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Child and Dependent Care Tax Credit Offers Benefits and Care for Caregivers

The Child and Dependent Care Tax Credit is a beneficial tax credit provided by the US government to assist families who have dependents that require…

The CTC’s Growing Up: Highlights and Overview of the Child Tax Credit and How the CTC Works

My, how these child tax credits grow! Filing your taxes in 2021, 2022, and 2023 are very different years. (Fingers crossed that the CTC gets…

You Filed Your Amended Tax Return. So Where’s Your Amended Refund?

I've never thought of doing my taxes a second time - kinda like how I never thought I'd go in for a second root canal.…

Section 1231 Property, How It Works, And Reporting Them On Your Taxes

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/1231.mp4"][/video] What is a Section 1231 Property? Section 1231 of the tax code provides guidance on the treatment of gains and losses…

How a 1099 Tax Calculator Adds Up to Big Savings for Contractors and Self-Employed Individuals

What is a 1099 Tax Calculator? If you're a freelancer, independent contractor, or vendor who isn't on an employer's payroll, you may receive a 1099…

Adoption Tax Credit and the Benefits of Qualified Adoption Expenses

Overview of Adoption Tax Benefits This credit seems pretty direct, but a lot of paperwork. Then again, if you're adopting a kid, the paperwork's not…

What Do I Do With an IRS Adjusted Refund Letter?

I must have been doing something right for years -- I've never heard of this Adjusted Refund letter. An Adjustment Notice is a letter sent…

I Got a 5071C Letter, Now What?

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2023/05/Understanding_Your_5071C_Letter1.mp4"][/video] When the IRS sends you a 5071C letter, that’s a request for you to verify your identity. You’re probably getting one…