Billionaires with $1 salaries, and other legal tax dodges the ultrawealthy use to keep their riches

Ray Madoff, a Boston College law professor, has written a new book: "The Second Estate: How the Tax Code Made an American ...
Governing

More Jurisdictions Are Creating Child Tax Credits

Washington, D.C., will become the first city with a local child tax credit. The credit is part of a strategy aimed at fighting child poverty, after evidence showed significant impacts from a temporary ...
Center on Budget and Policy Priorities

Advance Tax Credits Can Help Families Deal With Inflation, Affordability

States can help families afford the rising cost of basic needs by considering legislation that gives families the option to receive tax credit payments in advance. Minnesota is the only state with ...
WJTV

Mississippi lawmakers consider changes to child care tax credits

JACKSON, Miss. (WJTV) – The Mississippi Economic Development Council asked state senators to make the Child Care Tax Credit offered to businesses more realistic. The council is asking for changes to ...
The Santa Fe New Mexican

New Mexico taxation department works to increase utilization of child tax credit

Email notifications are only sent once a day, and only if there are new matching items. More New Mexico families have been taking advantage of the state’s child tax credit in recent months, with ...
Finance & Commerce

Treasury’s tax credit eligibility change could hurt immigrant taxpayers

WASHINGTON — The U.S. Treasury Department said Thursday it plans to reclassify certain refundable tax credits as “federal public benefits,” which will bar some immigrant taxpayers from receiving them, ...
abc27

What is the Working Families Tax Credit? Pennsylvanians get new tax cut

HARRISBURG, Pa. (WHTM) — Pennsylvania families got a new tax credit when lawmakers passed the state’s budget. The $50.1 billion budget, which arrived on Gov. Josh Shapiro’s (D) desk Wednesday after ...
The Motley Fool

Parents Could Get a Bigger Tax Break in 2026 Here's How to Lock It In Now

Parents could see a bigger refund next year thanks to updates to the Child Tax Credit and other family-friendly IRS changes taking effect in 2026. The Child Tax Credit rises to a maximum of $2,200 per ...
KOAT Albuquerque

$10 million available in unclaimed child tax credits

Nearly 24,000 New Mexico families could be missing out on more than $10 million in child tax credits they didn’t claim on their 2023 or 2024 returns.According to the New Mexico Taxation and Revenue ...
Reuters

Exclusive: GM backtracks on plan to claim last-minute EV tax credits

GM cancels EV lease tax credit program after concerns from Senator Moreno Program aimed to ease impact of tax credit expiration on dealers Ford's similar program status unclear, spokesperson declined ...
kcra.com

Tax season brings changes to child tax credits and updates for seniors

WE ARE STILL MONTHS AWAY FROM TAX SEASON, BUT IT’S NEVER TOO EARLY TO BE PREPARED FOR THE CHANGES THAT ARE ON THE WAY. AND THAT INCLUDES CHANGES TO CHILD TAX CREDITS AND SOME UPDATES FOR SENIORS. SO ...
Health Affairs

Expanded Child Tax Credit Payments During Pregnancy Were Associated With Decreased Odds Of Adverse Birth Outcomes

The 2021 expanded Child Tax Credit (ECTC) provided families with six monthly cash transfer payments disbursed between July and December 2021, with the goal of alleviating financial strain during the ...