Tag: government finance

Behold, a different kind of student-debt cancellation

For years, student advocates and some higher-education leaders have worried about the ways in which even small debts that students owe to their schools can...

Ex-Sen. Levin, Michigan’s longest-serving senator, has died

DETROIT — Former Sen. Carl Levin, a powerful voice on military issues in Washington and a staunch supporter of the auto industry back home in...

Treasury yields hold steady to start the week, ahead of Fed meeting

Treasury yields were little changed on Monday as investors geared up for this week’s meeting of Federal Reserve policy makers. What are yields doing? The...

Treasury yields rise Friday but 10 and 30-year debt mark third straight weekly slide

Yields for U.S. government debt on Friday rose slightly, but long-dated bond yields rang up a third straight weekly drop after Federal Reserve Chairman Jerome...

I cover most of my parent’s expenses — what tax breaks am I eligible for?

Do you pay over half the cost of supporting a parent? If so, your parent is your dependent for federal income tax purposes. As such,...

Treasury rally pauses Friday but government debt books second straight weekly yield decline

Yields for long-dated U.S. government debt rose Friday for the first time in five sessions, as a rally that took the 10-year and 30-year Treasurys...

The difference between a vacation home and a rental property — and what it means for your taxes

Do you own a second home that you sometimes use for vacations and sometimes rent out? The IRS wants to know how much time you...

Is it OK to cheat on your taxes? The IRS polled Americans for an answer

It would be tough to find people who enjoy paying taxes, but it’s easy to find people who say it’s their duty as Americans to...

U.S. state budgets will tick up in 2022, report finds

The coronavirus shock wasn’t nearly as bad as feared for U.S. state fiscal health, but there have been wide disparities among state experiences, with 2022...

Biden’s long-term spending plans ‘are not about overheating the economy,’ says White House adviser

Top White House economic adviser Brian Deese on Wednesday defended some of the Biden administration’s long-term spending plans, characterizing the proposed outlays as not connected...

How to claim the child tax credit if you don’t file taxes — payments start July 15

Weeks ahead of the first monthly payment to millions of families under the expanded Child Tax Credit, federal officials are trying to make sure as...

How much income tax will Biden and Harris pay under their proposed hikes? These accountants say they’ve found an answer

President Joe Biden has been touting his proposed tax hikes on the rich by saying they need to start “paying their fair share.” If his...

‘Transformative’ money or just plugging budget gaps? Local governments discuss federal stimulus plans

As billions of dollars of federal stimulus money works its way to U.S. state and local governments, the people in charge of figuring out how...

IRS investigating leak of tax returns from Elon Musk, Warren Buffett and other billionaires

Hours after an investigative news outlet said it obtained years of tax returns showing that billionaires including Amazon AMZN, +1.35% founder Jeff Bezos and Tesla...

U.S. Treasury yields edge up from 3 month lows ahead of May inflation data

U.S. government bond yields on Thursday were edging higher, rising from their lowest level in about 3 months, ahead of a closely watched reading of...

ProPublica: Many of the uber-rich pay next to no income tax

WASHINGTON — The rich really are different from you and me: They’re better at dodging the tax man. Amazon founder Jeff Bezos paid no income...

I want to move to a walkable, historic, four-season town and have a budget of $30,000 a year — where should I retire?

I am recently retired, and now that it’s a seller’s market, it seems like the perfect time to sell my home and move to a...

A G-7 Deal on a Global Minimum Tax for Companies Faces Hurdles

An agreement by wealthy countries to impose minimum taxes on multinational companies faces a rocky path to implementation, with many governments likely to wait and...

5 reasons you should gift to your children now

In 2020, some family business owners held off on preparing gifting programs that would transfer assets from them to their children to see which way...

U.S. Treasury yields rise to highest since mid-May as jobs data improves

U.S. government bond yields rose Thursday, and the 2-year and 10-year Treasurys hit their highest yield since mid-May, following a report showing a jump in...

How financial planning can help you. Exhibit A: Selling your home before getting married — and facing this avoidable tax mistake

If you are affluent or will be in the future, taxes are or will become one of your biggest expenses — maybe the biggest. And...

Momentum Builds Behind U.S. Proposal for Minimum Corporate Tax

Germany and France welcomed the Biden administration’s new acceptance of a minimum corporate tax rate as low as 15%, possibly smoothing the way to a...

Washington wants to bring back Build America Bonds. The muni market isn’t buying it

Washington lawmakers considering President Joe Biden’s $2.3 trillion infrastructure package are interested in reviving a program born out of the response to the last recession,...

10-, 30-year Treasury yields inch up Tuesday as U.S. stocks slide

Long-dated U.S. Treasury rates edged higher Tuesday, with appetite for bonds cooling even amid a round of weaker-than-expected housing data, which undercut the positive tone...

American families will finally get their Child Tax Credit money — here’s when the first payment will arrive

More than two months after federal lawmakers boosted the Child Tax Credit payout and broadened eligibility as one part of its $1.9 trillion stimulus bill,...