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Tax Season Credit Changes on the Horizon

Feb 29, 2024 12:00:00 PM

The Tax Relief for American Families and Workers Act is currently stalled in the Senate but is expected to continue to move forward in some form over the coming weeks. With the potential passing of the ACT, tax law changes could be taking effect mid-tax season. The IRS commissioner recently testified before Congress that it would take the IRS 6-12 weeks to be able to implement the changes to the Child Tax Credit alone.

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Christine Gervais

Christine Gervais is a licensed CPA, using her skills to help businesses grow and achieve their fullest potential. Christine has a Master’s degree in accounting from Southern New Hampshire University in addition to holding her CPA license for over a decade. Notably, Christine is a nationally recognized speaker providing education to other CPAs on how to best serve clients as well as instruction on a wide variety of topics for business owners on how to maximize success. Christine prides herself on the value she can bring to clients with her extensive tax knowledge and provides strategic, forward-thinking financial strategies to help clients grow. When not behind her desk, you can find Christine spending quality time with her daughter and stepson or tending to the family’s excessively loved farm animals.

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Topics from this blog: Premium Tax Practice News Tax Laws Tax Preparer Tax Season