Month: May 2021

Expanding the child tax credit in the American Rescue Plan Act of 2021 marked an inflection point for social welfare programs in the tax code. The increase in the credit’s value and eligibility changes for households with very low incomes also marked an increase in the progressivity of the tax system. Although the extension of
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In this article KSS Vehicles sit parked in front of a Kohl’s department store in Ashland, Ky. Luke Sharrett | Bloomberg | Getty Images Kohl’s on Thursday reported first-quarter earnings and sales that topped analysts’ estimates, and raised its outlook for the full year. Chief Executive Michelle Gass said momentum built throughout the quarter, especially
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Today’s column addresses questions about how Social Security survivor’s benefits are calculated if the record holder dies before filing for their retirement benefit, eligibility for benefits on the record of a first spouse after remarriage and taking spousal benefits before full retirement age. Larry Kotlikoff is a Professor of Economics at Boston University and the
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In this article WOOF Petco Health and Wellness Company reported first-quarter earnings that beat Wall Street’s expectations and raised their full-year forecast. Here’s what the company reported for the fiscal first quarter ended May 1, according to Refinitiv consensus estimates: Earnings per share: 17 cents adjusted vs. 9 cents expected Revenue: $1.4 billion vs. $1.27
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In this article FIS Although the pandemic isn’t over, many retirement savings accounts are back to pre-Covid highs. Retirement account balances, which took a sharp nosedive almost exactly one year ago when the coronavirus outbreak caused economic shockwaves, have now bounced back entirely, according to the latest data from Fidelity Investments, the nation’s largest provider
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