Tips for parents who share custody or alternate tax benefits
Parents who share custody of their children may have a lot of questions about this year’s advance child tax credits. This year, the IRS has specific rules that are different from prior years, like which households qualify and how the payments are disbursed. Here’s what you need to know before you file your 2021 federal tax return. Economic Impact Payments and the Recovery Rebate Credit The third Economic Impact Payment was an advance payment of the 2021 recovery rebate credit. The IRS used taxpayers' 2020 or 2019 tax information to determine eligibility and amounts. Here's what this means for people who share...
March 8, 2022
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