child tax credit: Do I Amend or Not My 2020 Tax Returns?
- 11/13/21 11:54 AM
I represent taxpayers in Boulder, and Denver Metropolitan, CO who have issues with unpaid taxes and outstanding tax liabilities, back taxes and wage garnishments. Do I Need to Amend or Not My 2020 Tax Return? IRS updates on November 12, 2021
Short answer is “It depends”:
You received unemployment benefits and filed your tax return before the law was passed to exclude $10,200 of unemployment income from your federal tax. If you are eligible to exclude unemployment income: you
➨ do not need to amend: to get recovery rebate, earned income tax credit (EITC) with no qualifying child. The IRS will make adjustments. ➨ do not need … (1 comments)
child tax credit: The Child Tax Credit Updates for 2021
- 10/17/21 08:44 AM
By Rajbir Athwal I represent taxpayers in Boulder, CO and Denver, CO Metropolitan, CO who have issues with unpaid taxes and outstanding tax liabilities, back taxes and wage garnishments.
In 2020, a taxpayer(s) could claim $2,000 of Child tax credit (CTC) for each qualifying dependent child on their tax return at the end of the year.
The following are requirements for qualifying child: Relationship: child, foster child, step child, siblings younger than you or your spouse if married filing jointly, half siblings and their descendants. Age: dependent child must be younger than 17 years at the tax year. Live with a tax year … (0 comments)
I represent taxpayers in Boulder, and Denver Metropolitan, CO who have issues with unpaid taxes and outstanding tax liabilities, back taxes and wage garnishments.
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