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How Biden's spending package will affect taxpayers: from child tax credit to net investment income tax

How Biden’s spending package will affect taxpayers: from child tax credit to net investment income tax

For many families, the Build Back Better plan's biggest change is the extension of the enhanced child tax credit through 2022. The House bill also has a dramatic change in the deduction for state ...
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5 things in Biden's $2 trillion spending plan that could get stripped out by the Senate

5 things in Biden’s $2 trillion spending plan that could get stripped out by the Senate

Biden's $2 trillion social spending bill faces a possible overhaul in the Senate. Manchin has expressed opposition to provisions including four weeks of paid leave. Other Democrats want to scale back a program providing ...
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Build Back Better expands EV tax credit with $12.5K incentive on American-made electric cars

Build Back Better expands EV tax credit with $12.5K incentive on American-made electric cars

The Build Back Bet The Build Back Better Act includes a new electric vehicle tax credit of up to $12,500 for drivers who buy an American-made electric car, which can make these vehicles more ...
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How the Build Back Better Act is giving high earners a one-year tax break

How the Build Back Better Act is giving high earners a one-year tax break

The Build Back Better Act that House Democrats passed Friday has tax provisions with different start dates and duration. Households’ tax bills may vary greatly from year to year, especially from 2022 to 2023, ...
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A Better Way To Tax Corporations Than The House’s Book Minimum Levy

A Better Way To Tax Corporations Than The House’s Book Minimum Levy

After rejecting corporate income tax rate increases to help pay for President Biden’s Build Back Better plan, House Democrats passed a 15 percent alternative minimum tax on the income very large corporations report to ...
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