In 2021, Congress enacted sweeping legislation that temporarily cut child poverty nearly in half . A key feature was the expanded child tax credit (CTC),...
The Biden administration’s plan for broad-based student loan forgiveness of up to $20,000 per individual won’t affect borrowers’ federal tax bills, but it could have...
Since 2002, teachers have been able to claim a modest educator expense deduction on their federal income tax returns. But is this tax benefit worth keeping?
Understanding how the Inflation Reduction Act (IRA) will affect the Internal Revenue Service’s operations requires wading through a swamp of misinformation, disinformation, and no information...
President Biden announced plans to forgive $10,000 in student debt for all borrowers with below $125,000 in annual income ($250,000 for couples), while Pell Grant...
With the near-certain enactment of the Inflation Reduction Act, the Internal Revenue Service is on track for an $80 billion boost to its ten-year budget...
On Monday, the Georgia Department of Revenue (DOR) released guidance for unborn children newly eligible for the state’s existing dependent deduction. Making unborn children eligible...
Senators Pat Toomey (R-PA) and Kyrsten Sinema (D-AZ) have proposed exempting cryptocurrency transactions of $50 or less from capital gains taxes. While it seems like...
