SPECIAL REPORT: Navigating New Policies and Legislation While Building Your Wealth

New Deal on Child Tax Credits Announced | Congress Averted Another Shutdown But How Would One Affect You? | Will a Supreme Court Case About Fishing Water Down the IRS? Created for {EMAIL} | [Web Version]( January 19, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( Kiplinger Today [SIGN UP]( ⋅ [SHARE]( [] Top Story [] [New Deal on Child Tax Credits Announced]( [New Deal on Child Tax Credits Announced]( (Getty Images) Another year, another tax change. The new bipartisan tax package boasts a new child tax credit, potentially saving you some money. [Here’s everything you need to know]( about the possible child tax change, including its impact on the country at large. [] Latest News [] [Congress Averted Another Shutdown But How Would One Affect You?]( [Congress Averted Another Shutdown But How Would One Affect You?]( (Getty Images) The threat of a government shutdown seems constant. Luckily, yesterday, [Congress prevented another shutdown]( but it can still be an unnerving prospect for many, especially those who are federal workers. Still, even if the government doesn’t employ you, [it can impact your money in several different ways](. [5 Things You Want from Your Retirement Income Plan]( Here’s what Go2Income plan holders say about their retirement income objectives: 1. Don’t Run Out of Money 2. Grow Income Each Year 3. Leave a Legacy for Kids 4. Build a Reserve Fund for Unplanned Expenses 5. Increase Spendable Income by Reducing Taxes We can help you balance your objectives with a complimentary Go2Income plan [ORDER YOUR PLAN]( ADVERTISEMENT [] In Case You Missed It [] [Will a Supreme Court Case About Fishing Water Down the IRS?]( [Will a Supreme Court Case About Fishing Water Down the IRS?]( (Getty Images) At first glance, it’s easy to dismiss a dispute about commercial fishing boats, but this legal battle over a regulation by the National Marine Fisheries Service has made it to the Supreme Court — and yes, in theory, it could ultimately impact the IRS (and your taxes). [Here we answer why exactly this case has became so important](. [] Estate Planning [] [How to Prepare for Upcoming Estate Tax Law Changes]( [How to Prepare for Upcoming Estate Tax Law Changes]( (Getty Images) January 2026, may seem far away, but with an important estate tax law change happening that day, you’ll want to start making financial decisions now. Unless Congress makes a move, the estate, gift, and generation-skipping transfer will be cut. That could lead to additional transfer taxes — but [there are actions you can take now to take advantage of before this exemption ends](. [] Taxes [] [Families and Businesses Would Get Big Tax Breaks in Bipartisan Tax Deal]( Both Democrats and Republicans have come together on a bill that would create enhanced tax credits for both families and businesses with the Tax Relief for American Families and Workers Act of 2024. If passed, this bill could certainly impact your bottom line. Here’s what to expect if the act moves forward — and the chances it will. [Read More]( [Increase your retirement income – make it last a lifetime]( Income annuities are paying 25%-45% more than last year. By balancing guaranteed income and income-focused investments, you can increase your income, lower your risk and minimize your taxes. We can show you your increase with a complimentary Go2Income plan. [ORDER YOUR PLAN]( ADVERTISEMENT [] Your Business [] [Are You Ready for the Corporate Transparency Act?]( 2024 has ushered in a new law: the Corporate Transparency Act (CTA). Under the act, every new corporation, limited liability company (LLC), limited partnership, and so on needs to also register with the Financial Crimes Enforcement Network (FinCEN). But what does that mean for your new company? And how do you register? Read on for a breakdown of how the Corporate Transparency Act may affect you. [Read More]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. 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