Zachary Owen, EAJun 9, 20212 minWhy did the IRS reduce my tax refund after claiming the Recovery Rebate Credit?The IRS is finally processing tax returns where there was a discrepancy with round 1 and 2 stimulus payments claimed on the return. ...
Zachary Owen, EAApr 29, 20211 minIs your 2020 tax refund delayed? IRS reps say to allow up to 10 weeks for processing.Reason 1 : Using 2019 income figures to calculate 2020 Earned Income Credit and Child Tax Credit Unfortunately many tax refunds are...
Zachary Owen, EAJan 26, 20212 minEarned Income Tax Credit ChangesA major change in calculating the Earned Income Tax Credit (aka EITC) and the Child Tax Credit was passed as part of the Consolidated...
Zachary Owen, EAJan 23, 20211 minDemystifying your stimulus check and taxes"Do I have to report my stimulus payments on my tax return"? "Are my stimulus payments going to be taxable"? The stimulus payments (or...
