Child Tax Credit | Earned Income Tax Credit | Dependent Care Credit
Child Tax Credit monthly payments that some of taxpayers are currently receiving is part of next year’s tax refund for when we file our 2021 tax returns. Whether or not you qualify has everything to do with your AGI (Adjusted Gross Income).
It is important that you have an understanding because if you don’t qualify, this can cause an issue with your refund and/or if you will owe the IRS back the money you were not entitled to.
Beyond the Child Tax Credit, there are other credits relating to our children we claim on our tax returns and many people are not aware of that these credits expire as your child ages and this will impact your taxes.
In my latest YouTube video, I explain all of it.
I’m Ktasha (“Tasha”), a seasoned expert in small business management and taxes. My expertise lies in supporting small business owners and self-employed individuals like you with tax management and overall business operations. I understand how challenging it can be to keep everything organized and running smoothly when you’re focusing on running your business. That’s why I’m here to help take the weight off your shoulders. I offer tailored service packages, as well as consultation and coaching services, to help simplify your business affairs and reduce stress. Whether you’re an experienced entrepreneur or new to the game, I’m here to help you navigate the complexities of business ownership and operations with ease.