Money Today That Matters Tomorrow
[Updated with latest developments] After several weeks of in-party bickering President Biden and Congressional Democrat leaders took the first big step in passing their massive spending bill, a.k.a the Build Back Better (BBB) Act. By passing the bill in the House, and getting an actual bill documented, Democrats have now …
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 …
Like millions of American households, I got my monthly advance CTC payment deposited in my bank account today! For most this is awesome news because there were genuine concerns that there could be long delays with the IRS making these ARPA funded payments. You can see more on the Advanced …
With payment of the expanded and advance Child Tax Credit (CTC) underway, many parents and guardians with dependents over 18 are feeling like they are missing out on the government largesse going to children. But there is some relief for this group, beyond what was provided in the last round …
Many of the states that ended federally funded unemployment benefits early (see full list) are now facing several legal challenges (lawsuits) that has meant a reconsideration of the early termination and in some cases a continuation of benefits past the state Governor’s prescribed early end date. The general argument’s being …
A few years ago working from home was relatively new and mainly something that technology or consulting companies offered. However, following the pandemic and with millions of workers effectively working remotely for over a year, the discussion of flexible working – which includes location and/or schedule flexibility – has become …
I’ve been blogging on and off for the last ten years while holding down a full-time job and supporting a growing family with the associated lifestyle inflation that comes with that. But one thing that has made me financially secure is that even if I didn’t have my job I …
The IRS has now confirmed that the ARPA legislated advanceable child tax credit (CTC) will start paying out from mid-July, until the end of the year (see full schedule). For many parents this will be a big boon as the extra money – $250 to $300 p/month depending on age …
The following article provides a discussion and update on the Cost of Living Adjustment (COLA) over the last few years. The COLA figure is critical for millions of Americas, especially retirees whose social security and SSI benefit raise is tied to the COLA increase. So the larger the COLA increase …