Some tax credits that families were granted over the last couple of years are changing.
COLORADO SPRINGS, Colo. - A tax preparer in Colorado says this tax season might look a little different for taxpayers than in recent years.
“We had a recovery rebate credit, which was good for $600, $1,200, or $1,400 per individual. But this year that’s gone,” Fruh said. “The child tax credit, which was good for $3,600 last year, has changed to $2,000 per qualifying child. Also, the Dependent Care Credit, which was good up to $8,000 last year, is back down to $1,221 this year,” Fruh said.“I think taxpayers should prepare for their tax returns to look more like 2018 and 2019,” Fruh said.
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