Debt Management Services

 

 

If you have serious financial difficulties and cannot find a solution, a non-profit credit counseling service may be able to help.  Credit counseling services are provided by organizations designed to help persons with debt problems pay their bills.  Some credit counseling services charge small or no fees for helping people develop a spending plan.  Consumer Credit Counseling Services, credit unions, banks, and housing authorities provide financial counseling.

 

 

Credit counseling professionals can help you create and use a financial plan.  If your income is not sufficient to pay all your debts, they can help you work out a debt repayment plan.  With this plan, you deposit money each pay period with the credit counseling service and they pay your bills according to your debt repayment plan.  They may also require that you not use any additional credit until you have repaid your present debts, unless approved by your credit counselor.

 

 

Child Tax Credit

Child Tax Credit

The Child Tax Credit can lower the amount of income tax you owe and increase any refund you might receive. The benefit can be as high as $1,000 per child. Information is available in IRS Publication 972. The tax credit application form and the IRS Publication are available at: www.irs.gov or by calling the IRS at 1-800-829-3676 or 1-800-829-1040.

 

Eligibility requirements are fully explained in IRS Publication 972, or in the Form 1040 or 1040A Instructions, and include the following:

  • The child must be 17 years of age or younger by the end of the tax year
  • The child must be a U.S. citizen, resident, or national

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