The IRS has created a portal for parents to update their information for the advance Child Tax Credit. At this point, the portal only allows parents to check on their eligibility, view their upcoming payments, or to unenroll from receiving advance payments.
U.S. home prices are up a record 13.2% compared to last May, according to Zillow. Some cities, such as Austin, Phoenix, and Salt Lake City, saw prices rise by 20% or more. Low mortgage rates, low supply and increased demand are all contributing to a hot housing market, with many homes selling in under a week. Rents are also up 5.4% compared to last May.
The IRS launched a new tool on its website to help families who normally do not file tax returns sign up for the monthly advance child tax credits.
