The IRS and Census Bureau estimate that only about 78 percent of people who are eligible for the earned income tax credit (EITC) get it. And this shortfall has advocates—and even the IRS—trying to figure out how to get the credit to everyone who qualifies. Unfortunately, a recent experiment with California EITC (CalEITC) shows how
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skynesher | E+ | Getty Images If you’re like many Americans, you’re carrying a balance on your credit cards. And the candidate you choose in November for president could have an affect on how well you grapple with those debts. The latest numbers from the Federal Reserve show that credit card balances climbed to $930
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Cedar Rapids, Iowa — Feb. 18, 2020 — TaxAct is giving customers free access to a proprietary tax-analyzer that suggests how to get bigger refunds while adding to their retirement savings. The software tool, called My Tax Plan, is free to all online TaxAct filers, including those who use TaxAct Free Edition. The free, downloadable
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Leon Cooperman, CEO of Omega Advisors. Adam Jeffery | CNBC Billionaire investor Leon Cooperman told CNBC on Tuesday that investors have become too pessimistic on the energy sector and too optimistic on individual companies like Tesla. “I would say we’re in the early stages of knocking on the door of euphoria, but we’re not quite [fully
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Corporate tax cuts: The messaging battle continues. The House Ways & Means Committee reviewed Treasury regulations that implement the Tax Cuts and Jobs Act’s business provisions. Committee Democrats argued that the rules are too favorable to business and were adopted in response to corporate lobbying. Republicans said stakeholder feedback is a normal part of the 
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White House withdraws its nomination of Jessie Liu for Treasury post. Axios  reports that the Trump administration has decided not to nominate  Ms. Liu to serve as  Treasury  undersecretary for terrorism and financial crimes. Liu, a former US attorney,  oversaw prosecutions against Trump associates Roger Stone, Michael Flynn, and Paul Manafort. The $3 trillion return
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