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Congress is considering a number of tax cuts for families, including increasing the child tax credit, expanding the earned income tax credit, and making the child care tax credit more generous. The tax cuts are proposed to help families with…

The IRS issued guidance on cryptocurrencies in October 2023. The guidance clarifies that cryptocurrencies are considered property for tax purposes. This means that taxpayers must report their cryptocurrency transactions on their tax returns. The guidance also provides rules for determining…