Texas is our home state and we are proud of it! L.I.B. stands for “Lord I Believe”and we do believe! With over 20+ years of experience at L.I.B. Tax Service, we believe in building and maintaining successful relationships with our clients while bringing integrity and strong values to the work we do.
We provide consulting, bookkeeping, and tax preparation services including individual, business, and corporate taxes.
There have been important changes to the Child Tax Credit that will help many families receive advance payments starting this summer. The American Rescue Plan Act (ARPA) of 2021 expands the Child Tax Credit (CTC) for tax year 2021 only.
The third round of Economic Impact Payments was authorized by the American Rescue Plan Act of 2021 as an advance payment of the tax year 2021 Recovery Rebate Credit.Maxime repellendus beatae asperiores.
The first two rounds of Economic Impact Payments were advance payments of the 2020 Recovery Rebate Credit. Most eligible people already received the payments and won't include this information on their 2020 tax return.
