Money Today That Matters Tomorrow
Transaction codes are used on IRS tax transcripts to provide information for tax filers into what is/has happened with their tax return processing, reasons for potential delays, when a refund will be paid or why it is delayed. Given the long delays in IRS processing over the last few years and …
Under various state administered food stamp or SNAP programs, there is a sub-program called the Commodity Supplemental Food Program (CSFP) which benefits over 600,000 seniors annually. This program seeks to further help seniors and children with supplementing access to healthy foods via local USDA approved food banks and grocery distribution centers. …
The IRS is now processing refunds on a regular basis and many taxpayers are seeing their refunds approved and in the “Refund Sent” status stage. The refund payment status screen (in WMR or IRS2go) as shown below will show your payment date, as well as any messages on potential IRS …
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 …