Tax

The president declared the U.S. has turned the corner on a pandemic that’s killed more than half a million Americans.

The president called for higher taxes on the rich to fund a massive investment in the nation’s social safety net.

If employees are a company’s greatest assets, then children are a person’s greatest treasure.

The sweeping $1.8 trillion plan would be funded in part by the largest tax increases on wealthy Americans in decades.

The 10-year plan would ramp up federal support for American families, with a major expansion in spending on child care, paid leave and education.

The president’s decision threatens to complicate congressional negotiations over his sweeping new social-spending program.

Democrats introduced a bill Tuesday to provide tax credits for child care, along with universal paid family and medical leave and permanent extensions of child and family tax credits.

The Internal Revenue Service is increasing the inflation-adjusted amounts of the Child Tax Credit and Earned Income Tax Credit for this year in accordance with the latest coronavirus relief package.

The passage of the nexus legislation in the Sunshine State leaves Missouri as the only holdout.

Planning for increases; this year’s bumps; better notes in meetings; and other highlights from our favorite tax bloggers.