Menu

Individual Taxes Archive

Immigrant Parents Are Less Aware of Child Tax Credit Than US-Born Parents and More Likely to Plan to Use It to Invest in Education, Fill Gaps in Child Care and Health Care

TweetShareSharePin0 Shares Immigrant parents are less likely to have heard about the expanded child tax credit (CTC) than parents born in the United States, according to a survey conducted in early July. They’re more likely to see the credit as a way to invest in their children’s education and pay for child care and health

Crypto Tax Provision May Prompt Investors to Push Industry for More Compliance Help

TweetShareSharePin0 Shares The congressional debate over new tax compliance measures for cryptocurrency investors has primarily focused on two issues—the potential to raise new revenue and what parts of the industry may be reclassified as “brokers” who must transmit data on customer gains and losses to the IRS. But the bipartisan infrastructure bill seeks to do

How To Make Retirement Saving Easier For Millions Of Americans

TweetShareSharePin0 Shares Last month, a weekend of basement cleaning uncovered decades-old records of my first tax-advantaged individual retirement account (IRA) and three employer-sponsored retirement accounts I opened in my early twenties. My dad helped me open that first IRA with earnings from my high school job as a babysitter. He made saving easy for 16-year-old

A Carbon Tax is Not the Solution to Global Climate Change

TweetShareSharePin0 Shares The definition of insanity, according to a famous quotation (often mis-attributed to Albert Einstein) is “doing the same thing over and over and expecting different results.” I often think of that quote when I read yet another statement by noted economists touting a carbon tax as the solution to global climate change. Full

Clean Energy Tax Credits Can’t Do the Work of a Carbon Tax

TweetShareSharePin0 Shares As another season of record-breaking heat, wildfires, and hurricanes unfolds, Congress is debating how to address climate change and fund green infrastructure in its $3.5 trillion budget reconciliation legislation. Though Democrats have declared ambitious goals for addressing climate change, they continue to shy away from carbon pricing in favor of tax breaks for

TPC Answers Two Questions About Its Analysis of the House Ways & Means Committee’s Tax Bill

TweetShareSharePin0 Shares After the Tax Policy Center published its new analysis of the House Ways & Means Committee’s budget reconciliation tax plan, commentators asked two questions: Why did TPC suddenly create two sets of distributional tables: One that includes all major provisions of the bill and another that includes the individual income tax, the payroll

Whose Child Is It Anyway? The Ways & Means Definition Makes It Harder for The IRS To Know

TweetShareSharePin0 Shares To paraphrase Tolstoy, all simple families are alike; each complicated family is complicated in its own way. So when the tax code aims to deliver benefits for kids, expect complexity. But the proposed monthly child tax credit (CTC) in the Ways and Means reconciliation bill reaches new heights. It would extend the expansions

How To Fix the Problem of Small Retirement Accounts

TweetShareSharePin0 Shares Not only do many American fail to save enough for retirement, but many workers are plagued by a different, but related problem: They have collected multiple small job-based retirement accounts such as 401(k)’s. This is a problem because, when changing jobs, workers are more likely to cash out or lose track of small

Was The Senate’s Heated Crypto Tax Reporting Debate Much Ado About Nothing?

TweetShareSharePin0 Shares When Congress debates major legislation, the public often focuses on a single narrow issue—one frequently irrelevant to the main point of the bill. It happened when the Senate debated the $1 trillion infrastructure measure last month: Many paid outsized attention to tax reporting for cryptocurrency, a proposal that would have funded less than
You cannot copy content of this page
Social Media Auto Publish Powered By : XYZScripts.com