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Five Things to Know About the Child Tax Credit

The Child Tax Credit is a tax credit that may save taxpayers up to $1,000 for each eligible qualifying child. Taxpayers should make sure they qualify before they claim it. Here are five facts from the IRS on the Child Tax Credit:

1. Qualifications. For the Child Tax Credit, a qualifying child must pass several tests:

·         Age. The child must have been under age 17 on Dec. 31, 2016.

Don’t Fall for Scam Calls and Emails Posing as IRS

Scams continue to use the IRS as a lure. These tax scams take many different forms. The most common scams are phone calls and emails from thieves who pretend to be from the IRS. Scammers use the IRS name, logo or a fake website to try and steal money from taxpayers. Identity theft can also happen with these scams.

Taxpayers need to be wary of phone calls or automated messages from someone who claims to be from the IRS. Often these criminals will say the taxpayer owes money. They also demand payment right away. Other times scammers will lie to a taxpayer and say they are due a refund. The thieves ask for bank account information over the phone. The IRS warns taxpayers not to fall for these scams.

Below are several tips that will help filers avoid becoming a scam victim.

IRS employees will NOT:

Early Withdrawals from Retirement Plans

Many people find it necessary to take out money early from their IRA or retirement plan. Doing so, however, can trigger an additional tax on top of income tax taxpayers may have to pay. Here are a few key points to know about taking an early distribution:

2 Your Career: What Qualities are Employers Seeking What can You Expect

2 Your Career: What Qualities are Employers Seeking What can You Expect

 

You may be surprised to learn that your next employer generally not looking for just the best educational scores, or the most student athletics, or the most after class activities. So there is a simple question – what are employers looking for? Well one of the questions the employer will most likely ask is “How long do you plan to stay with the company?” Employers make a large investment in training, recruiting and need a return on their investment. If you do not plan on being on board with the company for a long time, the employer can be wasting money on the recruitment efforts. Other important things to keep in mind when applying for employment are the employer’s judgement about commitment, interest, consistency, Professionalism of the candidate, and the maturity and confidence of the candidate. Employers do not want to hand hold their employees.

Using Careerbuilder.com and Glassdoor  using selected terms this is what I found.

2 Your Career: Personality Tests As Career Tools

2 Your Career: Personality Tests As Career Tools

Choosing a Career> Online Tools>

It can be helpful to focus on what you have been good at and what you have enjoyed. This can be different and unique and makes each one of us special. Some people have a special gift for creativity and others may have a call to service, to service others. The important thing to remember is you are not your job, a job is what you do to support your family, support your life needs, pay your rent, but don’t let anything get in the way if family and your happiness.

Maybe your natural skill of a language and ability to communicate with others may lead you to a career in teaching languages. You may be the person that helps someone communicate more skillfully and that can lead to better tomorrows.

Some of the tools that are available to help find a new career include the following:

Myers-Briggs Type Indicator (Similar can be found online)

2 Your Career: Personal Investment and Willingness to Change

2 Your Career: Personal Investment and Willingness to Change

Employment > Personal Investment > Part of A Multipart Series

When starting your search in a specific market, or a specific industry, it is important to know how much of a personal investment you are willing to make into your success to obtain the most powerful experience, and assets for your possible future employers,

The State of the Industry

Ask Yourself whether the industry you are interested is in a bear or bull status for not only the current but in the next five to ten years.  It is an important to keep in mind just because a certain field is excelling at the time you are ready to seek work. Keeping in mind that many products, trends and hiring patterns are cyclical, or run along with a product life cycle.  Good Examples would be landscaping can turn to snowplowing. Tax accounting may turn to financial advising, and possible quarterly filings.

Industry Booming or Busting:

Choosing the Correct Filing Status

When taxpayers file their tax return, it’s important they use the right filing status because it can affect the amount of tax they owe for the year. It may even determine if they must file a tax return at all. Taxpayers should keep in mind that their marital status on Dec. 31 is their status for the whole year.

Sometimes more than one filing status may apply to taxpayers. When that happens, taxpayers should choose the one that allows them to pay the least amount of tax.

When filing their tax return, taxpayers have IRS e-file as the easiest and most accurate way to file. Its tax software helps them choose the right filing status. Most people can use tax software and e-file for free with IRS Free File. This is a free service only available on the IRS website. Visit IRS.gov and click “Free File” on the home page.

Here’s a list of the five filing statuses: