ALR Tax & Financial Services LLC

01/04/2024

12/16/2023

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01/03/2023

Some tax credits return to 2019 levels. 😢This means that affected taxpayers will likely receive a significantly smaller refund compared with the previous tax year. Changes include amounts for the Child Tax Credit (CTC), Earned Income Tax Credit (EITC) and Child and Dependent Care Credit.

Those who got $3,600 per dependent in 2021 for the CTC will, if eligible, get $2,000 for the 2022 tax year.
For the EITC, eligible taxpayers with no children who received roughly $1,500 in 2021 will now get $500 in 2022.
The Child and Dependent Care Credit returns to a maximum of $2,100 in 2022 instead of $8,000 in 2021.😣😣😣but don’t be discouraged come file with us today

01/14/2022

01/05/2022

TODAY-WE ARE WELCOMING BACK ALL OUR PAST CLIENTS LOVE AND APPRECIATE YOU GUYS ,AND WELCOMING NEW CLIENTS 😘LOOKING FORWARD TO WORKING WITH YOU .GIVE US CALL 301-798-7730 OR 240-302-3154

01/03/2022

When Can You File Taxes in 2022?
When can I file my taxes?
Many people are asking, when can I file my taxes for 2022? The IRS should start accepting tax returns somewhere between Jan 15 and Feb 15, 2022.

As soon as an official IRS announcement is made, we will share the updates 🧐

TAX SEASON 2022 STARTS HERE 01/05/2022

01/03/2022

👏👏LET YOUR 2022 VISION BECOME YOUR REALITY ,STARTING AS EARLY AS 01/05/2022

01/03/2022

We are approaching the tax season of 2021-2022. I hope Christmas was not an overwhelming time for most of us. If your in need of a quick cash advance on your tax refund give us a call today.
Office (301)-798-7730 or 240-302-3154

03/27/2021

Why is my refund still not process 😡 🤷🏽‍♀️

03/08/2021

Joy Taylor, Editor
Sat, March 6, 2021, 12:34 PM
An expanded child tax credit for 2021 is about to become law. After some procedural wrangling, the Senate narrowly approved President Biden's stimulus package to help tackle the coronavirus pandemic and stimulate the economy. Because the Senate made some changes to the House-crafted bill, We expect that will happen next week.

Presently, the child tax credit is worth $2,000 per kid under the age of 17 whom you claim as a dependent and who has a Social Security number. To qualify, the child must be related to you and generally live with you for at least six months during the year. The credit begins to phase out if your adjusted gross income (AGI) is above $400,000 on a joint return, or over $200,000 on a single or head-of-household return. Up to $1,400 of the child credit is refundable for some lower-income individuals with children, but these people must also have earned income of at least $2,500 to get a refund.

The American Rescue Plan would temporarily expand the child tax credit for 2021. First, the plan would allow 17-year-old children to qualify. Second, it would increase the credit to $3,000 per child ($3,600 per child under age 6) for many families. Third, it would remove the $2,500 earnings floor. Fourth, it would make the credit fully refundable. And fifth, it would allow half of the credit to be paid in advance by having the IRS send periodic payments to families from July 2021