Tax

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The Internal Revenue Service is set to begin sending the expanded child tax credit payments on July 15 to tens of millions of families, providing them with extra funds each month through the end of 2021 along with a tax break next year. ...
More than 35 million U.S. households are now getting monthly cash payments of their 2021 child tax credits. While the payments will help some families greatly, they could also bring unexpected tax bills next year. ...
President Biden's American Rescue Plan Coordinator Gene Sperling joined Stephanie Ruhle to discuss the new child tax credit aimed at eliminating child poverty hitting bank accounts across the country today. He also responds to whether the benefit could become permanent and says the administration "is truly delivering ... for the American people." ...
Senate Minority Leader Sen. Mitch McConnell (R-KY) on Tuesday teed off on a report showing a 5.4 per cent jump in inflation in June compared to last year, while blasting Democratic budget plans. ...

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