Rigby Accounting, LLC

06/23/2021

The IRS will start sending out monthly payments for the Child Tax Credit on July 15th. Keep in mind that even though the Child Tax Credit has increased this year, because you will get half the credit throughout the year you will get as much as $500 less for per child on your tax return than you did last year. Be sure to plan accordingly by paying or withholding more throughout the year.

The IRS has a portal for you to Unenroll from advanced payment so you get the full Child Tax Credit on your tax return if that is what you prefer. This portal should eventually allow you to add any bank account information and filing status if anything has changed since you filed your tax return.

View your eligibility and unenroll from advance payments of the Child Tax Credit.

03/25/2021

Here is a helpful website to check the status of your refund, especially for those of you whose refund has been postponed!

02/04/2021

Starting a new job or needing to adjust your withholding? This is an excellent link to use to estimate how much you need to withhold on your W-4. https://apps.irs.gov/app/tax-withholding-estimator

If you are looking for a more accurate calculation, I offer tax planning services that will not only tell you how much to withhold on your paycheck but also give you strategies to save additional money on your taxes.

01/12/2021

"An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service by either passing a three-part comprehensive IRS test covering individual and business tax returns, or through experience as a former IRS employee. Enrolled agent status is the highest credential the IRS awards." IRS.gov