
Child Tax Credit: IRS warns of potential delays for monthly checks
CBSN
The expansion of the Child Tax Credit is considered one of the most significant tax changes in President Joe Biden's $1.9 trillion American Rescue Plan, given the measure will pay out monthly checks later this year to millions of families. But the IRS is warning that families may face delays in receiving the checks as it grapples with sending stimulus checks and handling its current tax season duties.
The relief bill overhauled the Child Tax Credit (CTC) by expanding the benefit from $2,000 annually to as much as $3,600 per child, including more low-income families in the tax benefit — and doling out half of the money through monthly cash payments. Those monthly payments are scheduled to start in July and run through December, and could provide a measure of financial stability to millions of families as the economy begins to recover from the pandemic. "It might be a challenge to get into monthly right out of the box," IRS commissioner Charles Rettig told lawmakers on Thursday. He added that the tax agency would "do our best."
Elon Musk and the Department of Government Efficiency say they're using their access to the Social Security Administration data not only to investigate claims of waste and fraud, but also to examine claims that immigrants are abusing the system — even though undocumented immigrants contribute more to Social Security than they take.

Washington — A federal judge on Friday rejected an effort by the Justice Department to throw out a Tufts University Ph.D. student's challenge to her detention after she was taken into custody by immigration authorities or have her case moved to Louisiana, finding instead that her case should be transferred to Vermont.

SpaceX Fram2 crew splashes down off California coast to close out historic trip around Earth's poles
A wealthy space tourist and three fellow adventurers plunged back to Earth aboard a SpaceX Crew Dragon capsule Friday, splashing down in the Pacific Ocean off the coast of southern California to close out the first crewed flight around Earth's poles.