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Tuesday, 1 July 2025
Child tax credit could change under Republicans’ big beautiful bill
Markets

Child tax credit could change under Republicans’ big beautiful bill

Oscar Wong | Moment | Getty images Race to pass the President as Senate Republican Donald Trump“Big Beautiful” spending billMajor provisions, including child tax creditCan change between Senate-House talks. Tax deduction and jobs actOr TCJA, 2017, temporarily promoted maximum child tax credit From $ 1,000 to $ 2,000, which will end after 2025 without action […]

‘SALT’ deduction in limbo as Senate Republicans unveil tax plan
Markets

‘SALT’ deduction in limbo as Senate Republicans unveil tax plan

The US Senate leader John Theun (R-SD) speaks at a press conference after the US Senate Republican’s weekly policy lunch on Washington, DC, US, Capital Hill on Capital Hill in 10 June, 2025. Kent Nishimura | Roots As the Senate Republican release Main details President Donald TrumpExpenditure for package, including federal deduction for some provisions, […]

The second-quarter estimated tax deadline for 2025 is June 16
Markets

The second-quarter estimated tax deadline for 2025 is June 16

Pra-Chid | ISTOCK | Getty images second quarter Estimated tax time frame According to IRS, 16 June-and on-time payment can help you avoid “falling back” on your balance. usually, Quarterly payment Apply without income Tax restrictionSuch as earning from self-employment, freelancing or gig economy. You can also pay for interest, dividends, capital gains or rental […]

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