The stimulus relief authorized by the American Rescue Plan Act that the IRS explained is still available in 2022 relates to a specific kind of tax credit that was expanded by the COVID-19 legislation. Taxpayers may still qualify for temporarily expanded eligibility of the Premium Tax Credit.
Before you file, you’ll want to be aware of any changes for the 2023 tax season. Experts warn that there are a few key deductions you can’t take this year—which could affect what your refund adds up to. There are also a few updates to tax credits as well. CLICK ON THE HEADLINE FOR MORE
President Biden just spoke about a wide range of issues including legislation he would like to see passed by Congress in 2022. He referred to both the Child Tax Credit and the Community College Plan as “massive things” but wasn’t sure he’d be able to get either a credit extension or his community college plan into the Build Back Better legislation. CLICK ON THE HEADLINE FOR MORE
It’s unlikely that lawmakers will decide to let those collecting jobless benefits in 2021 forego paying taxes. Anyone receiving those benefits now should plan to pay the IRS a portion of that money. CLICK ON THE HEADLINE FOR MORE
If you’re a homeowner, you may not have to wait for a fourth stimulus check to get your hands on more government money. CLICK ON THE HEADLINE TO FIND OUT IF YOU’RE ELIGIBLE.
Tax Day was Monday, May 17th! Here are some things to know if you filed an extension. CLICK ON THE HEADLINE FOR MORE
Millions of Americans continue to struggle financially as the economy begins to slowly recover from 2020. CLICK ON THE HEADLINE FOR MORE
Joe Biden has called the current $600 round of cash a “down payment.” The President-elect plans to lay out a proposal for a massive new COVID relief package, including fresh direct payments to Americans. CLICK ON THE HEADLINE FOR MORE
Is there anything you should do for your personal finances to be ready for political change? Five experts were asked for advice on how you can take control of your finances under a new administration. CLICK ON THE HEADLINE FOR MORE
Analysts say Bden’s blueprint will bring back the 11 million jobs and $670 billion in annualized gross domestic product wiped out – and not yet recovered – in the crisis more rapidly than if President Donald Trump had won a second term. CLICK ON THE HEADLINE FOR MORE