Expanding the Earned Income Tax Credit in 2016

See this article for 2015 and 2016 Earned Income Tax Credit figures released by the IRS [Updated following SOTU speech] Following President Obama’s state of the union speech and in addition to the items below, he had some good news on expanding the Earned Income …

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Payroll Tax Credit and Unemployment Insurance Benefits Extension

See updated details on the potential 2020 payroll tax cut ______________________ [Updated- 2012 Payroll Tax Credit Holiday, Unemployment Benefits and Medicare Doctor Payments Extended to Dec 31st] With House Republican support Congress has passed legislation extending the federal payroll tax holiday through the end of …

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Obama’s 2012 Budget Proposal – What It May Include

[Updated Feb 14 2011] President Obama has officially released his administration’ $3.7 trillion fiscal budget blueprint for 2012, which will result in a $1.65 trillion deficit (10.9% of GDP) in the current fiscal year – the largest dollar amount in U.S. history. With cutting the …

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