Since 1997, the federal child tax credit continues to assist millions of families with providing for their children. Originally developed as a way to provide economic relief, it enables the taxpayer to receive a maximum tax credit of $2,000 for each qualifying child.On average, the credit
The Biden administration made an executive order focused on improving the “Customer Experience” for Americans. Especially those currently benefitting from a wide range of government services. Retirees will now be able to claim their benefits with ease. You’ll now be able to log onto a government
A (relatively) recent study by the University of Illinois Chicago found the sugar tax (implemented in several cities,Seattle included) in 2018 may permanently lower the demand for soft drinks.The study compared the amount of sugar sold in products containing the tax and the same product without
Taxing colleges has been making the news again thanks to a bill pitched by Ohio lawmakers to "Grow Ohio."For anyone out of the loop, Ohio is at a crossroads. For the first time in the state's history, their death rate exceeded the birth rate. This has caused numerous lawmakers and politicians
EV owners can start getting excited. The Build Back Better bill (signed by President Biden) passed the House of Representatives and is making its way to the Senate. This new EV tax credit should incentivize people to buy these climate-friendly vehicles by offering up to $12,500 in tax credits.
The new IRS tax rules might impact you, especially if you frequently use payment services like Venmo or Paypal. All common digital payment services, such as Venmo, Paypal, Square, Cash App, and Zelle are changing, starting on January 1, 2022. Obviously, if you're an independent vendor who accepts
There are speculations the child tax credit is dropping to $1,000 by the year 2025. For years, the credit has been in effect to provide a monetary value for parents tasked with taking care of their kids -- they are the future after all.Additionally, kids are one of biggest drivers of the
There are 614 billionaires in the US and 2,755 billionaires in the world. Together they have over $13 trillion worth of wealth. The average net worth of an American, removing the wealthiest, is around $120,000.The billionaires in the US alone, control $5 trillion. According to Forbes, the top 1%