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3 mins read
Parents could spend $26,000 to care for one kid this year
Business Insider adjusted the latest estimate for the cost of raising a kid to account for inflatio…
Emily Canal,Andy Kiersz
3 mins read
Don't do your taxes yet. Parents and businesses could benefit from last-minute changes in Congress.
A bipartisan group of lawmakers is considering bringing the expanded Child Tax Credit back, along w…
Ayelet Sheffey,Juliana Kaplan
3 mins read
It's 'the hungriest summer in recent history' after Washington cut off stimulus and inflation rages on
Americans are getting back to work and even securing higher wages, but inflation and government aid…
Jason Lalljee
2 mins read
The IRS is rolling out a free tax filing pilot in 13 states. Here's where and who's eligible.
Taxpayers in 13 states may be able to try out the IRS's new free filing pilot in 2024.
Juliana Kaplan
2 mins read
Joe Manchin says he's engaged in 'no negotiation' on Biden's agenda this year — but the majority of voters still want it passed
The majority of voters still support provisions like the expanded child tax credit, but Manchin has…
Ayelet Sheffey
2 mins read
New year, same demands: Joe Manchin will consider supporting Biden's agenda if monthly child tax credits get an income limit — or are removed altogether
After dashing Democrats' hopes of passing President Joe Biden's economic agenda in 2021, Sen. Joe M…
Ayelet Sheffey
3 mins read
5 million kids fell into poverty last year after Congress cut off Biden's monthly checks to parents
The expanded child tax credit gave monthly checks to parents and helped pay bills. There were 5 mil…
Madison Hoff
1 min read
Tea exports rise 14.8 pc to 140.28 mkgs in Jan-Aug period this year
Exports of tea from India increased by 14.8 per cent to 140.28 million kilograms in the first eight…
PTI
3 mins read
The IRS's child tax credit portal 'looks like crap and it's not really usable' for low-income Americans trying to get $300 monthly federal payments
An expert tells Insider the tax-agency's non-filer portal is inconvenient and unusable. It could se…
Joseph Zeballos-Roig
2 mins read
Biden's budget would cut taxes for all low-income households but especially parents, analysis shows
The Tax Policy Center found Biden's budget proposes families with children getting a $3,200 tax cut…
Ayelet Sheffey
3 mins read
What Biden's new plan does for direct payments to Americans via tax credits - and what it doesn't
From expanded health care credits to child tax credits, Biden plans to assist working families and …
Ayelet Sheffey
3 mins read
Democrats are pushing Biden at the last minute to put a permanently expanded child tax credit in his latest economic plan
Making the monthly checks to parents from the stimulus permanent could collide into barriers in the…
Joseph Zeballos-Roig
3 mins read
55 progressive groups urge Biden to go big on 'family-friendly care infrastructure'
The letter called to permanently expand the Child Tax Credit and Earned Income Tax Credit and to pa…
Ayelet Sheffey
3 mins read
'Child care needs to be a guarantee' in the infrastructure bill, top Democrat says
House Ways and Means Chair Richard Neal said in a letter that strengthening the care economy includ…
Ayelet Sheffey
3 mins read
Most of the Democrats in the Senate are trying to make the expanded child tax credit permanent
Biden's stimulus is sending checks to American parents for a year, which should cut child poverty i…
Ayelet Sheffey
5 mins read
Congress created an actual safety net for Americans during the last crisis. Don't expect that to happen again.
"We were living like middle class people — and we felt like royalty, because it was so novel for us…
Juliana Kaplan
2 mins read
There's a good chance your tax refund will be smaller this year
Last year, parents could get up to $3,600 per child from the enhanced child tax credit. That's not …
Juliana Kaplan
2 mins read
Any future tax breaks for big corporations must also come with restarting monthly checks to parents, 58 members of Congress say
Congress may be looking at extending some tax measures. Progressives say that can only happen if ta…
Juliana Kaplan
2 mins read
The IRS could auto-fill nearly half of taxpayers returns, according to a new paper — meaning they wouldn't have to spend time and money filing their taxes
Right now, Americans spend billions of dollars — and hours — preparing their taxes. But many could …
Juliana Kaplan
3 mins read
5 Senate Democrats urge Biden to renew monthly checks to parents as the program is in danger of getting dropped from his social spending bill
"Nearly 10 million children will be thrown back into or deeper into poverty this winter" if the chi…