Money Today That Matters Tomorrow
[Updated with final Feb 2023 SNAP EA allotments] The nation’s food stamp program, known officially as the Supplemental Nutrition Assistance Program (SNAP), will be effectively raising the maximum allotment limits for all household sizes in 2023. The U.S. Department of Agriculture’s (USDA) Food and Nutrition Service sets the guidelines for …
The 2022 tax season was a bumpy one with many taxpayers reporting delayed refund payments due to IRS backlogs and processing delays. In fact, thousands or taxpayers are still waiting for their prior year refunds. Hopefully tax return processing and refund payments for the 2023 tax season will be much …
Without further extensions the Child Tax Credit (CTC) will return to normal levels and can only be claimed when filing your tax return, versus advance fully refundable payments provided during the pandemic years. The child tax credit (CTC) will reset to at $2,000 per child in 2022 and 2023. See the …
An Offer in Compromise (OIC) is a program offered by the Treasury and IRS that allows taxpayers to settle their federal tax debt or liability for less than the full amount owed. The OIC program can provide taxpayers, be it individuals or businesses, who are facing financial hardship a road …
This graphic I saw on a reddit board busts the common myth that the more you earn the more you pay in taxes, because you get bumped up into a higher tax bracket. However thanks to America (and most countries) having a progressive taxation system, the more you earn does …
After threats by some members to cut spending on Social Security and Medicare benefits as part of debt-ceiling negotiations, Republicans as a group are now backing away from this threat. House Speaker Kevin McCarthy (R., Calif.) confirmed this when he publicly stated that he won’t seek cuts to Social Security …
This article provides information on North Carolina’s SNAP/Food and Nutrition Services (FNS) program, including the latest on the Emergency Allotment (EA) extensions for 2023. Many state residents benefit from the federally funded, state administered program, which was designed to help families facing pandemic related hardships over the last few years. …
This article provides information on Michigan’s SNAP program, known as the Food Assistance Program (FAP), including the latest on the Emergency Allotment (EA) extensions for 2023. Many state residents benefit from the federally funded, state administered program, which was designed to help families facing pandemic related hardships over the last …
This article provides information on the Ohio SNAP (Food stamp) program, including the latest on the Emergency Allotment (EA) extensions for 2023. Many state residents benefit from the federally funded, state administered program, which was designed to help families facing pandemic related hardships over the last few years. See further …
This article provides information on the Texas SNAP (Food stamp) program, including the latest on the Emergency Allotment (EA) extensions for 2023. Over a million residents benefit from the federally funded, state administered program, which was designed to help families facing pandemic related hardships over the last few years. See …
This article provides information on Alabama’s SNAP (food stamp) program, including the latest on Emergency Allotments (EA) approved via health emergency declarations and COVID-19 relief/stimulus bills. Nearly half-a-million residents benefit from the federally funded, state administered (DHR) program, which was designed to help families facing pandemic related hardships. See further …
This article provides information on New York’s SNAP (Food stamp) program, including the latest on the Emergency Allotment (EA) extensions for 2023. Nearly two million residents benefit from the federally funded, state administered program, which was designed to help families facing pandemic related hardships over the last few years. See …
A lot of people are eager to file early in hopes of getting their tax refund sooner, but also find that after filing they may have missed some key data or gotten additional information late, like a Employer W2 or 1099-X form – that is required to be reported in …
A Schedule C tax form is used, along with your personal 1040 filing, to report income and expenses to the IRS from business related to self-employment which you own as a sole proprietor or single-member LLC. Think of side-hustles or gigs you do on the side, where you make a reasonable …
This article provides information on California’s SNAP (food stamp) program, known a CalFresh, including the latest on Emergency Allotments (EA) approved via COVID-19 relief/stimulus bills. Millions of residents benefit from the federally funded, state administered program, which was designed to help families facing pandemic related hardships. See further details and …
This article provides information on Connecticut’s SNAP (food stamp) program, including the latest on Emergency Allotments (EA) approved via the federally funded COVID stimulus bills. Over 200,000 residents benefit from the federally funded, state administered program, which was designed to help families facing pandemic related hardships. See further details and …
Several tax companies allow you to get you filing fees and refund paid in advance, based on your estimated refund amount when filing with their tax software. But there is a clause in most of these advance fee or refund agreements that allows funds to be debited from your account …