From the child tax credit to annuity tips, here are Forbes’ latest personal finance headlines.
This is a preview of Sound Money, Forbes’ free weekly newsletter about pressing issues that matter to your financial well-being: personal finance, investing, taxes and retirement. Click here to get it delivered to your inbox. Not even the warm summer months can provide a respite from taxes, as Senate Democrats move ahead with their $3.5 trillion spending package —to be paid for, presumably, with higher taxes on the rich and corporations. On the flip side, the deal would also include expanded tax breaks for kids and green energy. Read on for more on the child tax credit that rolled out on Thursday with $15 billion in payments, plus inflation updates, annuity tips and all that other fun stuff. Still confused about the new Advanced Child Tax Credit that launched Thursday? Here’s some last minute advice. As some progressives continue to push for wealth taxes (as well as higher income taxes on the rich), the drawn out litigation between the IRS and Michael Jackson’s estate show how they could be an administrative nightmare.
