It’s not just the expanded Child Tax Credit. The end of the extra $1,600 for parents (or $1,000 depending on the child’s age) is just one of a series of COVID relief provisions set to expire this week. The expanded Child Tax Credit was implemented for one year as part of President Joe Biden’s American Rescue Plan, though many Democrats want to make it permanent. They plan to revisit the issue in the new year as part of the Build Back Better act, stalled after key moderate Sen. Joe Manchin… Source link
Read More »Here are the key retirement provisions in the $3.5 trillion reconciliation bill
Inside the Democrats’ forthcoming package of proposed social spending is a host of significant changes to how Americans might save for retirement in the years and decades ahead. The provisions – if enacted – would be one of the most impactful changes to the private retirement system since the SECURE Act was passed in 2019. Susan Neely, president and CEO of American Council of Life Insurers, supports the proposals and told Yahoo Finance that “the punchline is it will be a huge leap… Source link
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