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The Senate approved the House-passed short-term government funding bill in a just-after-midnight vote by a vote of 85-11. The legislation will extend government funding until March 14.
The Tax Relief for American Families and Workers Act is a $78 billion package that would expand the Child Tax Credit (a tax benefit that provides money to parents), restore business tax breaks, increase federal funding for states to encourage the development of low-income housing, deepen economic ties between the United States and Taiwan and end a pandemic-era employer tax benefit.
If you got unemployment benefits in 2020, you just got a tax break courtesy of the $1.9 trillion American Relief Plan that President Joe Biden signed into law on Friday. Here’s how the latest ...
The House rejected a Republican bill to avoid a government shutdown after President-elect Donald Trump, billionaire Elon Musk and the far-right blew up an earlier, bipartisan deal.
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Unemployment and inflation levels began to rise in the early 1970s, reviving fears of an economic recession. In the past, the country's economic policy had been defined by the Employment Act of 1946, which encouraged the federal government to pursue "maximum employment, production, and purchasing power" by cooperation with private enterprise.
The American Rescue Plan made it so that up to $10,200 ($20,400 for married couples filing jointly) of unemployment benefit received in 2020 are tax exempt from federal income tax.
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related to: house votes today on unemployment tax report quickbooks