Tax

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.

President Joe Biden’s coming proposal to ramp up the capital gains tax would hit both individuals earning $1 million and married couples filing jointly earning the same amount, according to a White House official.

President Joe Biden’s coming tax package will feature an end to a major benefit for wealthy estates that drastically minimizes the levy for inheritors, along with a bump up in the top income tax rate and funding for strengthened IRS auditing, according to a person familiar with his proposal.