Senate, tax credit
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A new survey by Ramsey Solutions found that millennials and Gen Zers want the child tax credit (CTC) to be increased to $5,000. Some respondents claim this increase would have an impact on their decision to have children.
EV tax credit could be axed in as few as 180 days, tariffs move up car buying, and China's cash-starved EV industry is in trouble.
New House bill raises Child Tax Credit to $2,500 through 2028. But millions of low-income families may still be left out.
Expanding the Low-Income Housing Tax Credit could make a successful program even better—and address a major crisis.
Republicans who control the U.S. Senate Finance Committee unveiled changes to President Donald Trump's sweeping tax-cut and spending bill on Monday that would make business-related tax breaks permanent while modifying Medicaid reforms and a new federal deduction for state and local taxes.