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Proposed IRS Refundable Tax Credit Rules: What to Know Now
The proposed IRS refundable tax credit rules could affect the refundable portion of several federal income tax credits. The IRS has issued proposed regulations that could affect the refundable portion of several federal income tax credits for individuals who do not meet the definition of a “qualified alien” under federal law. The proposal concerns the refundable portion of certain credits, including the Child Tax Credit, Earned Income Credit, American Opportunity Tax Credit,
Iryna Whitnah
Sep 22 min read
Estimated Taxes for Individuals and Businesses
This article will help to understand the concept of estimated tax payment and covers who must pay, how much to pay, due dates,...
Iryna Whitnah
Aug 25, 20253 min read
The One Big Beautiful Bill Act, June 2025.
In May 2025, the U.S. House of Representatives narrowly passed a budget resolution, “The One, Big, Beautiful Bill Act” (OBBB), with vote...
Iryna Whitnah
Jun 13, 20253 min read
Education Savings Simplified: The 529 Plan Advantage.
A 529 Plan, often called a college savings pla n , is a tax-advantaged account designed to help families save for education expenses....
Iryna Whitnah
May 29, 20253 min read
When Do I Need to Amend My Tax Return — and What Does It Mean?
Filing a tax return isn’t always the final step. Sometimes, life changes or honest mistakes require you to amend your return. But what...
Iryna Whitnah
Apr 13, 20252 min read
Penalty relief and tax installment payment programs
Missed the April filing deadline? A number of options are available to help taxpayers who missed the April deadline to file their 2023...
Iryna Whitnah
Jun 27, 20243 min read
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