Tag: Finance News
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Paperless Taxpayers Processing By 2025: How IRS Promises To Pledge?
The US Treasury Department stated that beginning with the 2024 filing season, taxpayers would prefer opting out of receiving any printed contact from the Internal Revenue Service (IRS). All documents of taxpayers will be digitized as soon as they arrive at the IRS. As per Treasury Department, IRS wants to process all tax returns…
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Interest Rate Hike Boosts Treasury Bill Yields to Record Levels
Treasury bills (T-bills) are now offering the best yields seen in years, surpassing 5% after the quarter-point increase in the benchmark lending rate. This move has pushed interest rate hikes for over two decades. The Federal Reserve’s recent interest rate hike has led to substantial gains for savers seeking secure short-term investments Currently, a one-year…
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Halls Creek Community Requests Banks To Install US Bank ATMs In Kimberley And Improve Access To Cash
Kimberley region residents struggled to access US Bank ATMs without paying ATM fees and being banned from how much they can withdraw their money from the local post office. Banks must provide better services by putting US Bank ATMs to understand community needs In Halls Creek, more than 350 kilometers south of Kununurra, residents…
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Food Stamp Distribution Coming To Maine Recipients Starting August 10 – Check More About It Here!
The monthly food stamp distribution is coming to Maine eligible recipients starting August 10. Eligible SNAP Recipients Will Expect Food Stamp Distribution in Maine Starting August 10 Eligible Supplemental Nutrition Assistance Program (SNAP) recipients will expect to receive food stamp distribution in Maine starting August 10 until August 14, wherein the food stamp distribution in…
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Tax Preparer Leon Haynes Arrested for Allegedly Masterminding $124 Million Tax Fraud Scheme
Leon Haynes is accused of attempting to claim over $124 million from the Internal Revenue Service (IRS) by submitting more than 1,000 false tax forms, falsely claiming COVID-19-related employment tax credits. Teaneck resident Leon Haynes, a tax preparer, was arrested by the Justice Department on July 31 on charges related to an elaborate tax fraud…
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Florida’s Extended Tax Holiday Offers Two Weeks of Savings on Back-to-School Supplies and More
The highly anticipated Florida Back-to-School Sales Tax Holiday is making a grand return, and this time it’s bigger and better than ever. The traditional weekend event has been transformed into a generous two-week tax holiday For Pinellas County residents, this means a brief respite from the usual 7% sales tax, with 6% going to the…
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The IRS aims for digital documents by 2025 filing tax season as part of their “paperless processing initiative”
The IRS plans to go totally digital documents by 2025, meaning most taxpayers will be able to digitally send a bevy of tax documents and other communications to the agency next filing season. Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel unveiled the “paperless processing initiative” on Wednesday in an effort to lower the…
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Thomasville City Council To Implement Property Tax, Raise Utility Rates For Residents To Improve Financial Position
Thomasville City Council proposed implementing a property tax and raising utility rates for residents to improve the city’s financial position. Thomasville City Council Proposes to Implement Property Tax and Raise Utility Rates for Residents Due to Lack of Funds Thomasville City Council proposed to implement a property tax and raise utility rates for residents several…
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New Website Launch Opens Applications For New Student Loan Forgiveness Plan
A new website launch initially opened applications for the new student loan forgiveness plan. New Website Launch Begins Taking Applications for SAVE Plan Full Launch Following Rejection of Initial Debt Relief Plan Following the rejection of previous Biden’s debt relief plan, the new website launch began taking applications for the Saving on a Valuable Education…
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Study Raises Concerns Over Graduate School Programs Leaving Students Buried in Debt, Struggling to Repay Loans
The study, conducted by the HEA Group and Student Defense, a nonprofit advocating for students’ rights, found that around one-third of graduate school programs owe more on their loans than they initially borrowed five years after completing their programs. Graduate school programs have been under scrutiny due to a new analysis revealing that some students…