Richmond Multi Services

11/01/2021

Child Tax Credit Update Portal will now allow individuals to make changes to their Income for Advance Child Tax Credit Payments

As of today (November 1), a new feature has been added to the IRS Child Tax Credit Update Portal. The new feature will allow individuals to make changes to their income for 2021 for purposes of the advance child tax credit payments for the remaining two months of this year.

For any income changes to go into effect for the upcoming November 15 payment an individual must make the change by midnight tonight. If an individual is unable to make the change by tonight, then any changes to income that are made between November 2 and November 29 will go into effect for the December 15 advance child tax credit payment.

Also, remember that today is the deadline for making any changes the taxpayer wishes to make for the November 15 payment such as bank account information, address change or to opt-out of receiving changes.

For more details see the IRS News Release of October 29 - Child Tax Credit: Families with income changes must enter them in IRS online portal to impact Nov. 15 payment

IR-2021-211, October 29, 2021 — On Monday, November 1, the Internal Revenue Service will launch a new feature allowing any family receiving monthly Child Tax Credit payments to update their income using the Child Tax Credit Update Portal (CTC UP), found exclusively on IRS.gov.

09/23/2021

08/31/2021

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05/12/2021

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03/23/2021

FYI:

For those who received unemployment benefits last year and have already filed their 2020 Form 1040 or 1040-SR, there is no need to file an amended return (Form 1040-X) to figure the amount of unemployment compensation to exclude. The IRS will refigure the taxes using the excluded unemployment compensation amount and adjust the taxpayer's account accordingly. The IRS will send any additional refund, if applicable.

04/09/2020

Hello we hope you find yourselves safe. Richmond multi services will be doing appointments for your tax needs ( which can also be done remotely from your phone 📲) and appointments for your title transfers and plates registration needs. Tuesdays and Thursdays we will be here from 12pm -3pm for those appointments or walk ins. For more information call 713-261-9157