Fact Check

In today’s newsletter, we want to address the rumors about IRS Tax Credits.

There are claims circulating that the IRS is currently sending Child Tax Credit payments to taxpayers in 2024. However, these claims are based on previous years' legislation and have not been confirmed for 2024.

Taking tax advice from social media can be inaccurate or misleading. Social media is not the ideal place for reliable tax advice. Always consult the official IRS website for accurate and updated information, or speak with your tax advisor.

The IRS has published news releases to address this issue. You can read about it here: IRS Newsroom: Taking Tax Advice on Social Media Can Be Bad News.

We’ll do our best to keep you informed about any tax updates that could affect or benefit you. Please do not fall for misleading information on social media.

If you have any questions about this topic, feel free to reply to this email.

Best regards

MCS Tax Services.