As mentioned in last week’s tax tip, the American Rescue Plan provided big tax breaks in 2021 that benefitted many families. Among them was the increased Child and Dependent Care Credit. For 2021, taxpayers could claim up to $8,000 of qualifying childcare expenses for one child and $16,000 for two…
The American Rescue Plan of 2021 supplied big tax breaks for many families. Among them was the increased child tax credit of $3,000 per child over the age of six and $3,600 per child under the age of six. Also there was a higher age limit of 17 and many…
As we inch closer to the end of the year, there is no better time than now to start thinking about your 2022 tax return. There were big tax breaks in 2021 for individuals that you may have taken. However, due to lack of congressional action, many tax benefits have…
