Do payments to an ex-spouse qualify as alimony?

Hello to my fellow Americans. I have the honor of presenting Storen Financial’s blog for the month of July. The month that we celebrate our independence from King George. And in keeping with the Spirit of ’76, we are going to talk about independence from a spouse and...

2021 Child Tax Credit Explained

*Blog updated 6/24/21. If you have dependents on your tax return under the age of 18 – Please read! Monthly prepayments from the IRS of the Child Tax Credit will begin July 15th. In March of 2021, Congress passed the American Plan Rescue Act. This legislation could...