Know your Deduction types…
Standard, Itemized, and Business Deductions Know the difference between standard deductions, itemized deductions, and business deductions: 1. Standard Deduction: 2. Itemized Deductions: 3. Business Deductions: Key Differences: In short: Eric Polacek, EA
Families who got the child tax credit last year need to watch for this letter from the IRS
PUBLISHED MON, JAN 3 20221:33 PM EST Carmen Reinicke@CSREINICKE Filing 2021 taxes will look slightly different for families who received the enhanced child tax credit last year. That’s because the monthly payments that were sent to millions of families with eligible children from July to December only accounted for half of the credit. Now, those […]