House Speaker Mike Johnson informed Republican senators about upcoming legislation to assist Ukraine during a Q&A session at the Senate Republican retreat. He clarified that the House’s version of aid would differ significantly from the Senate’s $95 billion foreign aid package. Johnson suggested that the House might propose a loan or lend-lease program to support … Read more
Eligible taxpayers who haven’t filed their 2020 tax returns yet have just over two months left to claim money from the first two COVID stimulus checks. The IRS reminded taxpayers of the upcoming deadline, stating that most eligible individuals have already received the first two stimulus checks sent out in 2020. To claim the Recovery … Read more
The IRS issued a reminder this week, stressing that time is running out for certain taxpayers to claim their share of the 2020 stimulus checks. Two rounds of stimulus checks were issued in 2020, but some eligible individuals have yet to receive their payments because they didn’t file a tax return for that year. Taxpayers … Read more
Veterans are set to receive additional benefits soon, thanks to a Social Security cost-of-living adjustment (COLA). Due to this year’s 3.2 per cent COLA, veterans can expect payments of up to $3,600, which will be distributed on March 1 and April 1 for February and March. These increases aim to help veterans cope with rising … Read more
In response to the struggles faced by retailers, Representatives Ro Khanna and Debbie Dingell have introduced the Made in the USA Tax Credit Act. This bill aims to revitalize small American businesses by incentivizing shopping through tax credits. Under the proposal, individuals could receive up to $2,500 in tax credits, while couples could get up … Read more
Taxpayers who haven’t filed their 2020 tax returns yet still have an opportunity to claim money from the first two COVID stimulus checks. The Internal Revenue Service (IRS) has issued a reminder about this important deadline, emphasizing that most eligible individuals have already received their payments. However, for those who haven’t, there’s still time to … Read more
In the ongoing housing crunch in the U.S., red states like Texas are outshining blue states like California and New York. Texas has been successfully building millions of new homes in recent years, causing prices to drop and delighting potential homebuyers. The housing shortage, rooted in the aftermath of the 2008 financial crisis, has led … Read more
Social Security recipients can anticipate their March 2024 payments soon. The distribution follows a monthly schedule, with payments processed on the second, third, and fourth Wednesdays. Here’s when you can expect your payment: Recipients who started receiving Social Security before May 1997 or receive both Social Security and SSI will get Social Security on March … Read more
In his State of the Union address, President Joe Biden vowed to protect Social Security and Medicare, stating, “If anyone here tries to cut Social Security or Medicare or raise the retirement age, I will stop them.” Biden emphasized the need to address the solvency of these programs, suggesting lifting the annual payroll tax cap … Read more
A recent poll conducted by Navigator Research indicates that a significant majority of Republican voters are apprehensive about potential cuts to Social Security and Medicare. When asked about their concerns regarding GOP plans for tax breaks benefiting wealthy individuals and corporations, potentially resulting in cuts to Social Security and Medicare, 61% of Republican respondents expressed … Read more