Frequently Asked Questions

What Is The Maximum I Can Receive For The HB 1302 Tax Refund?

By the Georgia Department of Revenue The maximum you will receive will depend on your filing status. Head of Household filers could receive a maximum refund of $375. Married individuals who file joint returns could receive a maximum refund of $500. Read also: HB 1302 Tax Refund Explained

How Do I Determine What I Might Receive From This Refund?

Please refer to your 2020 income tax return If you filed a Form 500, the amount will be based on your tax liability listed on line 16. If you filed using Form 500EZ, the amount will be based on your tax liability listed on line 4. Read also: HB 1302 Tax Refund Explained

What Is The HB 1302 Tax Refund?

What is the HB 1302 Tax Refund? Governor Brian P. Kemp signed House Bill 1302 on March 23, 2022, providing a tax refund to all eligible Georgia taxpayers. HB 1302 allows Georgia taxpayers a refund of some or all of the 2020 income taxes due. The Georgia General Assembly recently passed, and Governor Kemp signed,... [Read More]

How Much Is The Child Tax Credit For College Students?

The amount of the Child Tax Credit is based on the age of the dependent children: Age 6 and younger: $3,600 annually ($300 per month) Ages 6 to 17: $3,000 annually ($250 per month) Ages 18 to 24: $500 annually (one-time)

Families With College Students Can Receive A CTC?

College students qualify for the Child Tax Credit. Good news for families that have a dependent child up to the age of 24 and attends college as full-time student.

Why May Some Families Have To Return Part Of Their 2021 Child Tax Credit Payments?

The IRS calculates advance payments eligibility according to the adjusted gross income and number of dependents from 2020 or 2019 tax returns. There are some families that could have that information outdated and then their Child Tax Credit eligibility could change and in some cases, they could owe the IRS.

How Will The CTC Be Sent?

The IRS is sending half of each family’s total estimated credits in six monthly installments beginning July 15 and will be sent each month until they end in December. The payments will be sent through direct deposit in people’s bank accounts. The IRS will mail paper checks to people for whom it doesn’t have bank... [Read More]

What Is The CTC Amount?

For 2021, the maximum child tax credit amount is $3,600 for a child under age 6 and $3,000 for a child ages six through 17 as of Dec. 31, 2021. The regular CTC is $2,000 per child for children age 16 and under.

Who will Get the CTC?

Families with $75,000 or less adjusted gross income, single taxpayer parents also qualify for the full child tax credit amount. Above $75,000, the amount begins phasing out.

Do I work with an assigned accountant?

Do I work with an assigned accountant? Yes. Working with the same accountant ensures transactions are recorded properly and the accountant learns your business.