More Families Can Claim Earned Income Tax Credit and Child Tax Credit, Announced With Second Stimulus Checks, Reports Bambridge Accountants New York
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NEW YORK, Jan. 8, 2021 /PRNewswire/ In addition to the second stimulus checks for $600 per person that were announced as part of the Further Consolidated Appropriations Act (FCAA), the Act also contains tax reliefs for education, business meals, and help for those who did not receive the first stimulus check, reports Bambridge Accountants New York.
More individuals and families will also be able to claim the Earned Income Tax Credit and Child Tax Credit when they file their 2020 tax returns.