IRS tool offers low-income families a tool to get Child Tax Credit and stimulus checks
CBSN
The Treasury Department and IRS unveiled an online tool for the monthly Child Tax Credits on Monday in an effort to make sure low-income families can get the payments. The first checks are expected to go out to more than 36 million eligible families next month.
The new portal can also help people who did not receive but are qualified for the stimulus checks passed as part of coronavirus relief since early last year, officials said. Starting July 15, families with children under the age of six are set to receive payments of $300 a month through the end of the year for each child, while those with children ages six to 17 will receive payments of $250 a month. The 2021 Child Tax Credit was also expanded to include low-income families who were otherwise earning too little to pay taxes. The new portal allows those families who might not otherwise be in the system for filing tax returns to provide information to the IRS to get payments.
Washington — Senate Democrats are meeting Tuesday morning to elect their leadership for the next two years, after Republicans flipped the chamber in the 2024 elections.
President-elect Donald Trump is pledging to block Japan's Nippon Steel from buying U.S. Steel, a $14.9 billion deal announced a year ago that is now under review for its potential impact on U.S. national security.
A Virginia man has been charged with murder more than four months after his wife disappeared and a substantial amount of blood was found in their suburban Washington home, authorities announced Monday.
Monterey, California — The battle over President-elect Trump's pick for Secretary of Defense, Pete Hegseth, may become a test of loyalty for Republican stalwarts — some of whom stood at the center of a bid 10 years ago to remove Hegseth as the head of a veterans' charity over allegations of financial mismanagement, repeated intoxication and sexual misconduct.
The death of a 19-year-old college student on a Texas highway is raising questions about the fleet of drivers Amazon uses to move packages between its facilities. College freshman Iliana Velez's life was cut short in a crash with a contractor who was driving to pick up an Amazon load.
President Biden on Sunday issued a sweeping pardon of his son Hunter, who was convicted earlier this year on federal gun and drug charges, and pleaded guilty to tax charges in California.
Elon Musk's efforts to get his massive $56 billion 2018 Tesla pay package reinstated was rejected by a Delaware judge on Monday.
Two flight attendants for Delta Air Lines were pulled from an international flight after failing a breathalyzer test in Amsterdam on Friday.
Federal investigators found nearly a dozen children to be working dangerous, overnight shifts at Seaboard Triumph Foods' pork processing plant in Sioux Falls, Iowa, the Department of Labor announced.
Washington — Republicans have celebrated holding onto their narrow majority in the House, adding to their flip of the Senate and the White House for a trifecta in Washington next year. But President-elect Donald Trump's selection of a number of House Republicans to fill top posts in his administration is pulling from an already shallow bench, temporarily whittling the GOP majority down further as Trump takes office in January.
President-elect Donald Trump on Nov. 30 threatened to slap a 100% tariff on a group of nine nations — the so-called BRICS — if they try to replace the U.S. dollar with another currency.