Tag: Newsbreak local news
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I.R.S. Commissioner Fears Cuts to the Budget Would Increase the Deficit
The head of the Internal Revenue Service retaliated against claims that he was breaking the law for political reasons on Thursday, warning that planned budget cuts to his department will eventually pay the federal government additional funds. Daniel Werfel, the IRS commissioner, made these remarks during a speech before the House Ways and Means Committee…
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US Taxpayers Will Contribute $70 Million to Chicago Migrants
Cook County taxpayers in Illinois will contribute an extra $70 million to support migrant workers arriving in the Chicago region, Governor J.B. Pritzker says on Thursday. One of the biggest cities in the nation and the heart of migration, Chicago, is located in Cook County. New data published on Tuesday by U.S. Customs and Border…
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TikTok, Instagram, and YouTube are being sued by New York for being “addictive” platforms for kids
The tech companies that own Facebook, Instagram, TikTok, Snapchat, and YouTube are being sued by New York City, its general hospital system, and its schools. The lawsuit accuses the companies of creating “addictive and risky” social media platforms that are contributing to a childhood mental health crisis that is interfering with education and using up resources.…
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Update on the stimulus: Michigan will fund low-income small business owners $528 per month in one day
The upcoming check for Ann Arbor, Michigan residents who applied to get $528 per month through a program for low-income entrepreneurs and small company owners will arrive in a day. The University of Michigan’s Poverty Solutions team chose one hundred participants to take part in Guaranteed Income to Grow Ann Arbor, a 2-year guaranteed income…
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Maximum Social Security Benefit for 2024
What is the maximum amount that Social Security will pay you? The answer is based on your age, employment history, relationship status, and retirement choices. After addressing the most pressing queries regarding the highest Social Security payments that will be paid in 2024, let’s look at ways that you might optimize your benefits. What Is…
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Social Security update: In 6 days, $4,873 in second-round February benefits will be distributed
In less than a week, qualifying retirees will receive their second wave of the 3 Social Security payments for February, which can total up to $4,873 for the top earners who retire at age 70. The Social Security Administration’s calendar indicates that retired seniors who were born on or between the eleventh and twentieth of their…
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Authorities in Portland, Oregon, issue a state of emergency due to a snowy forecast
Multnomah County, Oregon, where Portland is located, has officials saying they will announce a state of emergency on Wednesday night because of the possibility of snow. The National Weather Service predicts that from Wednesday night until Thursday afternoon, the Portland area might see up to 3 inches (7.6 centimetres) of snow. A forecast for wind…
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Social Security update: $4,873 in benefits for the 1st round of February are distributed today
The first batch of retirees received the initial wave of the 3 Social Security payments for February on Wednesday. These payouts can total up to $4,873 for the top earners who retire at age 70. The Social Security Administration’s calendar indicates that retiree seniors who were born on or between the first and tenth of their…
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Social Security 2025 COLA is projected to decline, putting seniors at financial hardship and increasing their tax burden
The slowing inflation patterns should mean a significantly less cost-of-living increase for older persons in 2019. The Senior Citizens League, a nonpartisan, nonprofit seniors advocacy organization, conducted study and projected that Social Security’s cost-of-living adjustment (COLA) in 2025 will be 1.75% based on Tuesday’s consumer price index report from January. That rise would be less…
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How much you will receive and the amounts of the new child tax credit
The House of Representatives adopted the bipartisan bill at the end of January, and the Senate’s acceptance is the final step towards making the CTC hike official. Families may get more money over the following 3 years if approved. The maximum reimbursement amount per child will progressively rise under the proposal beginning in 2023 and continuing…