Dear Member, As Congress considers new infrastructure spending, lawmakers are considering unconventional sources of revenue to fund their plans. One proposal under consideration would require financial institutions like Marshfield Medical Center Credit Union (MMCCU) to report to the Internal Revenue Service (IRS) many activities on accounts with balances over $600. Such an unprecedented grab of your personal financial data raises several concerns. This...
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child tax credit
The first monthly payment of the expanded Child Tax Credit (CTC) under the American Rescue Plan will be made on July 15, 2021. Approximately 39 million households (covering 88% of children in the country) are scheduled to begin receiving monthly payments without any further action required. Families do have the option to decline the tax...
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