President Donald Trump’s “Big Beautiful Bill” faces a challenging future in the nation’s capital. Speaker Mike Johnson pledged to have the entire package on President Trump’s desk by July 4 after the bill passed the House last week. It is anticipated to undergo substantial modifications in the Senate, though, and one of the plan’s most…
In the United States, taxpayers scrambled to submit their forms before the Internal Revenue Service (IRS) deadline of April 15. Although it’s well past the deadline, one group still has a little time to finish their submission and avoid paying late fees. An extra two months have been added to the grace period for US…
After a Republican-backed tax bill garnered attention for a number of cuts, benefits are once again at the forefront of the political discussion. Is President Trump’s political team planning to reduce Social Security taxes? One noteworthy feature of the bill, which is currently in the House and will affect a number of groups, especially seniors,…
In the state of New York, the distribution of SNAP benefits begins on the first of the month and continues until the ninth. This schedule for the Food Stamp program applies to all counties. It is not, however, going to be the payment schedule for the five boroughs of New York City. The New York…
Nebraska is the first state in the nation to be approved by the federal government to prohibit the use of Supplemental Nutrition Assistance Program (SNAP) benefits, formerly known as food stamps, to purchase sodas and energy drinks. US Secretary of Agriculture Brooke Rollins announced the decision, calling it “a historic step to Make America Healthy…
Retirement often gets painted as a time of loss—losing the routine of work, losing the paycheck, and losing the structure of daily life. But what if we looked at it differently? Retirement can be a time of gain—a chance to embrace freedom, time, and opportunities you didn’t have before. The trick is in the planning….
The deadline for filing the 2024 tax returns was set by the Internal Revenue Service (IRS) at April 15. Nonetheless, it’s possible that some taxpayers were given more time to pay, file, or both. Generally speaking, the Agency has 21 days to issue tax refunds to qualified taxpayers. Payments can occasionally arrive sooner than that….
According to a report this week by various American media, millions of Americans who depend on Social Security may have some of their monthly benefits taken away beginning in June if they don’t make their student loan payments. Official data indicates that people who owe money to the federal government are impacted by this process….
If you live in a state with high taxes, you’ve probably felt the sting of the SALT deduction cap. Since 2017, the Tax Cuts and Jobs Act (TCJA) has limited how much you can deduct for state and local taxes on your federal return — $10,000 for most taxpayers. That cap has been a sore…
The Tax Cuts and Jobs Act (TCJA) shook up the tax code back in 2017, bringing major changes for millions of Americans. Known as the “Trump tax cuts,” the law affected everything from income tax rates and the standard deduction to child tax credits and business taxes. It was the biggest tax overhaul in decades….
