Tag: Finance News
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New Mexico Residents to Receive Tax Rebate Payments of Up to $1,000
The state’s Taxation and Revenue Department will be distributing these payments to individuals who have filed their 2021 taxes. New Mexico residents can expect a tax rebate payment in the month of June, with the amount reaching up to $1,000 The rebate values have been determined as $500 for single filers and $1,000 for married…
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Alabama Tax Filers Could Receive $150 Rebates in 2023
The Alabama legislature has passed both the General Fund and Education Trust Fund budgets, which include a provision for a $150 tax rebate for single filers. The rebate, if approved by Governor Kay Ivey, will be distributed later this year Originally, Governor Ivey had proposed $400 rebates in her State of the State address, emphasizing…
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Tax Assistance Program Helps Thousands of Boston Residents Claim Refunds and Credits
The program resulted in a combined total of $5.4 million in federal and state refunds and an impressive $498,691 in Child Tax Credits (CTC). Boston’s ABCD concluded its successful 2023 tax season, providing crucial tax assistance to 3,103 residents in completing their state and federal tax returns Furthermore, nearly 16% of the returns completed were…
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Eligible Recipients To Get Relief Under Inflation Reduction Act
Several eligible recipients will get relief under the Inflation Reduction Act. Eligible Recipients Will Get Tax Breaks and Several Reliefs Following the Passing of the Inflation Reduction Act After passing the Inflation Reduction Act, several eligible recipients expect tax breaks and various reliefs to help them meet their needs, especially to pay their bills and…
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Illinois House Approves State Budget for Fiscal Year 2024
The budget bill (SB250) and the budget implementation bill (HB3817) were considered by the House after midnight on Saturday, with the implementation bill being addressed first. The Illinois House of Representatives joined the Senate in passing a new state budget for Fiscal Year 2024 Following an hour of floor debate, HB3817 was approved with a…
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Tax Rebates Expected to Bring Extra Cash for Alabama Residents
The bill, which was passed by both the state’s House and Senate on Thursday, proposes tax rebates of $150 for single filers and $300 for couples filing jointly. Alabama residents are eagerly awaiting a tax rebate that is currently awaiting approval from Governor Kay Ivey According to AL, once the governor signs the bill into…
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State Fund Opens Applications for Low-Income Iowa Parents to Cover Private School Expenses
The program, overseen by New York-based company Odyssey, will assess eligibility based on Iowa income tax returns. Starting next Wednesday, low-income parents in Iowa can begin applying for state-funded accounts aimed at covering private school expenses for their children If a parent has not filed a tax return, alternative evidence of income, such as recent…
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Minnesota Taxpayers To Get Tax Credits, Increases Following Tax Changes Approval
Minnesota taxpayers will expect tax credits and increases following the approval of tax changes. Minnesota Taxpayers Will Expect Tax Changes Depending on their Annual Income Per Household Several Minnesota taxpayers will expect to receive tax rebates, tax credits, and tax increases depending on their annual income for each household following the tax changes approved. The…
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Massachusetts Secures Food Help for Low-Income Students with Final Round of Pandemic Assistance
The federal government has approved Massachusetts‘ request for a final round of disbursements from the Pandemic EBT program, ensuring that hundreds of thousands of low-income students in the state will receive food assistance throughout the summer. Food Help Continues for Low-Income Students in Massachusetts Under the temporary extension of the program, eligible families with K-12…
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Student Loan Borrowers Face Higher Interest Rates for Upcoming School Year
This marks the highest interest rate on new federal loans since the 2009-10 school year during the Great Recession. Interest rates on new federal undergraduate student loans are set to increase to 5.5% for the upcoming school year The rise in rates is a result of the Federal Reserve‘s efforts to combat inflation through interest…