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Powys County Times
6 days ago
- Business
- Powys County Times
Cup winner Jarman among three signings at Newtown Rugby Club
NEWTOWN Rugby Club have completed three new signings ahead of the forthcoming season. The division two north club missed out on promotion last season following a tough campaign battling a growing injury list. The club has looked to add strength to depth with several new signings. Joe Hughes has returned to the Powys club after several seasons with Leominster based Luctonians in the English National League Two West. Rhys Morris has also returned to the club and will be reunited with brother Liam who is already established among the front row. Meanwhile Tom Jarman has also returned to his hometown club after several years plying his trade in North Wales while studying at Bangor University. Jarman was part of the Caernarfon side to make history as the first North Wales club to win a national cup in March, helping his side edge out Bridgend 30-29 in a thrilling final at Cardiff's Principality Stadium. It is an exciting time for the Pool Road club which is still pushing ahead with its plans to develop a state of the art gym and changing facilities at the ground. The club is also offering a brand-new sponsorship package tailored specifically for local building and landscaping firms. Newtown Rugby Club is offering a three year stand sponsorship starting from the 2025/26 season. A club spokesman said: 'This is your chance to support the growth of our sportsground facilities and gain exclusive naming rights to the NRFC Club Stand. 'Businesses can boost brand visibility in the local community, align your business with a proud and passionate club and support grassroots sport and local development.'
Time of India
04-07-2025
- Business
- Time of India
Good news for some: Child tax credit gets a boost, but millions left behind in Trump's Big Beautiful Bill
What's Changing in the Child Tax Credit? Who Gets Left Out? Live Events FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel US president Donald Trump's new tax and spending package, which is referred to as the 'One Big, Beautiful Bill', includes a modest increase to the child tax credit, but there is a catch. While the change could bring a small benefit to middle- and upper-income families, many of the lowest-income families, including millions of children, will be left out entirely, as per a Yahoo Finance bill increases the maximum child tax credit from $2,000 to $2,200 per child; otherwise, the maximum credit would have gone back to $1,000, as per the report.A senior analyst at the Institute on Taxation and Economic Policy, Joe Hughes pointed out that, 'If you're already receiving the full credit amount, then you will benefit from this,' adding, 'If you're not, then you probably won't benefit,' as quoted by Yahoo READ: 10 key takeaways from Donald Trump's Big Beautiful Bill summarised simply To qualify for the refundable part of the credit, which is known as the " additional child tax credit ", families need to earn $2,500 or more a year, as reported by Yahoo Finance. That new cutoff excludes some of the country's most impoverished families, with low-income households that earn just enough to receive part of the benefit but not enough to receive the full payment, according to the Tax Policy Center estimated that about 17 million children will be denied the full benefit due to these income limits, as reported by Yahoo example, families with incomes between $10,000 and $20,000 , including full-time employees earning the federal minimum wage, had an average benefit of only $800 in 2022, and families earning between $200,000 and $500,000, on the other hand, had an average of $2,810, the Congressional Research Service found, reported Yahoo READ: After Trump's deportation threat, Musk gets love from China, backs Tesla CEO's bold move to start his own party Director of Economic Security Project Action, Adam Ruben pointed out that, 'basically what it's doing is giving wealthier families a small boost,' adding, 'But for lower-income and working-class families, they get nothing,' as quoted in the the new legislation, even those households where both parents lack a Social Security number, which include undocumented immigrants, even those whose children have a Social Security number and are US citizens, will also be shut out from the benefit, according to the Yahoo Finance report.A professor at the Boston University School of Social Work, Dolores Acevedo-Garcia said that, 'We are excluding some of the most vulnerable kids that have very, very high poverty rates," as quoted in the report. She also pointed out that approximately 1.8 million children live in households where both parents are undocumented, as reported by Yahoo been raised from $2,000 to $2,200 per child for families who qualify, as per the Yahoo Finance only families earning enough to qualify for the full benefit will get the full amount, as per the Yahoo Finance report.
Yahoo
04-07-2025
- Business
- Yahoo
Child tax credit gets small boost in Trump's tax bill, but millions of families are left out
The popular child tax credit will receive a slight boost from President Trump's signature tax and spending bill — but there are caveats. Currently, taxpayers who make under $200,000 annually as a single filer, or $400,000 if filing jointly, can qualify for a partially refundable credit of up to $2,000 for each child they claim as a dependent who is under age 17 and a US citizen or qualifying noncitizen. The new legislation increases the credit to a maximum $2,200 per child. Without the bill, the maximum credit would have reverted to $1,000. But the increase, which amounts to a 10% bump, follows years of rising prices that have chipped away at the value of the original benefit. And many extremely low-income children — in addition to US citizen kids of undocumented parents — will be locked out of the payments altogether. 'If you're already receiving the full credit amount, then you will benefit from this,' Joe Hughes, a senior analyst at the Institute on Taxation and Economic Policy, told Yahoo Finance. 'If you're not, then you probably won't benefit.' Read more: Child tax credit: Everything you need to know By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy To qualify for the refundable portion of the child tax credit, which is called the 'additional child tax credit' and can be worth up to $1,700, taxpayers must earn at least $2,500 in annual income. (A refundable tax credit can lower tax liability past zero, potentially generating a refund.) Families who make less than that receive no benefit, while many more children are in low-income households that earn just enough to receive part of the benefit but not enough to receive the full payment. Due to those income restrictions, an estimated 17 million children are unable to receive the full child tax credit, according to the Tax Policy Center, a left-leaning think tank. The average benefit for taxpayers with children who made between $10,000 and $20,000 in 2022, for example, was $800, according to the Congressional Research Service. That pay range includes people who worked full-time jobs at the federal minimum wage. Families earning between $200,000 and $500,000, meanwhile, saw an average benefit of $2,810. Households where both parents lack a Social Security number — undocumented immigrants, including those whose children have a Social Security number and are US citizens — will also be shut out under the new law. 'We are excluding some of the most vulnerable kids that have very, very high poverty rates," said Dolores Acevedo-Garcia, a professor at the Boston University School of Social Work. About 1.8 million children live in households where both parents are undocumented, she added. There was a point when the benefits were less restrictive and more broadly accessible. Through the 2021 pandemic-era American Rescue Plan, the child tax credit was temporarily expanded from $2,000 to up to $3,600 per child in what some scholars and advocates hailed as one of the country's greatest-ever antipoverty measures. Combined with stimulus payments, the tax credit hike helped slash child poverty rates by 46%, pushing them to their lowest level on record. When the child tax credit expansion lapsed at the end of 2021, those gains were reversed. At the time, the credit was fully refundable, meaning even the lowest-income families qualified. As for the new tax bill, 'basically what it's doing is giving wealthier families a small boost,' said Adam Ruben, director of Economic Security Project Action, a left-leaning advocacy group. 'But for lower-income and working-class families, they get nothing.' Emma Ockerman is a reporter covering the economy and labor for Yahoo Finance. You can reach her at Sign up for the Mind Your Money newsletter
Yahoo
03-07-2025
- Business
- Yahoo
Child tax credit gets small boost in Trump's tax bill, but millions of families are left out
The popular child tax credit will receive a slight boost from President Trump's signature tax and spending bill — but there are caveats. Currently, taxpayers who make under $200,000 annually as a single filer, or $400,000 if filing jointly, can qualify for a partially refundable credit of up to $2,000 for each child they claim as a dependent who is under age 17 and a US citizen or qualifying noncitizen. The new legislation increases the credit to a maximum $2,200 per child. Without the bill, the maximum credit would have reverted to $1,000. But the increase, which amounts to a 10% bump, follows years of rising prices that have chipped away at the value of the original benefit. And many extremely low-income children — in addition to US citizen kids of undocumented parents — will be locked out of the payments altogether. 'If you're already receiving the full credit amount, then you will benefit from this,' Joe Hughes, a senior analyst at the Institute on Taxation and Economic Policy, told Yahoo Finance. 'If you're not, then you probably won't benefit.' Read more: Child tax credit: Everything you need to know By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy To qualify for the refundable portion of the child tax credit, which is called the 'additional child tax credit' and can be worth up to $1,700, taxpayers must earn at least $2,500 in annual income. (A refundable tax credit can lower tax liability past zero, potentially generating a refund.) Families who make less than that receive no benefit, while many more children are in low-income households that earn just enough to receive part of the benefit but not enough to receive the full payment. Due to those income restrictions, an estimated 17 million children are unable to receive the full child tax credit, according to the Tax Policy Center, a left-leaning think tank. The average benefit for taxpayers with children who made between $10,000 and $20,000 in 2022, for example, was $800, according to the Congressional Research Service. That pay range includes people who worked full-time jobs at the federal minimum wage. Families earning between $200,000 and $500,000, meanwhile, saw an average benefit of $2,810. Households where both parents lack a Social Security number — undocumented immigrants, including those whose children have a Social Security number and are US citizens — will also be shut out under the new law. 'We are excluding some of the most vulnerable kids that have very, very high poverty rates," said Dolores Acevedo-Garcia, a professor at the Boston University School of Social Work. About 1.8 million children live in households where both parents are undocumented, she added. There was a point when the benefits were less restrictive and more broadly accessible. Through the 2021 pandemic-era American Rescue Plan, the child tax credit was temporarily expanded from $2,000 to up to $3,600 per child in what some scholars and advocates hailed as one of the country's greatest-ever antipoverty measures. Combined with stimulus payments, the tax credit hike helped slash child poverty rates by 46%, pushing them to their lowest level on record. When the child tax credit expansion lapsed at the end of 2021, those gains were reversed. At the time, the credit was fully refundable, meaning even the lowest-income families qualified. As for the new tax bill, 'basically what it's doing is giving wealthier families a small boost,' said Adam Ruben, director of Economic Security Project Action, a left-leaning advocacy group. 'But for lower-income and working-class families, they get nothing.' Emma Ockerman is a reporter covering the economy and labor for Yahoo Finance. You can reach her at Sign up for the Mind Your Money newsletter
Yahoo
03-07-2025
- Business
- Yahoo
Child tax credit gets small boost in Trump's tax bill, but millions of families are left out
The popular child tax credit will receive a slight boost from President Trump's signature tax and spending bill — but there are caveats. Currently, taxpayers who make under $200,000 annually as a single filer, or $400,000 if filing jointly, can qualify for a partially refundable credit of up to $2,000 for each child they claim as a dependent who is under age 17 and a US citizen or qualifying noncitizen. The new legislation increases the credit to a maximum $2,200 per child. Without the bill, the maximum credit would have reverted to $1,000. But the increase, which amounts to a 10% bump, follows years of rising prices that have chipped away at the value of the original benefit. And many extremely low-income children — in addition to US citizen kids of undocumented parents — will be locked out of the payments altogether. 'If you're already receiving the full credit amount, then you will benefit from this,' Joe Hughes, a senior analyst at the Institute on Taxation and Economic Policy, told Yahoo Finance. 'If you're not, then you probably won't benefit.' Read more: Child tax credit: Everything you need to know By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy To qualify for the refundable portion of the child tax credit, which is called the 'additional child tax credit' and can be worth up to $1,700, taxpayers must earn at least $2,500 in annual income. (A refundable tax credit can lower tax liability past zero, potentially generating a refund.) Families who make less than that receive no benefit, while many more children are in low-income households that earn just enough to receive part of the benefit but not enough to receive the full payment. Due to those income restrictions, an estimated 17 million children are unable to receive the full child tax credit, according to the Tax Policy Center, a left-leaning think tank. The average benefit for taxpayers with children who made between $10,000 and $20,000 in 2022, for example, was $800, according to the Congressional Research Service. That pay range includes people who worked full-time jobs at the federal minimum wage. Families earning between $200,000 and $500,000, meanwhile, saw an average benefit of $2,810. Households where both parents lack a Social Security number — undocumented immigrants, including those whose children have a Social Security number and are US citizens — will also be shut out under the new law. 'We are excluding some of the most vulnerable kids that have very, very high poverty rates," said Dolores Acevedo-Garcia, a professor at the Boston University School of Social Work. About 1.8 million children live in households where both parents are undocumented, she added. There was a point when the benefits were less restrictive and more broadly accessible. Through the 2021 pandemic-era American Rescue Plan, the child tax credit was temporarily expanded from $2,000 to up to $3,600 per child in what some scholars and advocates hailed as one of the country's greatest-ever antipoverty measures. Combined with stimulus payments, the tax credit hike helped slash child poverty rates by 46%, pushing them to their lowest level on record. When the child tax credit expansion lapsed at the end of 2021, those gains were reversed. At the time, the credit was fully refundable, meaning even the lowest-income families qualified. As for the new tax bill, 'basically what it's doing is giving wealthier families a small boost,' said Adam Ruben, director of Economic Security Project Action, a left-leaning advocacy group. 'But for lower-income and working-class families, they get nothing.' Emma Ockerman is a reporter covering the economy and labor for Yahoo Finance. You can reach her at Sign up for the Mind Your Money newsletter
