The arrival of 2021, as welcome as it was, put a damper on most of Americans’ moves to lower their 2020 tax bills. The window for things like making charitable donations or …
Read More »Here’s how you can save on 2020 taxes
New $ 3,000 Child Tax Credit Would Help 10 Million Poor Children
Democrats’ plan to increase the child tax credit to $ 3,000 per school-age child in the next $ 1.9 trillion Covid-19 aid package would raise nearly 10 million children above or closer …
Read More »US National Debt Likely to Nearly Double to 202% of GDP by 2051, CBO Projects
Federal debt is projected to nearly double to 202% of gross domestic product by 2051, the Congressional Budget Office said Thursday, reflecting rising health care and debt service costs. The U.S. economy …
Read More »Senate pushes Democrats’ Covid-19 aid bill
Republicans can’t stop Democrats from passing the legislation, but they plan to lengthen the timeline. Senator Ron Johnson (R., Wis.) Forced Senate staff to read the 628-page bill aloud, which is expected …
Read More »Biden asks for more time on decision to release Trump taxes
Former President Donald Trump Photographer: Al Drago / Bloomberg Photographer: Al Drago / Bloomberg The Biden administration said it needed more time to decide whether to turn over former President Donald Trump’s …
Read More »What the self-employed need to know about the new PPP loan rules
chee gin tan | E + | fake images The Small Business Administration on Wednesday released a new loan application and calculation formula for the Self-Employed and Self-Employed Paycheck Protection Program loans. …
Read More »The right time to file income taxes could mean more stimulus control
Douglas Sacha | Moment | fake images Timing to file a 2020 tax return is very important this year – if you get it right, it could lead to a bigger stimulus …
Read More »Here’s how soon the money could come
Millions of Americans could receive new stimulus checks worth $ 1,400 now that the House of Representatives has passed the latest coronavirus relief bill. The fate of those payments is now in …
Read More »Sen. Elizabeth Warren Introduces “Ultra Millionaire” Estate Tax Bill
Sen. Elizabeth Warren (D-Mass.) Introduced a bill in the Senate on Monday that would impose a new tax on the assets of America’s richest people. Because it is important: The plan, which …
Read More »House raises the child tax credit to $ 3,000, but only for one year
The House of Representatives on Saturday approved the $ 1.9 trillion Covid-19 aid package, which included a temporary increase in the child tax credit. The House American Rescue Plan increases the child …
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