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Drake Software blog for tax pros, covering tax, IRS news, and more

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Taxpayers Now Receiving the Advance Child Tax Credit Payments

Bob Williams - July 16, 2021
Taxpayers Now Receiving the Advance Child Tax Credit Payments

After a dismal winter made darker by the COVID-19 pandemic, millions of American families are getting a little sunnier disposition thanks to advance payments of the Child Tax Credit.…

Read more about Taxpayers Now Receiving the Advance Child Tax Credit Payments

Registration Might Be Required for Advance Child Tax Credit Payments

Bob Williams - June 28, 2021
Registration Might Be Required for Advance Child Tax Credit Payments

Taxpayers who aren’t required to file a federal income tax return don’t need to file to get advance payments of the Child Tax Credit. They will, however, have to register with the IRS if they haven’t filed a return lately.…

Read more about Registration Might Be Required for Advance Child Tax Credit Payments

Many Families with Children to Get Monthly Payment of Refundable Child Tax Credit

Bob Williams - May 19, 2021
Many Families with Children to Get Monthly Payment of Refundable Child Tax Credit

A provision of the American Rescue Plan is being readied for action, targeting nearly 90 percent of American households with children to receive monthly payments of the Child Tax Credit.…

Read more about Many Families with Children to Get Monthly Payment of Refundable Child Tax Credit

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