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...
It doesn't cost anything to give yourself six more months to file your 2023 income taxes.
(The Center Square) – In the stack of more than 80 bills the Missouri House of Representatives voted to send to the Senate is an effort to phase out the corporate income tax and end tax credits. If the Senate passes House Bill 2274 as it currently is written, the corporate tax rate would decrease from 4% to 3% on Jan. 1, 2025, drop to 2% in 2026, 1% in 2027, and no corporate tax would be imposed in 2028 and thereafter. The bill was first read in the Senate in late March and no...
SubmittedA tax credit is an amount taxpayers claim on their tax return generally to reduce their income tax. Eligible taxpayers can use them
We seem to tacitly accept that we will never give teachers the funding they need to do the job we want them to do, so instead we are going to try to make buying school supplies a little more palatable to them.
We seem to tacitly accept that we will never give teachers the funding they need to do the job we want them to do, so instead we are going to try to make buying school supplies a little more palatable to them.
GALLUP, N.M. (KRQE) – KRQE News 13 has learned that the Gallup firefighter who's facing charges of downloading child pornography is accused of doing so while at work. Andres Garcia, 31, is accused of downloading the child pornography during his shift at the Gallup Fire Department. The McKinley County Sheriff's Office confirmed that only authorized employees []
Prime Minister Justin Trudeau is offering more tax breaks to automotive
Prime Minister Justin Trudeau is offering more tax breaks to automotive