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Lack of awareness, fear of mistakes and penalties, and the cost of filing are preventing many families from claiming millions of dollars in tax credits, according to a new study.The report, released Tuesday by the New Practice Lab at New America, surveyed over 5,000 respondents to learn why so many households fail to claim the Child Tax Credit, the Earned Income Tax Credit and other tax breaks that could help them.Awareness gaps were a big barrier. Among households earning under $10,000 annually, 36% were unaware of any tax credits, more than double the rate among households earning over $150,000 (17%). Misunderstanding their eligibility also kept…

The Senate Finance Committee questioned Billy Young, President Trump’s nominee for Internal Revenue Service commissioner, about his plans for the beleaguered agency and promotion of dubious “tribal tax credits” and Employee Retention Tax Credits during a long-awaited confirmation hearing Tuesday after a series of acting commissioners temporarily held the role.Trump announced in December he planned to name Long, a former Republican congressman from Missouri, as the next IRS commissioner, even though then-commissioner Danny Werfel’s term wasn’t scheduled to end until November 2027. Since then, the role has been filled by four acting commissioners who have faced pressures to accept drastic…

Minnesota approved a bill on Monday night to create additional pathways to CPA licensure, and it awaits the signature of Gov. Tim Walz.As part of an omnibus bill, Senate File 3045, it creates two new pathways to CPA licensure: a bachelor’s degree plus two years of experience, or a master’s degree plus one year of experience. The new pathways will be effective Jan. 1, 2026. The bill sunsets the current 150-hour credit rule after June 30, 2030, and establishes automatic mobility and practice privileges one day following the bill’s ratification. All candidates must still pass all parts of the CPA exam.…

Trump says House Republicans are unified on budget bill – CBS News Watch CBS News Shortly after meeting with Republican House members on Capitol Hill Tuesday, President Trump underscored that his party is unified. However, not all members of the conference support the current budget plan. Republican strategist Mark Bednar joins “America Decides” with more on the president’s budget meeting. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

NFL Commissioner Roger Goodell said this week the league is going to lean into international competition and could play as many as 16 games per season abroad in the next 5 years.Goodell appeared at the CNBC CEO Council Summit alongside Marriott CEO Anthony Capuano and spoke to a variety of topics that also included private equity, franchise valuations and the economy.Here are the highlights:Growing the NFL footprintThe NFL currently has seven international games on its 2025 schedule, the most in its history, hosting matchups in Brazil, England, Germany, Ireland and Spain. But Goodell said Monday that’s just the start.”I do…