The city just received 2020’s final numbers and they show total collections during the first year of the COVID-19 pandemic were just 3.6-percent lower than the year before.
Thanks to the recently-passed American Rescue Plan Act, if you have kids, you might qualify for a new Child Tax Credit-- and the IRS could even send you monthly 'child allowance' payments later this year.
Republicans pushed a nearly $1.5 trillion tax bill through the Senate early Saturday after a burst of eleventh-hour horse trading, as a party starved all year for a major legislative triumph took a giant step toward giving President Donald Trump one of his top priorities by Christmas.
President Donald Trump vowed to deliver on a major tax cut for middle-class Americans on Tuesday as the White House and congressional leaders prepared to release details on a tax overhaul proposal that would slash the corporate rate and simplify the nation’s tax code.