12/09/2022
It's getting closer to that time!
FYI!
Last year was indeed a very good year for almost everyone. However, things for the upcoming tax year is a bit different.
Example:
If you claimed MORE than 3 dependents for 2021 and received those CTC payments, don't anticipate the same for 2022. You will not benefit for more than 3 dependents.
Those Child Tax Credits aren't available for 2022 and the max EIC (Earned Income Credit) for 3 kids filing Single, Widowed or Head of Household is $6,935 with an Adjust Gross Income of $53,057 OR less in order to qualify.
You may have seen information floating about $2,000 per dependent. However, it does not mean that's what you're entitled to.
Are you aware that when you do your own taxes, it gives you less protection from an IRS audit?
As a Tax Professional, I'm here to inform you about these things and more...
Need a Tax Professional? Message me...❤️