Tag Archive for: president joe biden administration

Student Loan Payments Are Supposed To Resume In September. Is Another Pause Coming?

For what you need to know about federal student loan payments, including how long the pause could last, what other benefits it includes and whether Biden will push for more student debt forgiveness, CLICK ON THE HEADLINE.

Stimulus Check Update: President Biden Feels Strongly About Providing This Stimulus Money In 2022

President Biden just spoke about a wide range of issues including legislation he would like to see passed by Congress in 2022. He referred to both the Child Tax Credit and the Community College Plan as "massive things" but wasn't sure he'd be able to get either a credit extension or his community college plan into the Build Back Better legislation. CLICK ON THE HEADLINE FOR MORE

Will Monthly Child Tax Credit Payments Be Extended Into 2022?

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

IRS Sending Out 4 Million Refunds To Taxpayers Who Overpaid On 2020 Unemployment Benefits

Many taxpayers had already filed their tax returns before the American Rescue Plan Act was excluded from taxable income. For taxpayers who overpaid due to the exclusion, the IRS will either refund the overpayment or apply it to any other outstanding taxes. CLICK ON THE HEADLINE FOR MORE

Stimulus Check Update: Homeowners Could Be Entitled To More Money

If you're a homeowner, you may not have to wait for a fourth stimulus check to get your hands on more government money. CLICK ON THE HEADLINE TO FIND OUT IF YOU'RE ELIGIBLE.

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

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