Money Today That Matters Tomorrow
The 2021 tax year will be quite different from 2020. This article will cover some of the main tax changes, so you don’t miss out on any of the major tax credits or deductions. It will also help you plan for some of the expiring tax breaks and protections from …
The SSA released the final figure for the 2022 COLA increase which affects nearly 70 million Americans collecting social security and SSI benefits. The 2022 raise was 5.9%, which translates to an extra $92 in retirees’ average monthly benefit next year. It was nearly 5 times last years increase. The …
Its been a frustrating time for millions of Americans still waiting for their tax return to be processed so that they can get their much needed refund payments. The IRS guidelines state that 9 out of 10 returns should be processed within 21 days but as many tax payers have …
Most people dream of living a comfortable life without worrying about money. Though many people see this as lofty dreaming about yachts and summer homes, more and more people are turning these ideas into an achievable reality and gaining financial independence at a staggering rate. Financial independence means that you’re …
The House Ways and Means Committee has released the Democrat’s proposed tax increases to fund their $3.5 Trillion social infrastructure economic stimulus package. These tax hikes and changes, estimated to raise $2 trillion, are just proposals at this stage. In order to get the vast majority of Democrats on board …
The Biden Administration has now confirmed that they won’t extend federally funded unemployment benefits past the September 6th expiration date. They are instead encouraging states with high unemployment or hit hard by COVID-19 Delta to use existing ARPA stimulus funding to extend and expand traditional state unemployment benefits for as …
With federal unemployment benefits expiring after the week ending September 4th in states that didn’t end pandemic benefits early, many are asking what will happen to their active claim balance if they have weeks left after the expiry date. The answer unfortunately is that active balances under the PUA and …
In response to ongoing delays in making timely unemployment benefits payments, California’s Unemployment Agency – The Employment Development Department (EDD) – has announced that it will begin paying unemployment insurance benefits for claimants whose payments have been pending for at least two weeks. While this currently only being done for …
As the COVID-19 Delta variant spreads rapidly across the US many are worrying about the economic impact from additional regulations, state/national safety mandates and business reopening delays. But even of more concern to millions of jobless or under-employed Americans, still recovering from the pandemic induced slow down, are the end …
The Taxpayer Advocate Service (TAS) has released an updated report on the IRS Tax Refund processing and the news is not great as the same issues persist. While the backlog has shrunk, it is expected to grow again once more tax returns are filed after the October 15th extension deadline. …
[Oct 2021 Update] Republicans and Democrats reached a temporary comprise on raising the debt limit. Under bill S. 1301, the debt limit was increased by $480 billion, which is expected to be sufficient to allow the Federal Government to continue to meet its full commitments through early December. This issue …