Many Happy Returns

To all of Our Valued Clients...We pray for your safety during these very trying times. Please note WE ARE OPEN following the rules of Covid -19 social distancing. We are accepting mail ins and appointments ( keeping safe distance) Call us for any details 718-667-0209 Stay Calm and Stay Safe Team at MHR Tax

The Treasury Department was given discretion to set new withholding levels, which I.R.S. officials finished early last year to help taxpayers ensure they would not have too much or too little held back from their paychecks.

The Child Tax Credit (CTC) increases until 2025. For qualifying children under 17, the CTC doubles from $1,000 to $2,000. Your dependent must also have a social security number for this credit. Moreover, the TCJA combines the Additional Child Tax Credit (ACTC) with the CTC. You can then receive a refundable credit of up to $1,400 after removing your tax.

It's Official -- Here's When You Can File Your Tax Return in 2019 The IRS just announced some important details about 2019's tax season. Matthew Frankel, CFP (TMFMathGuy) Jan 8, 2019 at 10:03AM To the relief of millions of Americans expecting tax refunds in the next few months, the IRS and the Trump administration recently announced that the start of tax season and the issuance of tax refunds would not be affected by the government shutdown, even if it lasts well into the sta...rt of tax season. If you're wondering when you'll be able to file your taxes, or if you want to know when you can expect your tax refund to appear in your bank account, here's a rundown of the latest available information from the IRS regarding 2019's tax season. Money laying on top of a US Government check. IMAGE SOURCE: GETTY IMAGES. The start of tax season There has been rampant speculation that the start of tax season would be delayed in 2019 due to the government shutdown, but that doesn't appear to be the case. The IRS just announced that it would start processing tax returns on Jan. 28, 2019, which is consistent with the start of tax season in recent years. To be clear, Americans can start submitting their tax returns as soon as they have all of the necessary information to do so. In fact, it's a good idea to file your return as early as possible in order to minimize the risk of identity theft. However, the IRS will not begin processing any tax returns until Jan. 28.