The adventures & musings of an Enrolled Agent representing clients in Tax Controversy cases at the Neighborhood Christian legal clinic - Low Income Taxpayer Clinic.

Indianapolis, Indiana

You May Be Eligible for the Child Tax Credit for Tax Year 2018

You May Be Eligible for the Child Tax Credit for Tax Year 2018

Child Tax Credit Beginning with Tax Year 2018, you may able to claim the Child Tax Credit if you have a qualifying child under the age of 17 and meet other qualifications. The maximum amount per qualifying child is $2,000. Up to $1,400 of the credit can be refundable for each qualifying child as theRead more about You May Be Eligible for the Child Tax Credit for Tax Year 2018[…]

Steps to Take Now to Get a Jump on Next Year’s Taxes

Steps to Take Now to Get a Jump on Next Year’s Taxes

What’s New for 2018 You may need a paycheck checkup. Following tax law changes, you should do a paycheck checkup using the IRS’s Withholding Calculator and, if necessary, complete a new  W-4 form. The calculator helps determine the right amount of withholding. You should check your withholding if you: Are a two-income family. Have two or more jobs atRead more about Steps to Take Now to Get a Jump on Next Year’s Taxes[…]

What Is A Dependent For Tax Purposes?

What Is A Dependent For Tax Purposes?

What are the qualifying characteristics of a dependent for tax purposes? Following is a general explanation on how to determine dependents, and how it relates to your tax status, liability and the credits you can claim on your tax return. There are a few assessments that a person must pass in order to qualify asRead more about What Is A Dependent For Tax Purposes?[…]