Tax season is right around the corner, and with the pandemic, deadlines have been extended. On July 15, annual taxes are due, but one difference that might affect your returns is the child tax credit. So what has changed? Here’s what you need to know when filing your taxes.
As we close out the year 2020, it is time to reflect on how much money we earned and give some of it back to the government. That’s right, it is tax season. 2020 was a tough year for many and it is going to be a bit more difficult when the time for filing taxes arrives. That is why it is important to start early and make sure you have all the correct documents. Whether you got a new job, kept your job, or lost your job, we all still have to pay our taxes like the person next to us.