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Phone: (949) 356-0840
Email: irvinetaxsolutions@gmail.com

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RESOURCES

February 6, 2020

Not everyone is required to file an income tax return each year. Generally, if your total income for the year doesn't exceed certain thresholds, then you don't need to file a federal tax return. 

Consider your gross income thresholds

Most taxpayers are eligible to take the standard deduction. The standard tax deduction amounts that you're eligible for are p...

January 14, 2020

What is CTC? 

In 1998, the Child Tax Credit (CTC) was available for the public by legislation. This policy started from $400 for each qualifying child. It is used to relief the heavy tax that certain taxpayers with qualified dependents are facing. 

How much can you earn from it? 

As of today, this policy lifts the amount of credit to a considerable degree: 

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