Dakotaland FCU Blog

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Taxes & Bookkeeping, Cyber Security, Dakotaland Federal Credit Union

IRS Imposter Scams

Be on the lookout in 2022. Learn how to spot scammers who pretend to be Internal Revenue Service officials. Email messages and phone calls which appear to be coming from the IRS should always be verified before giving out any personal information, account data or sending money.

Taxes & Bookkeeping, Dakotaland Federal Credit Union

Opt Out of Child Tax Credit Advance

The IRS website for the Advance Child Tax Credit has been updated to include the portal to unenroll from the monthly payments scheduled to start July 15th. This link will provide you with more information and/or unenroll inthe advanced payments of the Child Tax Credit.

Taxes & Bookkeeping, Dakotaland Federal Credit Union

2021 Child Tax Credit

The IRS has released notice that families meeting the income thresholds will start receiving monthly advancements of 50% of their 2021 Child Tax Credit starting July 15th and the last payment being on December 15th. It is important to remember that this is an ADVANCEMENT of a tax credit you would normally receive on your annual return. Taking the advancement will reduce your credit when filing ...

Taxes & Bookkeeping

Earned Income Tax Credit

The Earned Income Tax Credit (EITC) helps low- to moderate-income workers and families get a tax break. If you qualify, you can use the credit to reduce the taxes you owe – and maybe increase your refund.