Money Matters

Accounting, taxes, and more. Your financial questions answered.

New Requirements for Child Refundable Tax Credits

Taking advantage of child refundable tax credits can help you cut your tax bill, but before you claim a credit, you need to determine your eligibility. In addition, new requirements effective for 2016 are designed to help the IRS clamp down on fraudulent claims. All three credits are partially or totally refundable, meaning that they can reduce a t...
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