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tax refunds – NBC4 Washington

The interest is a sweetener for individuals who have been waiting months for a tax refund because they either filed paper returns or require additional verification with the taxman and have been stymied by the agency’s gradual return to operations amid the coronavirus outbreak.

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You May Want to Opt Out of Early Child Tax Credit Payments – NBC 7 San Diego

There are several changes that have been made in recent years to the child tax credit. Greene-Lewis says this is the first time 17-year-olds qualify for the credit. The amount per child is also different. For children under 6 years old, you can receive up to $3,600 and for children between the ages of six and 17, you can receive $3,000. A single filer earning up to $75,000 will receive the full amount, as will a married couple filing jointly earning up to $150,000. Greene-Lewis says each thousand dollars over the threshold reduces the child tax credit you receive by $50. The IRS has already sent out letters to many people informing them of the advance on the child tax credit. The first one explains they are eligible for the program, while the second one gives the estimated amount you will receive.

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Who may want to claim, who may want to wait on child tax credits

Who may want to claim, who may want to wait on child tax credits
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What you can do to avoid a tax refund delay

Average refund is almost $3,000, but more taxpayers are facing delays this year due to IRS staffing and tax changes.

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Taxes Q&A: How can I file free online? Do I owe taxes on unemployment?

USA TODAY We have entered the final weekend of tax season. And, in these last days, USA TODAY has answers to your questions. You can submit your queries here and read answers to earlier questions below. We will be updating the Q&A, so keep checking. But, also look to these places: If you want to share your personal finance experience during the coronavirus crisis, you can email moneyforum@usatoday.com. Stay connected, even when we re all apart. Join our Money & Tech Facebook group or follow us on Twitter @USATODAYMoney for daily updates. How do I file a tax extension for 2021?

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