Columbus, OH

Starting on July 15, 2024, the IRS will distribute monthly Child Tax Credit Stimulus Payments to eligible families. July 15, 2024: The Start of CTC Stimulus Monthly Payments. The IRS will begin distributing the Child Tax Credit (CTC) Stimulus Monthly Payments for 2024 on July 15. This change means families will get help sooner than in past years, according to the report of JK Dears.

$300/month for Kids Under 6, $250/month for Kids 6-17: IRS Begins Monthly Child Tax Credit Stimulus Payments

The U.S. government has laid a clear path to apply for the newly available $12,000 stimulus check. This financial assistance, a relief beacon, comes under the Earned Income Tax Credit (EITC) program. Aimed at aiding low to moderate-income citizens, the scheme promises to put extra money in Americans' pockets, boosting their finances and the country's economy.

$12,000 Stimulus Check: Steps to Apply and Maximize Your Tax Relief Revealed by Government

Fox Business

The IRS and Treasury Department announced plans to end a major tax loophole that is used by wealthy Americans to reduce how much they owe to Uncle Sam.

IRS plans to close 'major' tax loophole used by wealthy Americans

The IRS has decided to permanently implement its Direct File electronic filing system following a successful pilot, aiming to provide a no-cost option for straightforward tax filers while facing criticism over concerns about IRS control and potential future changes. IRS Makes Direct File Permanent Despite Controversy and Debate. According to...

$90 Million in Refunds and $5.6 Million in Savings: IRS Makes Direct File Electronic Filing System Permanent – What You Need To Know!

McPhersonBuzz News

IRS Reports Decline in Tax Refunds: Average Payouts Increase Despite Fewer Claims Gig Economy and Stock Trading Impacting Tax Refunds: Fewer Filers, Higher Refund Amounts According to Wise Money, the federal government is issuing fewer tax refunds this year according to recent data from the IRS. By mid-May 2024 the IRS reported distributing 93.9 million […]

$3,050 Average Refund in 2024; 93.9M Taxpayers Receive Refunds, Down 1.2% from Last Year-Fewer Refunds Bigger Checks!

Frenzied discussions are circulating a potential Internal Revenue Service (IRS) stimulus payment that could put $8700 in the pockets of American families. With charitable interpretations of recent tax law adjustments at play, it is essential to disentangle fact from hopeful fiction. This analysis offers a granular look at the situation unfolding across the nation.

Is the IRS Really Giving an $8700 Stimulus Check to Americans?

USA TODAY

The program mentioned in the social media posts was part of the American Rescue Plan and ended in 2021.

IRS advance child tax credits from 2021 not returning in 2024 | Fact check

Many seniors are unsure about their tax responsibilities. Particularly concerning Social Security income. It's commonly questioned when they may stop filing taxes on these benefits. Those whose sole income is Social Security likely don't need to file a federal income tax return. Senior citizens, especially, have distinct guidelines to consider....

When Are Senior Citizens Exempt from Filing Taxes on Social Security Income?

GOBankingRates

Do you know which states across America are the most affordable states to live in without any income tax? Trending Now: Here's How Much the Definition of Rich Has Changed in Every State Try This: How...

9 Cheapest States To Live in With No Income Tax

Kiplinger

Attorney fees and other fees can add up fast, depending on the route you choose. The less contentious the process, the less expensive it could be.

How Much Will Getting Divorced Cost You?

Arkansas State

FinanceBuzz

While you may pay federal taxes on your Social Security benefits, many states don’t tax them. Here are the 41 states you may want to consider for retirement.

41 States That Don't Tax Social Security

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Heidi Lothringer

The Child Tax Credit monthly payments began and ended in 2021. Don't fall for this scam. Recently, a post circulating online has caused quite a stir with claims about a new Child Tax Credit (CTC) monthly payment program set to begin in July 2024. According to this post, the IRS will deposit $300 monthly for children under six and $250 monthly for those aged six to seventeen. However, it's important to know that this information is false and misleading. Here's what you need to know:

Are you getting this monthly payment every month from the IRS? No, you're not, it's not real.

Now is the time to make sure your tax return for 2025 is better than it was this year.

9 Things You Can Do Right Now for a Bigger Tax Return in 2025

CBS News

The IRS is far too slow in resolving a major problem for taxpayers, who must wait almost two years for the tax agency to clear up identity theft cases, according to a new report from the National Taxpayer Advocate, an independent watchdog that's part of the IRS. In April 2024, the IRS took more than 22 months to resolve identity theft victims' assistance cases, up from 19 months earlier this year, the report said.The IRS had about 500,000 unresolved cases of identity theft as of April, the NTA added. These occur when fraudsters file a tax return using a taxpayer's Social...

IRS has unconscionable delays for a major tax issue, report says

The Kenyan community in Slough has expressed strong support for Tanmanjeet Singh Dhesi, known as Tan Dhesi, in the upcoming July 4th elections. The endorsement was made during the Euro Mega Praise and Worship event at Ditton Park Academy on June 22 which attracted over 20 gospel ministers and numerous residents. Dhesi has represented Slough for the past seven years and has been actively promoting his contributions to the community through social media. He emphasized his dedication, highlighting his team's resolution of 5,771 individual cases, including 146 urgent ones, for constituents in need of assistance this year alone. The event, affectionately termed "Gichocho" by Kenyans in the diaspora, featured the Deputy High Commissioner in London Dr Bishop Joseph Warui as the keynote speaker.

Kenyan Community Rallies Behind Tan Dhesi in Upcoming Slough Election

WashingtonExaminer

The first round of July’s three Social Security payments, worth up to $4,873 for those who retire at 70, will go out in 13 days. The first round of payments is set to go out Wednesday, July 10, to beneficiaries who were born on or before the 10th. People born on or between the 11th and 20th of the month […]

Social Security update: First round of July payments worth $4,873 goes out in 13 days

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

Here's Why Your Next CD Might Result in a Huge Tax Headache

The Independent

The number of income tax-paying pensioners has jumped, according to figures from HM Revenue & Customs (HMRC).Between the tax years 2023-4 and 2024-5, there was a 660,000 increase in people over pension age who were income tax payers, from 7.85 million to 8.51 million.Around two million more people are in this bracket than in 2020-21, when 6.47 million people over pension age were paying income tax.Trends towards some older workers having a “phased” retirement and demographic changes may have an impact on the number of people who are liable for income tax in their later years.For a pensioner in Britain,...

8.5m people over state pension age are income tax payers

California State

The US Sun

A SOFI bank user said he called it 90 times in a fruitless effort to unfreeze his new account. The Californian man had deposited a $1,368 check – which cleared – but SoFi locked him out. The man reached out to local consumer champion Chris Chmura at San Francisco-based NBC affiliate KNTV for help to […]

I opened a new account and deposited $1,368 – then the bank locked me out & froze my money even after I called 90 times

Gov. Sarah Huckabee Sanders (R-AR) signed legislation Wednesday to cut property and income taxes in Arkansas.  The income tax rate is now 3.9% compared to the previous 4.4% in Arkansas for people who make more than $25,000 annually. People who make less will continue to pay a 3.4% tax rate. The corporate tax rate was […]

Arkansas cuts property and income taxes

NewsBreak

3 Million Kenyans Have 72 Hours to File Tax Returns

As of June 26, approximately six million Kenyans had successfully filed their tax returns representing a 20% increase compared to the same period in the previous...

3 Million Kenyans Have 72 Hours to File Tax Returns

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