Understanding Social Security Numbers (SSN): Key Facts & Purposes
Understanding Social Security Numbers (SSN): Key Facts & Purp…
4 months ago
investopedia.com
CJ Tax Services Missouri City on Instagram: "Quick tax education because this confuses a lot of people 👇🏽 ✅ Some credits cap at 3 kids EITC (Earned Income Credit) only increases up to 3 qualifying children. So if you have 4+ kids, that 4th child won’t increase EITC. ✅ But CTC is different Child Tax Credit (CTC) can apply for each qualifying child under 17 (with a valid SSN), as long as they meet the rules. ⚠️ Why adding another child sometimes doesn’t change the refund: • You may already be at
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CJ Tax Services Missouri City on Instagram: "Quick tax education b…
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Minh Nguyen on Instagram: "Parents — here’s the quick step-by-step to elect a Trump Account for your child: 1. Check eligibility: born Jan 1, 2025–Dec 31, 2028, U.S. citizen, valid SSN. 2. Get the form: download IRS Form 4547 on IRS.gov/Form4547. 3. Elect the account: complete Form 4547 (or the IRS online option expected mid-2026 at trumpaccounts.gov). 4. Activate it: Treasury/its agent sends you the steps after your election. 5. Funding rules: no deposits before July 4, 2026; after that, parent
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Minh Nguyen on Instagram: "Parents — here’s the quick step-…
61.6K views2 months ago
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DMV Alternative|Insurance|Tax on Instagram: "Some credits and deductions are limited or unavailable without an SSN 😭😤 According to recent IRS-aligned guidance: • Child Tax Credit (CTC) now requires a valid SSN an ITIN alone is not sufficient to claim it on your return. • Earned Income Tax Credit (EITC) and New deductions like no-tax-on-tips and overtime exclusions are generally not available if filers only have an ITIN. • Certain new senior and wage-earning benefits may also be limited to SSN
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DMV Alternative|Insurance|Tax on Instagram: "Some credits and ded…
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