In this episode of ‘Dr. Friday Tax Tips – One Minute Moment,’ Dr. Friday, President of Dr. Friday’s Tax and Financial Firm, sheds light on the Child Tax Credit (CTC) for the 2023 tax year. She emphasizes the importance of correctly filing taxes to capitalize on the $2,000 per child credit, of which $1,600 is refundable. Dr. Friday advises against hastily filing taxes just to receive the CTC and underscores the significance of accuracy in tax filing to avoid delays in refunds. For any tax-related queries, she provides her contact number and also invites listeners to her weekly call-in show on 99.7 WTN every Saturday from 2-3 PM.
Transcript
G’day, I’m Dr. Friday, President of Dr. Friday’s Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment.
Child Tax Credit, also known as CTC, is a break for families with children below the age of 17 that also meet certain income limitations. In 2023, which we’ll be filing now, but for the tax year of 2023, that’s $2,000 per child, 1,600 of it can be refunded. So making sure that you file everything properly, this could delay your refund, but it’s so important to make sure taxes are filed. Don’t just rush to file your taxes just because you think you’re going to get this refund. Make sure they’re right, double-check them, then file them. If you have questions, 615-367-0819.
You can catch the Dr. Friday call in show live every Saturday afternoon from 2-3 PM, right here on 99.7 WTN.