—Tax credits, such as child tax credit, retirement savings contributions credit, etc.
Earlier this month, Congress announced a bipartisan agreement to enhance the current child tax credit.
The bill would incrementally increase the maximum refundable child tax credit to $1,800 for 2023 tax returns, $1,900 for the following year and $2,000 for 2025 tax returns.
If you can’t see what your tax preparer is working on, get a copy of the tax return and ask questions about each of the entries.
If you are due for a refund, you will not receive a penalty and you will receive your tax return payment.
Persons:
Courtney Alev, ” Alev, Tom O’Saben, O'Saben, O’Saben, “, ” O’Saben, —, Alev, You’re, you’ve, It’s, ___, Charles Schwab, ”
Organizations:
—, Credit Karma, Savings, IRS, National Association of Tax, Elderly, People, Social Security, Social, Center, Budget, Associated Press, Charles, Charles Schwab Foundation, Inc, AP
Locations:
United States