On Jan. 24, 2022, the Internal Revenue Service (IRS) began accepting and processing 2021 income tax returns. During this period, individuals can begin their individual tax returns and can hope for a chance of receiving their tax returns within 21 days.

The current $3,600 Child Tax Credit payment will be expiring at the end of the year if Congress does not renew it. The tax credit could potentially return to $1,000 by 2025. If you wish to receive Child Tax Credit payments, you can apply one of two ways.

There has been much confusion around whether unemployment benefits under the CARES Act are taxable or not. As an unfortunate surprise to many, the unemployment benefits are indeed taxable.