As taxpayers across the country gear up for IRS Tax Season 2024, understanding the various tax credits and rebates available can significantly impact your financial bottom line. Federal Child Tax Credit: A Boon for Families The federal child tax credit remains a cornerstone for families nationwide during IRS Tax Season 2024. With up to $2,000…
The new stimulus checks 2024 costing $1312 will be paid to the eligible residents on scheduled date. Know how the state is helping its residents cope with the ongoing financial problems. $1312 Stimulus Checks 2024 in February Some states in the United States will distribute $1312 stimulus checks 2024 for eligible residents of their states….
Colorado Native Americans are set to receive restitution following a settlement between the Colorado Attorney General’s Office and TrueAccord, a Kansas-based debt collection firm. The company’s actions targeted Native American consumers in Colorado, violating state laws with exorbitant interest rates exceeding 500% APR. Unlawful Debt Collection Practices TrueAccord’s unlawful debt collection practices came to light…
The U.S. House of Representatives has approved the Tax Relief for American Families and Workers Act of 2024, a bill aimed at enhancing the child tax credit over the next three years. Geared towards providing financial relief to lower-income families with children the proposed changes, if signed into law could benefit millions by increasing the…
A new benefit that may soon be available to student loan debtors who are blessed enough to be given exposure to a 401(k)-style plan but are unable to save in it is: Their company may contribute to their retirement funds if they pay off their school loans. Employees with student loans will be eligible to…
For consumers who missed prior to the pandemic, the Fresh Start initiative offers an excellent chance to start over with the resumption of federal student loan obligations in October 2023. Borrowers with federal student loans are the only ones eligible for Fresh Start, provided that they defaulted prior to the forbearance starting on March 13,…
New York City is introducing a new pilot program that will give NYC migrant families a reloadable pre-paid credit card to buy food and supplies. A pilot program is being launched to provide pre-paid debit cards to NYC Migrants! The pre-paid debit cards will be provided to an initial 500 families of NYC migrants with…
The 2024 tax refund season officially opened last January 29, meaning the IRS will begin accepting and processing 2024 tax refunds for the 2023 tax year. The deadline to file is April 15. Taxpayers who live in Maine or Massachusetts have until April 17 because of holidays. Here’s what you need to know if you’re…
If you haven’t filed your 2024 Tax refund yet, you still have plenty of time. The 2024 tax refund filing deadline is on April 15. Whatever you do, don’t rush through the steps as this can lead to mistakes on your 2024 Tax Refund. Find out how to avoid the most common mistakes made…
Every year, new tax laws implemented to emphasize tax brackets, standard deduction amounts, and other significant inputs to tax planning are adjusted, generally in line with changes in the cost of living and tax refunds. The following provisions apply to your 2024 income tax return depending on your filing status based on the New…