For the 2021 tax year, parents can claim $3,600 for each child younger than 6 and $3,000 for each child between 6 and 17. As your income rises, the tax credit is reduced in two stages.

The IRS had a backlog of 21.3 million unprocessed paper tax returns by the end of May, an increase of 1.3 million over the same time last year, according to the report issued Wednesday by the ...

But pandemic-related relief changed many rules for 2021 tax returns. For both young and older workers, it's key to realize that the rules this tax season aren't exactly the same as years past.

During 2021, you may have received a monthly advanced child tax credit or stimulus payments. Depending on how much you received, you may qualify for additional credits on your tax return.

If your income rose in 2021 compared to 2020, it's also possible you owe money. Another way to tell is if you received a monthly payment, but you usually don't get a tax refund.

Here’s what parents need to know. As part of the 2017 tax overhaul, Congress doubled the existing child tax credit to $2,000 per child under age 17 at year-end.

College grads in the Class of 2020 could face a happy surprise when they file their own 2021 federal income tax returns. Yes, you, too, could be looking at a way to claim up to $1,400 in stimulus ...

Under the new Child Tax Credit expansion in 2021, you are able to get the credit if your child is 17 and under. Previously, you were not able to get this credit for your child if they were 17.

The money parents received was based on their 2020 taxes. Since it was an advance of their 2021 taxes, it's possible they weren't entitled to some of the money. "There's not a calculator right now.