Launch of the child tax credit; Bitcoin ETF?

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Senate Majority Leader Chuck Schumer (DN.Y.) announced Democrats on the Senate budget … [+] The committee approved the $ 3.5 trillion spending program earlier this week. (Photo by MANDEL NGAN / AFP)

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Even the hot summer months cannot offer tax relief, as Senate Democrats forge ahead with their $ 3.5 trillion spending program, which will likely be paid for by higher taxes for Canadians. wealthy and business. On the flip side, the deal would also include expanded tax breaks for children and green energy. Read on to learn more about the Child Tax Credit which launched Thursday with $ 15 billion in payments, plus inflation updates, annuity tips and all that other fun stuff.

Taxes don’t take a vacation

Still confused about the new advanced child tax credit launched on Thursday? Here are some last minute tips. While some progressives continue to push for wealth taxes (as well as higher income taxes for the rich), the protracted litigation between the IRS and the Michael Jackson estate shows how much of an administrative nightmare they could be. . With back-to-school shopping on the horizon, stretch your money further with state sales tax exemptions.

The Doges Days of summer

Just a day after British billionaire Richard Branson briefly flew to space, his rocket company Virgin Galactic applied to sell shares for $ 500 million. Grayscales, the new heavy crypto large cap digital fund is now SEC registered and has the option to convert to an exchange traded fund. Yesterday, in a rare return to Twitter, the dogecoins co-founder called cryptocurrencies an inherently right-wing hyper-capitalist technology.

Inflation sets in

After insisting for months that recent inflation was transient, Fed Chairman Jerome Powell finally changed his mind. The job market is hot these days, but a new poll found that nearly a third of unemployment benefit recipients turned down job offers during the pandemic.

New graphic: Help Wanted Everywhere

Natixis; BLS

Source: Natixis

The question of health insurance

Annuities aren’t exactly cheap, but it’s still possible to get your money’s worth. Last month the FDA approved a controversial and expensive new drug to treat people with Alzheimer’s disease, but will Medicare pay for it? From contributor John Wasik, here’s an argument for leaving your home to your kids. Plus, find out why guardianship might be a necessary solution for adult children whose aging parents are debilitated.

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Student loan shock waves

Bitcoin reward banking products (like a credit card that earns you 1.5% bitcoin on all purchases) make it easier to invest in volatile cryptocurrency. Student loan repayments are expected to resume in October, so make sure you’re ready with the answers to 10 common repossession questions. Finally, a major student loan manager has just announced his intention to withdraw from the business. If you’re one of the 8.5 million affected customers, here are 7 things you can do to protect your finances now.

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