If you’ve been seeing posts saying “everyone gets $2,200 per child” — pause. That’s not the full story. Here’s the real breakdown ⬇️ ✅ The Child Tax Credit is worth up to $2,200 per qualifying child Those two words matter: up to Here’s how it actually works: • The credit first goes toward any federal taxes owed • If there’s little or no tax owed, you may still get part of it back • The refundable portion is called the Additional Child Tax Credit (ACTC) 💡 ACTC basics: • Max refundable amount: $1,700 per child • You must have at least $2,500 in earned income • Earned income = W-2 or self-employed work • The refund phases in gradually based on income That’s why: ❌ Not everyone gets the same refund ❌ Viral posts can be misleading ✅ Income + work history matter This is exactly why we don’t rely on internet headlines — we rely on facts and the IRS code. 📌 Pro tip: If you’re a tax pro, make sure you’re explaining this clearly to clients before expectations are set. Clarity builds trust. Confusion creates problems.

A major update just reshaped the landscape for millions of U.S. workers - and tax professionals need to be ready. The Big Beautiful Bill Act, signed on July 4, 2025, introduces a brand-new temporary deduction that allows eligible taxpayers to exclude up to $12,500 ($25,000 MFJ) of qualified overtime pay from taxable income from 2025 through 2028. Below is a quick breakdown to help you stay ahead of the changes and guide your clients with confidence. 🆕 What the New Overtime Deduction Offers For tax years 2025–2028, eligible individuals can deduct: - $12,500 for Single, HOH, or MFS - $25,000 for Married Filing Jointly This applies only to the premium portion of overtime pay - not the entire OT wage.

The #IRS has just launched the 2025 Nationwide Tax Forum Online, providing access to seminars recorded at this year's IRS Nationwide Tax Forum and continuing education credits for a fee of $29.00 per credit. Courses can also be reviewed for free. https://ow.ly/JXPF50Xmx6z

The #IRS has announced tax relief for individuals and businesses in parts of Missouri who were affected by severe storms, straight-line winds, tornadoes and flooding that began on March 30, 2025. Affected individuals and businesses will have until March 30, 2026, to file returns and pay any taxes that were originally due during this period. https://ow.ly/E6kG50Xt4fG

IRS announces e-file shutdown for both business and individual returns will be 12/26/25.