Tag: Finance News
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Cambridge Launches “Rise Up” Program, Providing Direct Payments to Residents to Address Economic Divide and Racial Inequity
The program, which received $22 million in funding from the American Rescue Plan Act, aims to address the economic divide and racial inequity within the city. Cambridge, Massachusetts has launched a new guaranteed income program called “Rise Up,” providing direct payments to eligible residents Unlike many other programs, Rise Up allows residents to freely use…
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Chicago Seniors Receive Lower SNAP Benefits Following Changes In Work Requirements
Chicago seniors received lower SNAP benefits following changes in the work requirements. Reduced SNAP Benefits Hurt Several Chicago Seniors Following New Work Requirements Several Chicago seniors were greatly affected by the new work requirements that required Supplemental Nutrition Assistance Program (SNAP) beneficiaries aged 53 years old and below to work or join training and community…
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Student Loan Payments Set to Resume in the United States Amidst Debt Ceiling Deal
Student loan borrowers in the United States are facing the resumption of loan payments as a result of a debt ceiling deal reached in Washington. The agreement, if signed into law, will reinstate payments on federal student loans that were paused during the pandemic These payments will resume at the end of August, with bills…
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New Mexico Taxpayers Have One Day Left To Apply For A $500 To $1,000 Direct Payment From The Government
The New Mexico state has approved the $ 673 million fund to pay state-qualified taxpayers. The taxpayers have one day left to apply for direct payment from the government. New Mexico taxpayers have only one day left to submit applications for direct payments worth between $500 and $1,000 New Mexico state approved the…
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Billing Transparency For Medical Signed By Gov. Abbott.
A Bill Signed Into Law That Requires Medical Facility To Specifically Put The Patient’s Availed Healthcare Before Sending It To Billing. Governor Greg Abbott Signed The Bill, It Includes HealthCare Facilities And Hospitals But Not Doctors Or Federally Qualified Health Care Centers, Thru Electronic Or The Patients Portal. Medical Billing Transparency. Senate approved…
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Debt-Limit Deal For Student Loan In Small Provision
A Small Allocation For Student Loan Was Made In Agreement To Raise The Federal Debt Limit. Although President Biden’s Student Loan Pause Was Rejected Still He Agreed To Continue Payment By The End Of August. Resume Student Loan Payments. President Biden’s plan to excuse $20,000 student loan didn’t push through but a small…
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State-Funded Accounts To Cover Private Schools Expenses: Iowa Parents Can Apply Now
Starting May 31, Iowa parents with low income may apply to be qualified for Iowa-funded accounts to pay their child’s expenses for private school. Iowa parents can now apply online Governor Reynolds of Iowa proposed and approved a state-funded account for low-income parents who enrolled their children in private schools. Iowa Governor assured every…
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Eligible Recipients To Access 3 Accounts To Minimize Taxes In Retirement
Eligible recipients will have access to three accounts that will minimize their taxes in retirement. Three Accounts Will Help Eligible Recipients in Minimizing Taxes in Retirement Eligible recipients may access three accounts that will help them minimize their taxes in retirement as part of their retirement plan: the health savings account, Roth 401(k), and the…
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Lawmakers Allocate Additional Funding for Education but Fail to Ban Corporal Punishment in Oklahoma Schools
A bill seeking to ban the use of corporal punishment on students with disabilities has failed to progress after being approved by the House. Lawmakers in Oklahoma have allocated an additional $625 million in recurring appropriations for public education During the 2023 legislative session, several significant developments took place concerning teachers and students. Notably, certified…
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Legislation Proposed to Boost Small Business Growth Through Increased Income Tax Deduction
U.S. Representative Blake Moore from Utah has introduced a new bill in the House of Representatives aimed at promoting small business growth. One of the key provisions of Moore’s proposal is to double the income tax deduction for equipment purchases from $1 million to $2 million The proposed legislation, known as the Small Business Growth…