federal taxes Archive

What’s Going on with the Child Tax Credit Debate?

TweetShareSharePin0 Shares President Biden expanded and fundamentally changed the Child Tax Credit (CTC) for one year in the American Rescue Plan (ARP) passed in March 2021. Policymakers are now deciding the future of the expansion as part of the proposed reconciliation package, but a wide range of estimates for the effects of a permanent expansion

A CTC Work Requirement? | Tax Policy Center

TweetShareSharePin0 Shares Changes to the CTC proposed by Sen. Manchin. Axios reports the West Virginia Democrat asked the White House to add a work requirement to an expanded Child Tax Credit and limit benefits to families with incomes of about $60,000 or less. Such a change would reduce the $3.5 trillion price tag of the

Projection for Diesel Fuel Prices

TweetShareSharePin0 SharesProjection for Diesel Fuel Prices For as long as the prices of crude oil and the demand for distillate fuels are maintained at a high level, the retail diesel fuel prices will in most likelihood be high, too. The Energy Information Association (EIA) has released a report on what is likely to happen for

Qualify for Penalty Relief (Abatement) with Reasonable Cause

TweetShareSharePin0 Shares Reasonable Cause Not Willful Neglect to Avoid IRS Penalties Penalty Relief (Abatement) with Reasonable Cause Reasonable Cause Not Willful Neglect to Avoid IRS Penalties: It would be literally impossible to try to find a standard more nebulous and precarious for Taxpayers seeking to avoid IRS penalties than the phrase “Reasonable Cause and Not

2021 International Tax Competitiveness Index

TweetShareSharePin0 Shares Note: Each year we review and improve the methodology of the Index. For that reason, prior editions are not comparable to the results in this 2020 edition. All data and methodological notes are accessible in our GitHub repository. Below is a preview of the 2021 Index. To access the full report, click the download

Is Panama Returning to the 90-Day Tourist Visa?

TweetShareSharePin0 SharesIs Panama Returning to the 90-Day Tourist Visa? Panama Tourist Visas – The length of the tourist visa that has been reduced to 30 days from 90 days (first reported: Panama Tourist Visa Changes) is on schedule to be readdressed in a special session of the Panama Legislature to be held in Mid-July. It
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