This week, the Internal Revenue Service declared that certain taxpayers have limited time to request refunds for unpaid stimulus payouts. In 2020, 2 Economic Impact Payments, or stimulus cheques, were given out by the federal government. Since they failed to submit a tax return for the given year, certain people have yet to claim the…
Supported by the Chinese corporation ByteDance, TikTok is a social networking app that the White House put its support behind in Congress, effectively outlawing it in the country. Due to national security worries regarding the way the app utilizes and stores data, the bipartisan measure would force ByteDance to sell the app or risk being…
2024 Tax Bill: Tax Credits vs. Deductions Maximizing Tax Savings 2024 Tax Bill Illustrating the Point: Charitable Contributions vs. Energy-Efficient Home Improvements According to Yahoo! Finance, as tax season begins, taxpayers are reminded of the value of tax credits over deductions in optimizing their returns. While deductions lower 2024 tax bill based on the taxpayer’s…
Whitmer’s Innovative Proposal: The Caring for MI Family Tax Credit Addressing the Urgent Need for Support in Caregiving According to The Conversation, Michigan Governor Gretchen Whitmer has proposed a groundbreaking solution to alleviate the financial strain on families caring for elderly or disabled relatives: the Caring for MI Family Tax Credit. With caregiver tax credit…
Joe Budden’s Unwavering Support Contextualizing the Debate According to HiphopDX, in a surprising move, Joe Budden, on his podcast staunchly defended Russell Simmons amid the ongoing sexual assault allegations against the music mogul. Budden asserted that Russell Simmons remains beloved despite the accusations citing his significant impact on countless lives. While acknowledging the severity of…
To stop state Attorney General Letitia James from enforcing his order prohibiting transgender athletes from participating towards biological females in sporting competitions at venues inside his county, an elected official representing a suburb of New York City has sued the former. In response to James’ cease-and-desist letter on the subject, Nassau County Executive Bruce Blakeman…
The American goal of retirement is gradually becoming less of an unattainable dream for many people as they approach their senior years, when relaxation and pleasure might be the reward for years of hard work. The number of people who can afford retirement is decreasing as financial instability increases with age. Sen. Bernie Sanders (I-Vermont)…
83 House Republicans voted against a bundle of bills worth about $460 billion on Wednesday, which funded substantial portions of the federal government. Despite having asked for and received millions of dollars in federal assistance for a range of initiatives in their districts, 40 of them nevertheless took this action. For instance, consider Rep. Lauren…
Investigation Uncovers Misallocation of Parental Choice Tax Credit Funds Oklahoma Tax Commission Validates Impact of Outstanding Obligations After receiving emails from concerned Oklahomans, News 4 investigated how funds from the Parental Choice Tax Credit were allocated. Reports revealed that some of the money intended for children’s tuition was redirected to pay off individuals’ unpaid taxes,…
Introducing the Senior Property Tax Credit in Jackson County Program County Executive Frank White, Jr., Champions Senior Support According to Martin City and South Kc The Telegraph, Jackson County has unveiled its latest initiative aimed at aiding senior residents in managing property tax payments with the introduction of the Senior Property Tax Credit in Jackson…