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Prices are rising on all types of goods nationwide and squeezing Americans’ budgets. Inflation reached 7.9 percent for the 12-month period ending February 2022. The struggle is many people’s income is not matching that rate of inflation.

In recent years, the average tax refund was almost $3,400. According to a study conducted by J.P. Morgan Chase Institute, many people wait for their tax refund, so they can pay for medical expenses not covered by insurance. For example, close to one-third of people spent part of their tax refund at...

The Advance Child Tax Creditwas a provision of the American Rescue Plan of 2021.

There have been a lot of changes to the tax code, and you’ll see some differences in your 2021 taxes this year as a result.