Swartz Retson & Co PC

NOTE FOR 2021 TAX RETURNS - The IRS started issuing information letters to advance child tax credit recipients in December.

Recipients of the third round of the Economic Impact Payments will begin receiving information letters at the end of January. Using the information in these letters when preparing a tax return can reduce errors and delays in processing.

People receiving these letters should keep them. Do not throw them away. These letters can help taxpayers, or their tax professional prepare their 2021 federal tax return.

Be aware, you may be receiving an additional refund from Indiana next spring...

Holcomb Announces New Tax Refund - Inside INdiana Business Governor Eric Holcomb says an estimated 4.3 million taxpayers will receive a $125 refund after filing their 2021 taxes. Holcomb’s office says it is working with the Indiana General Assembly on legislation to streamline the process and make an additional 910,000 taxpayers eligible for the credit.

Reminder - the first Advance Child Tax Credit Payment will be issued on July 15th. You can find out more information regarding these payments at

Advance Child Tax Credit Payments in 2021 | Internal Revenue Service Find details about the advance Child Tax Credit payments, including how to get them or stop getting them.