Senators Tim Kaine and Mark Warner of Virginia are reintroducing the School Infrastructure Modernization Act, which aims to remove an obstacle in the federal tax code that prevents historic tax credits from being used to finance the renovation of local school buildings that will continue to be used as schools. Senators aim to remove obstacles…
Louisiana business owners may soon have a tax incentive to hire high school interns, according to a proposed bill. Louisiana proposes tax credit for hiring high school interns House Bill 637, authored by Rep. Buddy Mincey, R-Denham Springs, would allow employers to receive a state tax credit of up to $2,500 if they hire public…
The program’s financial feasibility will be discussed at the county’s budget meeting in June, and the logistics will be discussed in August. Santa Clara County officials are considering a guaranteed basic income program for former inmates to help them integrate back into society The advocates believe the program could decrease recidivism by providing a financial…
The first-ever guaranteed income program in Cook County, Illinois, is now providing more than 3,200 families with a monthly direct payment. Cook County Promise Guaranteed Income Pilot Program The program provides monthly stipends of $500 for two years to low-earning households. The program is one of 130 similar guaranteed income pilot programs in 32 states…
For a home worth $250,000 with a 20% down payment, this would result in a monthly mortgage payment of over $1,600. Mortgage rates are on the rise, with Freddie Mac reporting an interest rate of 6.39% for a 30-year fixed-rate mortgage loan in the week ending May 4, 2023 However, there are still options available…
While there are a few other no-deposit deals available, they all require the financial backing of friends or family. UK-based Skipton Building Society has launched a deposit-free mortgage aimed specifically at renters Skipton’s deal requires 12 months of on-time rental payments and a good credit history but does not need a guarantor. However, at 5.49%,…
Social Security recipients have been battling inflation for over twenty years now, usually in failure. The problem might worsen if the present debt ceiling crisis isn’t handled, and it’s unlikely to improve till politicians modify how annual cost-of-living adjustments (COLAs) are determined. The nation’s oldest individuals who resigned around 2000 have reduced 36% of their…
The DFL Lawmakers said their tax package eliminates the social security income tax of 76% of recipients. The DFL Lawmakers is taking the shape of the final tax deal worth $3 billion The DFL Lawmakers are taking the shape of the final tax deal at the Minnesota Capitol. The discussion will include rebate checks…
The analysis by the GAO revealed alarming levels of fraud in the Paycheck Protection Program (PPP) and the COVID-19 Economic Injury Disaster Loan Program (EIDL). Over 25% of applicants seeking pandemic relief through two SBA programs have potentially fraudulent discrepancies in their applications Out of the total 13.4 million unique recipients, the GAO identified more…
2.5 million taxpayers may get their Minnesota tax rebate checks soon after the Democrats agreed on a $3 billion tax package to allocate for one-time Minnesota tax rebate checks. 2.5 million taxpayers of Minnesota State may get their Minnesota tax rebate checks soon Taxpayers may qualify to receive their Minnesota tax rebate after the…