Given current patterns, business owners wishing to get their Employee Retention Credit in a timely manner may need to reassess their expectations. Businesses Are Waiting Months For ERC Credits Due To The IRS Backlog As business owners seek the retroactive tax benefit, the IRS has a backlog of claims for the Employee Retention benefit (ERC)….
OKLAHOMA CITY (KOKH) – With the passage of the Caring for Caregivers Act this month, Oklahoma will become the first state in the country to implement a broad caregiver tax credit. The Bill Provides Tax Credits To Family Caregivers To Keep Loved Ones At Home The law goes into effect on January 1, 2024. House…
President Joe Biden has rejected legislation that would have ended his student loan forgiveness program, reaffirming his commitment to working-class families. Biden addressed the Republican-led campaign to prevent his administration’s $400 billion program, which would provide up to $10,000 in student debt relief, with the additional help of up to $20,000 for Pell Grant recipients,…
It costs to fully utilize Social Security because it may serve as lifesaving for millions of senior citizens in America. Pension benefits, which are available if you’ve maintained a job and given Social Security taxes for a minimum of ten years, are something that the majority of individuals are aware of. However, you can also…
A recent county program designed to help low-income families may provide certain illegal immigrants in Texas with $500 checks per month for an entire year and a half. Houston’s Harris County, which involves it, voted 4-1 on Tuesday to approve a trial program that will give people with low incomes monthly payments in cash. The…
As a result of a new rule, almost a million Americans might fail their federal SNAP benefits, and both sides have shared their feelings on it. Certain new conditions in the last-minute debt ceiling settlement may affect SNAP benefits. Lacking kids, individuals aged 50 to 54 must put in at least 20 hours per week…
A group of taxpayers with a home in Vallejo Mare Island allegedly forced to pay additional tax payments, and they get nothing in return. The taxpayers pleaded their case in a budget hearing at City Hall. A group of taxpayers with a home in Vallejo Mare Island seeks repayment of the tax their paid…
American consumers will be in debt after facing rising interest rates and high asset prices of their loans. Transportation and housing lead people to have debt Buyers of new cars and real estate might be better off waiting, but if they want the new car and house now, taking on a big monthly debt…
Harris County’s Court Commissioners have authorized the guaranteed income pilot program. This program will pay at least $500 to qualified low-income families. Harris County Commissioners Court approved the plan to roll out a guaranteed income pilot program these coming months The program was recently approved, and the government will allocate $20.5 million of American…
Harris County Commissioners have approved a pilot program that will offer residents of some of the country’s poorest communities a guaranteed income. The initiative would employ federal COVID funding to assist residents earning up to twice the federal poverty level with $500 per month for 18 months. Harris County’s Economic Disparity Is Being Solved With…