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The IRS has issued a request to taxpayers with extensions for their 2024 federal tax returns to file them in the summer months.
Lower taxes on tips, overtime and capital spending offer a modest tailwind, even as big deficits threaten future growth.
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Congress temporarily boosted the value of the Child Tax Credit (CTC) and expanded the maximum credit, for the first time, to ...
A deep dive into the second Economic Impact Payment. How much individuals and families received, who qualified, and phase-out rules.
U.S. President Donald Trump’s tax and budget bill would increase deficits by US$2.8 trillion over the next decade, according to the Congressional Budget Office.
The highest-earning U.S. households would see the biggest gains under the GOP budget package thanks to tax cuts, CBO analysis finds.
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