Money News Today That Matters Tomorrow
The IRS has now resolved glitches on the non-filer portal for those who did not file a tax return in 2018 or 2019, which was used as the initial basis for determining eligibility for the $500 Dependent Economic Impact Payment (a.k.a. stimulus check) approved under …
[Update following initial IRS payments] In addition to adult stimulus checks (a.k.a 2020 Recovery Rebates) the recently passed $900 billion COVID relief bill includes another round of stimulus payments for adults and ALL qualifying dependent children under the age of 17 at the end of …
The 2019 and 2020 Child Tax Credit (CTC) is set to $2,000 per child and is available to taxpayers who have children aged under 17 at the end of the tax year. Taxpayers can claim the CTC Child Tax Credit for every child who qualifies …