IRS Says December ACTC Payments Coming

IRS Says December ACTC Payments Coming

As the phrase goes, all good things come to an end, and the Internal Revenue Service is saying just that about the advance payments of the Child Tax Credit, or CTC. In December, families who have qualified for the advance payments of the credit will get their final...
2022 Standard Mileage Rates Now Available

2022 Standard Mileage Rates Now Available

The Internal Revenue Service has put a little more cushion into its standard mileage rates, so taxpayers won’t have such a big bite taken out of their pockets by fuel prices. The rates for 2022, which take effect on January 1, will be used to figure the deductible...
2020 Recovery Rebate Credit FAQs Updated

2020 Recovery Rebate Credit FAQs Updated

The Internal Revenue Service has updated its online information with the aim of helping individual taxpayers qualify for Economic Impact Payments (EIPs) if they didn’t already get one. The agency says it has updated its frequently asked questions (FAQs) on the 2020...