Our Finance Guide
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing
No Result
View All Result
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing
No Result
View All Result
Our Finance Guide
No Result
View All Result
Home Tax

Why you should wait to file taxes if you received child tax credits

admin by admin
January 7, 2022
in Tax
0
Oswego County Legislature Approves 2022 Budget, Reducing Levy and Cutting Tax Rate

Brian Newton, a shareholder and CPA at McGowen, Hurst, Clark & Smith in West Des Moines, Iowa, said the monthly payments were essentially an advance on dollars you would have received in your 2021 tax refund.

“If you had a sizeable refund last year and that was largely attributed to the child tax credit, and you received advanced payments throughout the year, your refund is likely going to be less than it was in prior years,” he said.

Related articles

Score Payday loans Relief into the Denver, Texas within the super easy

Where Is the Economy Heading? Velocity of Money Provides Clues

Newton said throughout the course of the year, the IRS sent out advance child tax credit payments through the American Rescue Plan.

Amounts varied depending on household income and the age and number of children a family had. Some families could get up to $3,600 annually per child. Those payments were based on information from 2020. If your 2021 tax forms end up showing a significant rise in income or fewer dependents, you may be paying portions or all of your monthly credits back.

read more……………….

 

 

admin

admin

Related Posts

Score Payday loans Relief into the Denver, Texas within the super easy

You can find forms of cash advance save one to Texas citizens can use to save money. Cash advance will appear to be what you want...

Where Is the Economy Heading? Velocity of Money Provides Clues

Retiring in a Slowing Economy? 3 Steps Can Help You PrepareVelocity of money is the rate at which money is being spent in the economy. It...

The Surprising Asset You Can Use for Tax-Loss Harvesting

Bonds have taken a beating in 2022, but the damage to your portfolio may be less than meets that eye, provided you handle those losses in...

City Council may consider a small property tax hike

Evanston City Council members may be returning to consider a small property tax increase to put police and fire pension funds on a 100% track toward...

Business Tax Credits Your Business May Qualify For

One of the most complicated parts of running a small business is figuring out your taxes. Most business owners are worried about ensuring they pay enough...

Next Post
This Week In Credit Card News: Consumers Overspent During Holidays; Who Really Owns Crypto?

This Week In Credit Card News: Consumers Overspent During Holidays; Who Really Owns Crypto?

2 Top Growth Stocks New Investors Should Buy in 2022

2 Top Growth Stocks New Investors Should Buy in 2022

Schumer escalates pressure on Biden to cancel student loans in 2022

Schumer escalates pressure on Biden to cancel student loans in 2022

No Result
View All Result

Subscribe Us

By clicking subscribe, I authorize: (1) Our Finance Guide to use and share my information in accordance with its Terms of Service and Privacy Policy, and (2) Our Finance Guide or third-party companies, including Our Finance Guide’s business partners, to contact me by email with offers for goods and services at the email address provided. Please note that the information you have provided to us may be supplemented with additional information obtained from other sources.

RECOMMENDED

Uncategorized

How to Save Money on Gas: 20 Simple Ways to Save

Here’s how you can take a free vacation using rewards you earn with three credit cards
Credit Cards

Here’s how you can take a free vacation using rewards you earn with three credit cards

CATEGORIES

  • Credit Cards
  • Investing
  • Loans
  • Tax
  • Uncategorized

Subscribe Us

By clicking subscribe, I authorize: (1) Our Finance Guide to use and share my information in accordance with its Terms of Service and Privacy Policy, and (2) Our Finance Guide or third-party companies, including Our Finance Guide’s business partners, to contact me by email with offers for goods and services at the email address provided. Please note that the information you have provided to us may be supplemented with additional information obtained from other sources.

© 2022 Our Finance Guide, All Rights Reserved.

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe
No Result
View All Result
  • Home
  • Loans
  • Tax
  • Credit Cards
  • Investing

© 2022 Our Finance Guide, All Rights Reserved.