(CNN) The Internal Revenue Service sent out the last monthly infusion of the expanded child tax credit Wednesday -- unless Congress acts to extend it for another year. Eligible families have received monthly payments of up to $300 per child since July as part of the Democrats' $1.9 trillion coronavirus relief bill, which President Joe Biden signed in March. But the beefed-up credit is only in effect for 2021. Democratic leaders want to extend the monthly payments for certain families for another year as part of the party's $1.9 trillion spending bill . But the legislation faces opposition from West Virginia Sen. Joe Manchin , a Democrat, who is concerned about the cost of the sweeping safety net enhancements. Manchin wants to cut the child tax credit from the bill, according to a source briefed on his conversations with Biden. Doing so is a non-starter for the President, sources note. It's unclear whether the legislation, which the House … [Read more...] about December’s child tax credit payment is the last one unless Congress acts
Income tax refunds
(CNN) — Attention parents: Hold onto that Internal Revenue Service letter about your enhanced child tax credit payments . You’ll need it when you file your 2021 tax return. The IRS has mailed families Letter 6419, which states how much they received in monthly child tax credit payments from July through December. It also notes the number of kids the agency used to calculate the credit. READ MORE: Muslim Advocacy Group Claims Afghan Refugees In Baltimore Lacking Healthcare, Resources To Settle That sum generally represents half the amount of the enhanced child tax credit to which families are entitled. They can claim the other half on their 2021 return. Democrats beefed up the child tax credit to a maximum of $3,600 for each child up to age 6 and $3,000 for each one ages 6 through 17 as part of the American Rescue Plan Act , enacted last March. Parents received up to $300 a month for younger children and $250 for older ones in the second half of last year — the first … [Read more...] about Parents: Don’t throw away this IRS letter
(CNN) In 2009, Senate Democrats spent months courting Republican Charles Grassley in search of bipartisan support for the Affordable Care Act. By that September, President Barack Obama had lost patience. "Let me ask you a question, Chuck," Obama said in an Oval Office meeting he recounted in his 2020 memoir . "Are there any changes -- any at all -- that would get us your vote?" "I guess not, Mr. President," Grassley replied, concluding negotiations. Is Sen. Joe Manchin now reprising Grassley's role on President Joe Biden's Build Back Better plan? If so -- if nothing can ultimately get the West Virginia Democrat to "yes" -- then more wheedling represents a waste of time. The legislation cannot pass without him. But the White House and party leaders, believing they cannot afford to fail, maintain hope that Manchin's vote can be won. That means exploring ways to reshape Biden's plan to meet the senator's objections. How months of … [Read more...] about Is there a version of Biden’s economic plan that Joe Manchin can support?
(CNN) After months of negotiations and passage in the House last month, President Joe Biden's sweeping $1.75 trillion economic and climate package was dealt a major blow on Sunday when a key Democratic senator said he cannot support the bill. The legislation, which is currently before the Senate, would transform the nation's social safety net despite being whittled down to roughly half its original size amid infighting between the party's moderate and progressive wings. It would create a universal pre-K program, assist families with child care and send them the enhanced child tax credit for another year. It would also provide beefed-up subsidies on the Affordable Care Act exchanges through 2025 and offer federal help to those who fall below the poverty line. It would funnel nearly $570 billion into climate measures, attempt to address affordable housing shortfalls and provide money to parents to buy their kids food over the summer. The … [Read more...] about Here’s what’s in Biden’s Build Back Better plan
NORTH TEXAS (CBSDFW.COM) — Put away your paper and pencil, the SAT exam is moving to a digital format. Administrators say the shift will boost test relevancy as more colleges make standardized tests optional for admission. Test-takers will be allowed to use their own laptops or tablets but they’ll still have to sit for the test at a monitored testing site or in school, not at home. READ MORE: 'Operation Warm' Delivering New Shoes And Socks To Some Fort Worth ISD Campuses The format change is scheduled to roll out internationally next year and in the U.S. in 2024. It will also shave an hour from the current version, bringing the reading, writing and math assessment from three hours to about two. “The digital SAT will be easier to take, easier to give, and more relevant,” said Priscilla Rodriguez, vice president of College Readiness Assessments at the New York City-based College Board, which administers the SAT and related PSAT. “We’re not simply putting the current SAT on a … [Read more...] about College Admissions SAT Test Getting Shorter, Going Completely Digital By 2024