Money Today That Matters Tomorrow
In each state, U.S. territory, and the District of Columbia (D.C.), there is a maximum amount of weekly workers’ compensation that can be received if an injury occurs on or after a specific date. These amounts are adjusted annually and represent the highest rate that a worker is eligible to …
The USDA has officially announced that SNAP (Supplemental Nutrition Assistance Program) emergency allotments, which were implemented as a temporary increase to monthly SNAP benefits during the COVID-19 pandemic have officially ended. This means for remaining residents in states who received a USDA waiver to participate in the temporary SNAP expansion …
The IRS announced they have completed final corrections to 2020 tax filings for taxpayers who inadvertently overpaid their taxes on unemployment compensation they received that year. Under the Biden Stimulus (ARPA) package, which funded another round of unemployment benefit extensions, there was a late provision added that provided a tax …
This article provides information on Pennsylvania’s SNAP (Food stamp) program, including the latest on Emergency Allotments (EA) approved via the federally funded COVID stimulus bills. Nearly two million residents benefit from the federally funded, state administered program. See further details and payments schedules below. These SNAP EA payments boost existing …
President Biden has confirmed via executive order (EO) that 2023 General Schedule (GS) pay scales will rise by an average of 4.6%. This is the highest increase in nearly two decades. For the locality of ” LOS ANGELES-LONG BEACH, CA” (LA area) the latest GS pay scale table is shown below, …
Most GS employees’ compensation is made up of base pay and locality pay, covering 55 geographic areas, which are based on surveys of pay levels for non-federal workers in a specific geographic area. This is to account for the different cost of living standards in different areas of the country. …
For the locality of “WASHINGTON-BALTIMORE-ARLINGTON – (DC, MD,VA, WV, PA),” (DMV area) the latest GS pay scale table is shown below, which incorporates the 4.7% GS base pay increase and locality payment adjustment of 16.82%. This brings the total 2024 pay increase for this geography to 4.99%. Grade Step 1 Step 2 …
While SNAP emergency allotments were not extended into 2023, a new program was (permanently) funded in the 2023 government omnibus bill that provides a $40 per month grocery benefit for kids, starting in the summer of 2024. Children would be eligible for $40 supplementary grocery benefit – paid via reloadable debit …
The $1.7 trillion spending bill (H.R. 4373) to fund the government through the 2023 fiscal year has now been passed and signed into law. The bill provides over $770 billion in funding towards domestic (non-defense discretionary) programs and more than $855 billion for defense spending. It also avoids a potential …
H&R Block’s online tax software has a user-friendly interface that guides users through the process of filing their tax return with an interview-style format. It also allows filers to import or upload their W-2 or 1099 forms into the software. However, if you need help from a tax professional, you …
It’s always a good habit to do some tax-loss harvesting (TLH) before year end, especially in years when the stock market is down significantly. This is primarily because you can use investment (capital) losses to offset any capital gains of similar assets; and also use the $3,000 income offset provision …
The 10-second review TurboTax is widely considered the leading choice for those who prefer to prepare and file their own taxes. Its intuitive design and top-notch user interface coupled with various options for importing tax documents and “live” human support make it a popular choice for many. However, it is …
Here are some useful articles and videos around the 2023-2024 Tax Season Calendar and corresponding estimated IRS Refund schedule Introduction I’ll be looking at 3 topics today. The first is when you can file your 2022 taxes in 2023. This includes when the IRS accepts tax returns for processing, deadlines …
As you approach middle-age in your 30s and 40s, here are ten money tips to keep your financial house in order. Think of it like your financial checklist and if you are doing most of these, you should be in good shape as you head towards retirement