Tag

Child Tax Credits

All articles tagged with #child tax credits

politics2 years ago•2 min saved

Minnesota lawmakers agree on rebate checks for residents.

Lawmakers in Minnesota have reached a deal on taxes that includes direct rebate checks to lower- and middle-income Minnesotans. The rebates are $260 for single filers, $520 for married couples, and an additional $260 per dependent, up to three. The deal also includes reducing state income taxes on social security, child tax credits, and relief for renters and homeowners. There's also $300 million in one-time aid to local governments for public safety costs.

via CBS News|

#child-tax-credits #middle-income-families #minnesota-legislature

politics2 years ago•3 min saved

"MN Capitol's Tax Deal: 5 Key Points and Rebate Checks Explained"

Minnesota lawmakers have agreed on a tax bill that includes tax rebates, child tax care credits, a break for those on Social Security, and higher taxes for some corporations. The bill will have to go back to the House and Senate for a final vote before reaching Gov. Tim Walz for his signature. The proposed rebate checks are $260 for individuals and $520 for couples, with an additional $260 for each child for up to three children. The bill also includes child tax credits, a phased-out exemption for Social Security income, and a tax increase for businesses with global earnings and investment earnings. The changes are expected to bring in an additional $1 billion over four years.

via MPR News|

#child-tax-credits #minnesota #politics