The Fed Could Keep Lifting Rates Sharply ‘For Some Time’
A stark message was just delivered by Federal Reserve Chair Jerome Powell: "The Fed will likely impose more large interest rate hikes in coming months." He also warned more explicitly than he has in the past that the Fed’s continued tightening of credit will cause pain for many households and businesses. CLICK ON THE HEADLINE FOR MORE
IRS Interest Rates Jump To 6% On Oct. 1. Here’s How Much Money You’ll Get For A Missing Refund
As of Aug. 5, there were 9.7 million unprocessed individual 2021 tax returns, according to the IRS, with 1.8 million requiring error correction or other special handling. The IRS is working to clear its backlog but there’s a little good news if you’re missing a refund: You may be earning interest on your unpaid balance. CLICK ON THE HEADLINE FOR MORE
8.2 Million People May Soon Get Health Insurance Rebates Up To An Average $155 Per Person
An estimated 8.2 million policyholders are expected to receive a piece of $1 billion in rebates by Sept. 30 from various insurers, The rebate amount can vary widely, depending on your location and insurer. CLICK ON THE HEADLINE FOR MORE
The Inflation Reduction Act and Taxes: What You Should Know
The U.S. Senate just passed the Inflation Reduction Act of 2022—a climate, energy, healthcare, and tax bill that would increase IRS funding, and change some tax policy and tax credits. The House of Representatives is expected to take up the legislation on Friday, August 12th In the meantime, it’s good to have information about how the Act might impact your taxes. CLICK ON THE HEADLINE FOR MORE
Student Loan Payments Are Supposed To Resume In September. Is Another Pause Coming?
For what you need to know about federal student loan payments, including how long the pause could last, what other benefits it includes and whether Biden will push for more student debt forgiveness, CLICK ON THE HEADLINE.