Money and Policy

More Americans are eligible to take advantage of a tax break on unemployment benefits under new guidance issued this week by the IRS.

The richest 1% of Americans dodge significantly more in income taxes than the Internal Revenue Service previously estimated, according to a new study released this week.

Executives at some of Wall Street's biggest firms warned New York lawmakers that raising taxes could cause high-income earners who fled the state during the coronavirus pandemic to leave permanently.  

Wealth strategist Rob Luna said President Biden’s proposal to increase the capital gains rate on high earners will impact “real Americans.”

President Biden is committed to fulfilling a key campaign promise and raising taxes on high-income earners amid growing evidence that many wealthy Americans benefited financially from the coronavirus pandemic. 

A second batch of stimulus checks is scheduled to arrive in Americans' bank accounts this week, with most cash payments expected to arrive by Wednesday. 

About 46% of NABE members surveyed believe the Federal Reserve will raise the federal funds target in 2022, while 12% say later this year. Approximately 28% believe interest rates will be raised in 2023 and 12% believe the rate hike will come after 2023. 

One week after President Biden signed the American Rescue Plan into law, the White House is undertaking a new venture: Selling the $1.9 trillion coronavirus relief package to families across the country.  

The IRS is planning to automatically process refunds for out-of-work Americans who received unemployment benefits last year and filed their 2020 returns before a new law waived federal taxes on the first $10,200 in aid. 

The head of the IRS warned this week of potential delays to the launch of the new monthly child tax credit payment program authorized under President Biden's $1.9 trillion stimulus plan.

If you haven't received your third stimulus check yet, you should consider filing as soon as possible. 

This IRS this week delayed the main April 15 tax-filing deadline until May 17, giving most Americans more time to prepare their filings this tax season amid a slew of pandemic-related policy changes.

Millions of Americans who collected unemployment aid last year got a welcome tax break in President Biden's $1.9 trillion coronavirus relief plan.

With Democratic Gov. Gavin Newsom of California gearing up for the political fight of his life and Golden State Republicans hungry for their first statewide victory in a decade and a half, California’s extremely likely gubernatorial recall election could become the most expensive and divisive electoral showdown in the nation this year.

A group of progressive Democrats is renewing their push for "Medicare-for-all" this week, using the coronavirus pandemic to make the case for a sweeping overhaul of the nation's health care system. 

The extra $300-a-week unemployment benefit included in President Biden's coronavirus relief plan may not arrive until mid-April or later.