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Family and Taxes

Reporting your Child’s Capital Gains and Dividends on Your Taxes: Form 8814

Little Timmy's investments actually paid off? Congrats! Here's how to put your kiddo's income on your joint tax return. Are you the custodial parent of…


Everything to Know About IRS Code 766

IRS Code 766 serves as a crucial guidepost in the realm of tax transcripts and credits. Understanding the implications of this code empowers taxpayers to…


The Expanded Child Tax Credit

Important Information About the 2021 Child Tax Credit: Advance Payments, Online Tools, & More Thanks to recent temporary changes to the federal Child Tax Credit…


Child Tax Credit Faqs

Answers to Frequently Asked Questions About the 2021 Child Tax Credit & Advance Child Tax Credit Payments The Child Tax Credit (CTC) is a federal…


Taxable vs. Non-Taxable Income

What Types of Income Are Subject to Tax? Are you trying to determine whether or not all of your income is taxable? While the IRS…


Refundable Tax Credits vs. Non-Refundable Tax Credits

There Are Two Main Types of Credits That Can Reduce Your Tax Bill  Tax credits, available through the IRS, can bring you a substantial…


The Expanded Child Tax Credit

Important Information About the 2021 Child Tax Credit: Advance Payments, Online Tools, & More Thanks to recent temporary changes to the federal Child Tax Credit,…


IRS Has New Online Tools to Help Families Manage Child Tax Credit Payments

Advance Child Tax Credit Assistance is Available There have been several recent and important changes to the federal Child Tax Credit, thanks to President Biden’s…