This initiative has sparked a heated debate as critics question the implications for renters. Texas landlords are set to benefit from a lucrative tax break aimed at promoting affordable housing, potentially saving them a staggering $1 million The controversy surrounding Public Facility Corporations has garnered attention in Houston, where Mayor Sylvester Turner and the housing…
A recent survey by national pollster Gallup has revealed that a significant percentage of retirees in the United States heavily rely on Social Security as a vital source of income. Between 80% and 90% of retirees reported that they depend on their Social Security checks to meet their financial needs This reliance on Social Security…
Michigan leaders have revised their tax revenue projections for the next fiscal year, reducing expectations by $1.8 billion. Tax law changes lead to a $1.8 billion drop in Michigan’s revenue expectations However, they emphasized that the changes resulted from authorized tax relief measures and highlighted the strength of the state’s economy. The impact of the…
Minnesota Citizens Will Finally Get Their Tax Rebates, But Only To Those Who Are Eligible. Democrats Said It Is The Most Productive Session They’d Ever Had. While The Republicans Will Receive Punishments From The Voters. Tax Rebates for Final Release Tax rebates will finally be distributed to Minnesotans but to those who are only…
Losing your job unexpectedly can be overwhelming, but knowing the right steps to take can help you secure your situation. Here are some initial actions to consider after a layoff, with a focus on unemployment benefits, health insurance, and other potential benefits you may be eligible for Applying for unemployment benefits should be one of…
Sponsored by two Democratic state senators, Senate Bill 584 will be presented to the California legislature. A new tax proposal in California aims to tackle the state’s affordable housing crisis and assist low- and middle-income residents The bill calls for the implementation of an occupancy tax on short-term rentals, such as those offered through platforms…
The Internal Revenue Service (IRS) has issued a reminder to taxpayers that certain energy-efficient updates to their homes may qualify them for home energy tax credits. IRS reminds taxpayers of expanded home energy tax credits for energy-efficient improvements The Inflation Reduction Act of 2022 expanded the credit amounts and types of qualifying expenses. Taxpayers who…
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…