The excess in the trust funds that disburse retirement, disability, and other Social Security payments would be drained by 2034, according to the Social Security Board of Trustees’ annual report for 2021. That’s a year earlier than the trustees predicted ...
After public outcry over the idea that taxpayers might have to snap selfies to access their IRS.gov accounts, the Internal Revenue Service reconsiders alternatives to ID.me, the controversial identity-checking system now used by states and other federal agencies. The Treasury ...
As the White House attempted to revive a limited version of the Build Back Better measure, top Senate Democrats urged President Biden to preserve the enhanced child tax credit payment as the “centerpiece” of a delayed tax and spending deal. ...
The American Rescue Plan Act was one of the Biden administration’s first significant legislative achievements. The Act was signed into law in March 2021 to help American families who are still dealing with the effects of the COVID-19 pandemic. Millions ...
Patricia Shibles, 50, was sentenced by a federal judge in the United States. Judge Mark Mastroianni of the District Court was sentenced to three years of probation, the first six months of which would be served in home detention. Shibles ...
The Internal Revenue Service sends letters to millions of parents who got advanced Child Tax Credit payments last year, pushing them to use Letter 6419 to complete their tax returns. However, the agency was alerted that some of the letters ...
Secretary of Education Miguel Cardona laid out his strategy for college affordability in a significant announcement on Thursday. One notable exclusion is student loan forgiveness on a large scale. While Cardona acknowledged that escalating tuition expenses have resulted in substantial ...
Elon Musk offered Jack Sweeney, a 19-year-old from Florida, $5,000 to remove his Twitter account that tracks the billionaire’s private jet, but he declined. Instead, the college student has created a dozen more flying bot profiles that follow the movements ...
On Monday, the Treasury yield curve flattened to its lowest level in almost a year as speculation about a hefty Federal Reserve rate hike in March gained steam, putting extreme pressure on shorter-dated tenors This year’s rate hikes will be ...
The California Comeback Plan, a $100 billion stimulus package signed into law by Gov. Gavin Newsom in July 2021, issued the second batch of stimulus checks. The first payments were made in October of last year, and the distribution process ...