During the 2021 tax season, the Internal Revenue Service processed 136 million individual income tax returns and issued 96 million refunds, totaling about $270 billion. In a recent mid-year presentation to Congress, the Taxpayer Advocacy Service reported there was a backlog of over 35 million individual and business…
Under the American Rescue Plan Act of 2021, the Child Tax Credit (CTC) is getting a boost, giving some much-needed assistance to millions of families. The credit is being increased from $2,000 to $3,000 for children over 6, and to $3,600 for children under 6. The Internal Revenue…
Looking for help with your utility costs? Did you know there’s funding to help low-income families with their home energy bills, emergencies and weatherproofing services? Low Income Home Energy Assistance Program (LIHEAP) is a federal program that provides grants to state agencies for low-income households, improving energy efficiency…