What an expansion of the Child Tax Credit could mean for parents

############################# Video Source: www.youtube.com/watch?v=zsDitTG-Or0

NEW Update on child tax credit 2024.Congress nears deal to partially restore Biden’s expanded child tax credit. Congressional lawmakers are closing in on a deal that would partially revive President Biden’s expanded tax credit for lower-income families. The emerging three-year, roughly $80 billion deal with Republicans would ensure that more of the poorest families — who are traditionally excluded from the credit because they don’t owe any income tax — would qualify for at least some federal assistance. It would allow the lowest-income families to claim the credit for each child, the people said, when the current credit only allows those at the lowest end of the income spectrum to receive payments for one child • 2024 TAX CHANGES. Get ready to file in 2024: What’s new and what to consider? • Also, the IRS cannot issue refunds for people claiming the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) before mid-February. The law requires the IRS to hold the entire refund – not just the portion associated with the EITC or ACTC. The IRS expects most EITC and ACTC related refunds to be available in taxpayer bank accounts or on debit cards by Feb. 27, 2024, if the taxpayer chose direct deposit and there are no other issues with the tax return. • Before filing 2023 tax returns, make sure you have forms W-2 from employers, Forms 1099 from banks or other payers, Forms 1099-K from third party payment networks, Forms 1099-NEC for nonemployee compensation, Forms 1099-MISC for miscellaneous income or Forms 1099-INT for interest paid, as well as records documenting all digital asset transactions. Speed tax refunds with direct deposit filing electronically and choosing direct deposit is the fastest way for taxpayers to get their tax refund. Direct deposit gives individuals access to their refund faster than a paper check. • Here’s the latest update on your 2023 amended tax refunds and your regular tax refund status update. The IRS is still processing your delayed tax returns and delayed mail correspondence. • 2023 tax refund update. The IRS will be paying you interest on your delayed tax refunds. Check the status of your refund on the where’s my refund tool and the IRS website site. Amended tax return status can be checked on the where’s my amended return tool on irs.gov. You can login into your irs account and check your online transcript for refund status update. You can also call the tax payer advocate service for help with your delayed tax refunds. • Rank your youtube videos in search and views download the tubebuddy app • copy link below • https://www.tubebuddy.com/NATURESIMPL... • What Is considered income to claim the EARNED INCOME TAX CREDIT 2024 • • TAX TIPS 2024- EARNED INCOME TAX CRED... • NEW FOR 2024 TAX SEASON|2023 TAX RETURNS| 2024 TAX CHANGES FOR FASTER REFUNDS • • NEW FOR 2024 TAX SEASON|2023 TAX RETU... • IRS TAX REFUNDS|2023 TAX RETURN STATUS UPDATE • • LATEST 2023 TAX RETURN STATUS UPDATE • HOW TO CHECK THE STATUS OF AMENDED TAX RETURNS 2023 TAX REFUNDS • • HOW TO CHECK THE STATUS OF AMENDED TA... • IRS increases retirement account contribution limits 2024 • • IRS increases retirement account cont... • ARE TODDLER FORMULAS HEALTHY • • NEW FINDINGS ⛔️ TODDLER MILK COMPANIE... • TOP 5 TEXT MESSAGE SCAMS OF 2023 • • TOP 5 TEXT MESSAGE SCAMS OF 2023 • IRS ANNOUNCEMENT 📣 BIG CHANGE COMING TAX SEASON 2024 • • IRS ANNOUNCEMENT 📣 BIG CHANGE COMING ... • TAX BRACKETS EXPLAINED FOR THE 2023-2024 TAX SEASON • • TAX BRACKETS EXPLAINED FOR THE 2023-2... • 💰💰 HOW TO CLAIM YOUR UNCLAIMED MONEY • • 💰💰 HOW TO CLAIM YOUR UNCLAIMED MONEY • The IRS announced a NEW WITHDRAWAL process to help those who MISTAKENLY filed THE ERC CREDIT • • The IRS announced a NEW WITHDRAWAL pr... • LATEST IRS 2023 TAX REFUND UPDATE and AMENDED TAX RETURN STATUS UPDATE 2023 • • LATEST IRS 2023 TAX REFUND UPDATE and... • IMPORTANT UPDATE ON NEW IRS $600 TAX RULE(all income and sales of $600 or more must be reported) • • NEW IRS $600 TAX RULE FOR PAYPAL, CAS... • $20 MINIMUM WAGE INCREASE FOR FAST FOOD WORKERS • • $20 MINIMUM WAGE INCREASE FOR FAST FO... • IRS TWO STEP IDENTITY VERIFICATION PROCESS 2023 • • IRS TWO STEP IDENTITY VERIFICATION PR... • Tips to get a live person on the phone at the IRS • • Tips to get a live person on the phon... • 🛑TROUBLE WITH THE NEW IRS FREE FILE SYSTEM • • 🛑TROUBLE WITH THE NEW IRS FREE FILE S... • DEDUCTIONS FOR TEACHERS AND OTHER EDUCATORS • • DEDUCTIONS FOR TEACHERS AND OTHER EDU... • DISCLAIMER • Not an employee or representative of company • Just sharing for informational purposes. You can go directly to website listed In video for all information. Material provided should not be considered tax, accounting, or legal advice. Please consult a certified tax consultant for tax advice. • This video is under Fair Use: Copyright Disclaimer under Section 107 of the Copyright Act in 1976, Allowance is made for Fair Use for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright status that might otherwise be infringing. • • #irs #childtaxcredit #2024 #incometax #video #breakingnews #tax #return #internalrevenueservice #taxrefund2023

#############################

New on site