozen” tax scams list by warning taxpayers against using frivolous tax arguments to avoid paying their taxes. The IRS today also released the 2015 version of “The...

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  • February 12, 2015

Six Tips on Who Should File a 2014 Tax Return

Most people file their tax return because they have to, but even if you don’t, there are times when you should. You may be eligible for a tax refund and not know it. This year, there are a few...

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  • January 22, 2015

Eight Tax Savers for Parents

Your children may help you qualify for valuable tax benefits. Here are eight tax benefits parents should look out for when filing their federal tax returns this year. 1. Dependents. In most cases, you can claim your child as...

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  • February 11, 2014

Eight Tax Benefits for Parents

Your children may help you qualify for valuable tax benefits, such as certain credits and deductions. If you are a parent, here are eight benefits you shouldn’t miss when filing taxes this year. 1. Dependents. In most cases, you...

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  • February 12, 2013