W4 vs W2: Understanding the Key Differences and Their Importance

When it comes to US taxes and income reporting, W4 and W2 forms are frequently referenced, yet many don’t fully grasp their differences and significance. Herein, we will outline their distinctions and outline how they might impact your financial position. What is a W2 Form? Employers provide employees with W2 forms annually as the Wage … Read more

What Is 2022-2023 Child Tax Credit: Requirements & How to Claim

Introduction The Child Tax Credit (2022-2023) is an invaluable financial resource for American families, designed to offset some of the costs of raising children. Since its introduction, significant modifications have taken place that increase benefits for eligible taxpayers. We will cover everything you need to know about the Child Tax Credit in this guide, from … Read more