Montgomery Community Media

The Consumer Financial Protection Bureau (CFPB) invites community members to a webinar about the new child tax credit on Monday, July 19 at 4 p.m. The webinar will explain who is eligible for the tax credit, any actions a tax-payer must take to obtain the credit, and the tax credit a tax-payer should expect. On […]

Many working families across the nation are about to receive monthly payments to support childcare needs beginning July 15. Included in the American Rescue Plan, which President Joe Biden signed into law in March, is an expanded Child Tax Credit, which increases the credit to $3,600 per child for children ages 5 and under, and […]

If you have a child, you might get some money this year from the IRS. The American Rescue Plan Act that was signed into law on March 10, 2021 increases the child tax credit and calls for payments to be sent to families. The child tax credit 2021 payments are completely separate from the stimulus […]

Every year, it’s a sure bet that there will be changes to current tax law and this year is no different, now that the tax provisions under the Tax Cuts and Jobs Act of 2017 (TCJA) are in full effect. From standard deductions to health savings accounts and tax rate schedules, here’s a checklist of […]

Got kids? They may have an impact on your tax situation. If you have children, here are eight tax credits and deductions that can help lower your tax burden. Dependents: In most cases, a child can be claimed as a dependent in the year they were born. Be sure to let the office know if […]