Current:Home > MyThe Daily Money: Child tax credit to rise?-LoTradeCoin
The Daily Money: Child tax credit to rise?
View Date:2024-12-24 00:38:22
Good morning! It's Daniel de Visé with your Daily Money.
The House of Representatives passed a sweeping, bipartisan tax bill Wednesday that would expand the child tax credit for American families.
The bill, which heads now to the Senate, would adjust the maximum child tax credit, currently $2,000, to $2,100 in tax years 2024 and 2025, according to an analysis by the nonprofit Tax Foundation. And it would raise the portion of the credit that taxpayers may reap as a refund, currently $1,600, to $1,800 for tax year 2023, $1,900 for 2024 and $2,000 for 2025. Read the story here.
Judge rejects Disney's DeSantis lawsuit
A judge has dismissed Disney's First Amendment federal lawsuit against Gov. Ron DeSantis and others, a decision that could have big implications on corporate speech, Douglas Soule reports.
DeSantis, aided by GOP lawmakers, had stripped Disney's control of a special taxing district and given it to himself. The company sued, saying the move was retribution for its public opposition to a state law, called "Don't Say Gay" by critics, which restricts classroom instruction on gender identity and sexual orientation. That punishment of its speech violated the First Amendment, Disney said.
But U.S. District Judge Allen Winsor threw out the lawsuit on Wednesday. Read the story here.
📰 More stories you shouldn't miss 📰
- Why Black workers feel they can't be themselves.
- Hulu is the latest to crack down on password sharing.
- Why future interest-rate cuts might not lower your borrowing costs.
- Is Elon Musk overpaid?
- Wall Street has a bad day.
- Side hustle taxes: Everything you need to know in 2024.
🍔 Today's Menu 🍔
Finally: Thank you, Bailey Schulz, for passing us Today's Menu.
Bailey reports that your Super Bowl spread could be more affordable this year. Prices for party favorites like chicken wings have dropped, thanks in part to easing supply chain disruptions.
With grocery prices up roughly 20% from where they were three years ago, throwing a watch party may still feel expensive. But there are ways to cut costs. Read Bailey's story to find out which foods are more affordable this year, and which ones may be worth giving a pass.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.
Daniel de Visé covers personal finance for USA Today.
veryGood! (96)
Related
- Social media star squirrel euthanized after being taken from home tests negative for rabies
- Elisabeth Moss Is Pregnant, Expecting First Baby
- Syphilis cases rise sharply in women as CDC reports an alarming resurgence nationwide
- Carnival reroutes Red Sea cruises as fighting in the region intensifies
- Cowboys owner Jerry Jones responds to CeeDee Lamb's excuse about curtains at AT&T Stadium
- 'Swift Alert' app helps Taylor Swift fans keep up with Eras Tour livestreams
- Stolen phone? New theft protection security feature in Ios 17.3 update is here to help
- Burned remnants of Jackie Robinson statue found after theft from public park in Kansas
- John Krasinski Details Moment He Knew Wife Emily Blunt Was “the One”
- Elisabeth Moss Is Pregnant, Expecting First Baby
Ranking
- Chipotle unveils cilantro-scented soap, 'water' cup candles in humorous holiday gift line
- Elon Musk can't keep $55 billion Tesla pay package, Delaware judge rules
- Conspiracy Theories: Why we want to believe when the facts often aren’t there
- Man accused of destroying Satanic Temple display at Iowa Capitol is now charged with hate crime
- Early Black Friday Deals: 70% Off Apple, Dyson, Tarte, Barefoot Dreams, Le Creuset & More + Free Shipping
- Military vet who killed Iraqi civilian in 2004 is ordered jailed on charges he used metal baton to assault officers during Capitol riot
- Wray warns Chinese hackers are aiming to 'wreak havoc' on U.S. critical infrastructure
- OK, Barbie, let's go to a Super Bowl party. Mattel has special big game doll planned
Recommendation
-
Jana Kramer’s Ex Mike Caussin Shares Resentment Over Her Child Support Payments
-
Militants in eastern Congo kill 12 villagers as country’s leader rules out talks with Rwanda
-
Laser strikes against aircraft including airline planes have surged to a new record, the FAA says
-
Tennessee's fight with NCAA illustrates chaos in college athletics. Everyone is to blame
-
Federal judge blocks Louisiana law that requires classrooms to display Ten Commandments
-
Bud brings back Clydesdales as early Super Bowl ad releases offer up nostalgia, humor, celebrities
-
'Mr. & Mrs. Smith’: Release date, cast, how to watch new spy romance inspired by 2005 hit
-
PGA Tour strikes a $3 billion deal with a sports owners investment group