Politics/International Relations

The IRS is looking into reports of families receiving wrong information about child tax credit payments —  a problem that could affect their tax refunds

The IRS is looking into reports of families receiving wrong information about child tax credit payments — a problem that could affect their tax refunds

The Internal Revenue Service says it’s looking into reports that some families have received inaccurate figures from the IRS about their child tax credit payments — an important number that determines how big their tax refund will be this year. “We are still looking into some of the information we’ve heard about the information on …

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Biden's in a race against time to get his presidency on track after his first year in office

Biden’s in a race against time to get his presidency on track after his first year in office

You know things are bad for President Biden when liberal columnists criticize him, and when the administration itself complains about media coverage and the polls. Presidents love polls when the numbers are good, but when they’re not, they’re either “fake,” as Donald Trump complained, or the methodology is faulty, as Biden staffers say now. When presidents — …

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'I’m trying not to work people into a downward spiral': Why some parents should brace themselves for a lower tax refund in 2022

‘I’m trying not to work people into a downward spiral’: Why some parents should brace themselves for a lower tax refund in 2022

In 2021, the enhanced Child Tax Credit gave millions of families some financial cushion through monthly payments. In 2022, the same tax credit might take away from the size of many income tax refunds — or even give some unanticipated tax bills — according to tax professionals who are bracing for agitated clients. “There’s going …

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Who gave a 50-year-old federal agency the power to create a vaccine mandate? Behind the Supreme Court's decision to block Biden's employee mandate

Who gave a 50-year-old federal agency the power to create a vaccine mandate? Behind the Supreme Court’s decision to block Biden’s employee mandate

Did anyone actually give a 50-year-old federal agency — the government’s Occupational Safety and Health Administration — the legal ability to create COVID-19 vaccination-or-testing rules that could affect 84 million private sector workers? The Supreme Court on Thursday issued a ruling that stopped the Biden administration from enforcing a requirement that employees at large businesses …

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The IRS will ask every taxpayer about crypto transactions this tax season — here's how to report them

The IRS will ask every taxpayer about crypto transactions this tax season — here’s how to report them

Cryptocurrencies, also known as virtual currencies, have gone mainstream. That’s for sure. For example, you can use bitcoin BTCUSD, -0.26% to buy a Tesla TSLA, +3.93% and to buy or pay for lots of other things. However, using cryptocurrencies has federal income tax implications. Here’s what you need to know at 2021 tax return time …

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Calls for student loan forgiveness expected to intensify as Biden's legislative agenda stalls

Calls for student loan forgiveness expected to intensify as Biden’s legislative agenda stalls

President Joe Biden’s ambitious social spending and climate-change package of legislation, the Build Back Better Act, appears unlikely to pass as originally written after the moderate West Virginia Democrat Sen. Joe Manchin declared his opposition in the days before Christmas and reiterated this week that there are no ongoing discussions over the bill. Though it’s …

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Stocks drift lower as Powell reiterates expectations for inflation pressures to fade

China’s November industrial profits rise, but at a slower pace

China’s industrial profits increased at a slower pace in November, official data showed Monday, as raw material producers faced softer commodity prices. Industrial profits in November rose 9.0% from a year earlier, compared with October’s 24.6% increase, said the National Bureau of Statistics. For the January to November period, China’s industrial profit grew 38.0% on …

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