IRS Issues EIP3 Reminder

The Internal Revenue Service says it has sent out all the third-round Economic Impact Payments (EIPs), but the agency is quick to add that taxpayers who missed out on the EIP still have one more chance to claim their money. These individuals will have to file a 2021...

IRS Explains Credit for Other Dependents

Much attention has been given lately to the Child Tax Credit and its advance payments. But another credit is available if the taxpayer’s dependents aren’t their children. This credit is for other dependents other than children. Unlike the Child Tax Credit, the credit...

IRS Highlights Common Filing Mistakes

Millions of Americans are preparing to get their income tax returns in order for the 2021 tax year. While many are mostly concerned about getting their returns in on time, they should also be thinking about filing a correct return. Most often, it’s the simple tax...