Advance Child Tax Credit Payments

You have probably heard of the Advance Child Tax Credit payments that are slated to start in mid-July, 2021. We have received several questions about these payments and hope to shed some light on these payments as well as the implications and benefits they could have on your family’s finances. Most importantly, although part of…

Is Unemployment Income Taxable

Is Unemployment Income Taxable?

Don’t Let Taxable Unemployment Benefits Catch You Off-Guard Many Americans who were both directly and indirectly impacted by the COVID-19 pandemic have found it necessary to file for unemployment benefits. These benefits provide much-needed relief, but there are a few tax-implications that could loom on the horizon for recipients. Unemployment benefits, including the additional $600…