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Business Insider Latest Story Image
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   


Business Insider Latest Story Image
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   


Business Insider Latest Story Image
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   


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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   


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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   


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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   


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2 mins read

Ayelet Sheffey   


Business Insider Latest Story Image
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   


Business Insider Latest Story Image
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   


Business Insider Latest Story Image
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   


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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   


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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   


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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   


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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   


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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   


Business Insider Latest Story Image
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   


Business Insider Latest Story Image
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   


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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   


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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   


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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…

Joseph Zeballos-Roig