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Will Monthly Child Tax Credit Payments Be Extended Into 2022?

December 20, 2021

Without further congressional action, the child tax credit will revert back to $2,000. The monthly installments will end. And according to a growing chorus of advocates, that’s unacceptable. Leading the charge is President Joe Biden who included a proposal to extend the enhanced child tax credit through Dec. 31, 2022, in his Build Back Better plan. CLICK ON THE HEADLINE FOR MORE

Biden’s Proposed 39.6% Top Tax Rate Would Apply At These Income Levels

June 7, 2021

To help finance his legislative agenda, President Biden wants to raise the top income tax rate for wealthy households to 39.6%, from the current 37%. That rate would affect single individuals with taxable income of more than $452,700 and married couples filing jointly with income over $509,300. CLICK ON THE HEADLINE FOR MORE

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Tag Archive for: pending congress legislation

Will Monthly Child Tax Credit Payments Be Extended Into 2022?

Biden’s Proposed 39.6% Top Tax Rate Would Apply At These Income Levels

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