Tax Credit, Senate
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A new survey by Ramsey Solutions found that millennials and Gen Zers want the child tax credit (CTC) to be increased to $5,000. Some respondents claim this increase would have an impact on their decision to have children.
New House bill raises Child Tax Credit to $2,500 through 2028. But millions of low-income families may still be left out.
EV tax credit could be axed in as few as 180 days, tariffs move up car buying, and China's cash-starved EV industry is in trouble.
Expanding the Low-Income Housing Tax Credit could make a successful program even better—and address a major crisis.
Republicans who control the U.S. Senate Finance Committee unveiled changes to President Donald Trump's sweeping tax-cut and spending bill on Monday that would make business-related tax breaks permanent while modifying Medicaid reforms and a new federal deduction for state and local taxes.