A new tax bill will temporarily expand the standard tax deduction of up to $4,000 for eligible working families. New Tax Bill Will Temporarily Boost Standard Deduction of Eligible Working Families for the Next Years The new tax bill called Tax Cuts for Working Families Act aims to temporarily expand the standard deduction of eligible…
Maryland residents who have been anxiously awaiting their June payment for the Supplemental Nutrition Assistance Program (SNAP) can expect to receive it by Friday, bringing much-needed relief. The payment schedule for SNAP benefits in Maryland began on June 4 and will conclude on June 23 Around 772,700 people in Maryland, which accounts for approximately 13%…
At almost 72 years old, Cleaver is not only showcasing her car but also her bedroom. Stephanie Cleaver, a retired property manager, finds herself in an unfortunate situation in Southern California Homelessness has become a reality for her, with no place of her own except when she can stay with her son or daughter. Cleaver’s…
The California Department of Housing and Community Development has recently released updated income limits for various counties, indicating an increase in most areas. These limits, determined annually using federal guidelines, play a crucial role in assessing eligibility for affordable housing programs. In Orange County, the income threshold for a single-person household to be classified as…
Congresswoman Linda Sanchez (D-Calif.) introduced a new Congressional Bill that aims to increase the Social Security Survivors Benefits by 25%, benefiting surviving spouses after the sudden cut of an income stream from a spouse’s untimely death. 25% Increase? Here’s Why… As stated by Rep Sanchez, the Ways and Means Social Security Subcommittee’s senior member,…
In the coming months, the federal government plans to unveil the first ten drugs subject to Medicare’s historic price negotiations. However, pharmaceutical companies and their allies are actively working to impede these negotiations. Merck, the US Chamber of Commerce, and Bristol Myers Squibb have recently filed separate lawsuits against the government, arguing that Medicare’s authority…
An estimated $5-$10 billion in consumer spending power is set to be redirected toward federal student loan payments, impacting millions of borrowers. This shift will have winners and losers in the market. 43 Million Americans to Repay $1.6 Trillion in Student Loans The U.S. government’s decision to end the pause on student loan payments and…
Building equity in your home is a valuable asset, and you don’t have to wait until you pay off your mortgage or sell your property to benefit from it. Cash-out refinancing offers an alternative, allowing you to convert your home equity into cash while continuing to pay off your mortgage. This article explores the concept…
The House has passed a bill to eliminate a mortgage rule implemented by the Biden administration, resulting in increased rates and fees for some creditworthy homebuyers while reducing costs for those with riskier credit scores. Repeal of Mortgage Rule Approved by Bipartisan Vote With a bipartisan vote of 230-189, including support from 14 Democrats, the…
For newer Americans who expect to get older one day, 401(k) plans are their only safe chance because pension funds are all but extinct, and the Social Security bank fund faces a 75-year shortfall. Additional Americans, compared to previously, make use of 401(k) plans to save for retirement, indicating that all of this money is…