Newsletter July 1,2021 > Newsletter July 1, 2021

Three New IRS Tools for 2021 Child Tax Credit Advance Payments

July 1, 2021

The IRS recently launched three new online tools (links below) to help eligible Americans claim and manage their advance payments of the 2021 Child Tax Credit (CTC). In addition to increasing the maximum CTC amount …

Tax Tip: Summer Jobs

July 1, 2021

If you’re starting a summer job or know a teen or student who is, here is a useful tax-saving tip: Students and teenage employees normally have taxes withheld from their paychecks by their employer after filling …

Upcoming Tax Deadlines

July 1, 2021

July Day 12 Employees Who Work for Tips – If you received $20 or more in tips during June, you must report them to your employer (employees are required to keep a daily record of tips). All tips …