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Personal Finance
Even One Additional Dollar in Income Can Result in a Significant Tax Increase
Taxing your Social Security benefits on your tax return is a fairly common practice. However, you have to understand how the tax is calculated. The tax system can be complicated, and you may be hit with some significant tax increases if…
Unemployment is Higher Among Men in Their 30s With Criminal Records, Which Makes Finding Work Harder
According to research published by RAND Corp. economists, as many as half of the unemployed men in their 30s have criminal records.
According to a CNBC report, approximately 6% of men aged 35 and older are unemployed, according to the…
Blame Biden for Higher Gas Prices. Here’s Why?
Russia's invasion of Ukraine will raise oil prices, says President Biden. He warns that gas prices will soon rise.
True, but don't be misled; that was the plan all along. The purpose was to promote a rapid transition to renewable energy,…
Child Tax Credit: Your Refund Could Bring an Additional $1,800
Last year, the 2021 expanded child tax credit provided six checks worth $300 each to millions of eligible families. Despite the end of those payments, parents should still expect to get more money with their tax refund this year, CNET.
For…
Tax Credits for Children Will Drop from $3,600 to $2,000 in the Near Future
The 1.9 trillion dollar American Rescue Plan Act was passed by President Biden soon after he took office in 2021.
As part of the package of aid, the child tax credit was increased from $2,000 to $3,000 for children ages 6 to 17, and from…
Tax Credits for Children: $500 Payments and $175 in Tax Credits
In New Mexico state, a child tax credit rebate has been created that is worth $175 per child.
Worker families in New Mexico will benefit financially from a bill passed by the state.
State governments are now responsible for extending the…
Low-income Americans Get a Bigger Tax Refund Thanks to ETIC
Despite the fact that a fourth stimulus check is very doubtful in the United States, millions of low-income Americans are eligible for an additional tax rebate during this year's tax season.
It's all because to the federal Earned Income Tax…
Here’s What You Can Do If Rent Rises after your Covid Deal Expired?
You might not be able to find a new apartment if you were lucky enough to get a Covid deal on your current apartment. The rise in rent prices can be attributed to the fact that people are moving back into cities for work, and that wishful…
9.5 Billion Checks Have Been Issued, With Average Payment Worth $2,201
On Friday, the IRS released statistical data that gave taxpayers a glimpse into the start of the tax season.
The IRS began accepting tax returns Jan. 24 and the average refund as of Feb. 4 was $2,201.
4.3 million returns have generated…
Parents Are Entitled to an Additional $8,000 in Child Tax Credits This Tax Season; Learn How to File…
The increased Child Tax Credit payments in 2021 have benefited millions of American families, but many parents are unaware that they can still claim at least $8,000 in the Child Tax Credit if they file their taxes before April 2022.
The…