By the end of Monday, tens of millions of American families will have claimed their child tax credit on their 2023 tax returns. But for many families, that credit will be hundreds, or even thousands, of dollars smaller than it could have been. And all the blame for those smaller credits belong to Senate Republicans. In 2021, the American Rescue Plan temporarily increased the tax credit from $2,000, where it was set under the 2017 tax cuts, to $3,000 (or $3,600 for children under 6). It also made...
If you're still waiting on your child tax credit refund to arrive, we'll
Tax Day is in two days, which means you're running out of time to claim your child tax credit money. Here's how the credit works this year.
The American Rescue Plan, a landmark legislation, has not only increased the Child Tax Credit but has also broadened its reach, aiming to provide substantial assistance to families caring for children. This expansion, hailed for its potential to significantly alleviate child poverty, has seen several revisions, including increased credit amounts, full refundability, and an expanded scope, particularly catering to families previously excluded from its...
Polysilicon manufacturer Highland Materials has secured US$255.6 million in 48C tax credits to build a polysilicon plant in the US.
April 15 is Tax Day for most filers and the last chance to avoid federal late-filing and payment penalties for 2023 taxes.
As is so often the case with Bidenomics, even good news is bad news because of the upward inflationary pressure.
Tax Day in the U.S. is April 15. Here's how much Mark Cuban pays in taxes, plus IRS-approved resources on where to file a tax extension for free online.
United States prosecutors have charged Charles O. Parks III with wire fraud and money laundering after he allegedly ran a “large-scale illegal ‘cryptojacking’ operation,” defrauding two cloud computing providers out of $3.5 million to mine $970,000 in cryptocurrencies such as ether, litecoin, and monero without authorization. Parks, who was arrested in Nebraska and faces up […]
Developer Landfall gave away its newest game, Content Warning, when it launched on Steam. Over 6.6 million gamers received it, and even after the free game giveaway, it still sold 1 million copies.
Cosmos developers have successfully rectified a critical security vulnerability in its Inter-Blockchain Communication (IBC) protocol, which had placed assets worth at least $126 million in jeopardy, following a private notification from Asymmetric Research. This flaw, existing in the protocol since its 2021 inception, became exploitable recently with the introduction of new codebase developments but was […]
Christian Langalis, famously known as “Bitcoin Sign Guy,” has auctioned the “Buy Bitcoin” sign he displayed during Janet Yellen’s 2017 Congressional testimony for 16 BTC, approximately $1 million dollars at current prices. The sign was listed on the Scarce City marketplace, and was drawn on a yellow legal pad with a Uniball Vision pen. Langalis […]