The IRS has launched two new online tools to help taxpayers manage and monitor the advance monthly payments of the Child Tax Credit, which are scheduled to start being issued on July 15, 2021:
The American Rescue Act was signed into law last week and we wanted to inform all of you about some of the key provisions that may impact your taxes for 2021 and potentially for 2020.
This is a note to our friends, our clients, and our family on what we know about the Individual Rebate Provisions of the CARES ACT. As of this message, this is not yet law but is expected to be signed by the President and will become law soon.