Category Archives: Child Tax Credit

Taxpayers who Support Dependents Should Check Their Withholding Now

The following article was published by the IRS. Taxpayers who support older dependents should head over to the Withholding Calculator on IRS.gov and do a “paycheck checkup” ASAP. They can use the calculator to make sure they are having their … Continue reading

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New Law Sets Jan. 31 W-2 Filing Deadline; Some Refunds Delayed Until Feb. 15

The following article was published by the IRS. A new federal law moves up the W-2 filing deadline for employers and small businesses to Jan. 31. The new law makes it easier for the IRS to find and stop refund … Continue reading

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Falsely Padding Deductions on Returns is on the IRS Annual “Dirty Dozen” List of Tax Scams to Avoid

The following article was published by the IRS. The Internal Revenue Service has warned taxpayers to avoid the temptation of falsely inflating deductions or expenses on their returns to under pay what they owe and possibly receive larger refunds. The … Continue reading

Posted in Accounting, Child Tax Credit, Personal Taxes, Tax Credits | Tagged , , , ,

Summer Day Camp Expenses

If you sent your kids to camp this summer, the expense may help you qualify for the child and dependent care tax credit on next year’s tax return. Only day camps qualify, however; overnight camps do not. If you pay … Continue reading

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Miscellaneous Year End Items To Consider

If you have a health flexible spending account (FSA) with a balance, remember to spend it before year end (unless your employer allows you to go until March 15, 2015, in which case you’ll have until then). If you own a vacation … Continue reading

Posted in Child Tax Credit, FSA, IRS, Personal Finance, Personal Taxes, Year End | Tagged , , , , , ,

5 Tax Tips for the Unemployed

The following article was recently published by the MSCPA. If you find yourself out of work, taxes may be the last thing you want to think about, but it’s important to continue your tax and other financial planning, even when you’re … Continue reading

Posted in Child Tax Credit, EITC, IRS, Personal Finance, Personal Taxes, Planning Strategies, Self-Employed, Tax Credits, Tax Deductions, Tax Tips, Taxes | Tagged , , , , ,

Summer Day Camp Expenses

If you’ve sent your children to summer day camp this summer, the money you spent may help you qualify for the Child and Dependent Care Credit on next year’s tax return. It must be a day camp; overnight camps do … Continue reading

Posted in Child Tax Credit, IRA, IRS Video, Personal Finance, Personal Taxes, Tax Credits, Tax Tips, Taxes, YouTube | Tagged , , ,