A new bipartisan legislation, the Credit for Caring Act, aims to provide financial relief such as tax credit caregivers where there are nearly 50 million in America who support family members. Introduced by Senators Shelley Capito and Michael Bennet, along with Representatives Mike Carey and Linda Sánchez, the act offers up to $5,000 tax credit … Read more
In the debate over Virginia’s tax policy, Governor Glenn Youngkin’s proposal to cut income taxes while raising sales taxes has sparked varied opinions. Some argue for cutting income taxes to spur economic growth, while others advocate for taxing the rich to fund essential services like education. The discussion among readers reflects a diverse range of … Read more
Although filing taxes early may not sound enjoyable, it’s a wise financial and mental decision. Obtaining your W-2 form from your company at the end of January is essential to getting off to a good start, according to tax expert Michael Herzog. The income you made last year is displayed on this form. Your refund … Read more
As tax season looms, homeowners across the United States are gearing up to uncover the often overlooked opportunities to boost their refunds through various homeowner tax benefits. Despite the hefty costs associated with owning a home in today’s market, there’s a silver lining in the form of tax credits and deductions that can significantly impact … Read more
Ford Motor Co. announces a substantial profit-sharing bonus averaging $10,400 for its hourly Ford UAW Members in the U.S. for the year 2023, according to The Detroit News. This marks a change in the profit-sharing formula, negotiated during last year’s contract talks with the United Auto Workers. The new formula takes into account the company’s … Read more
According to The Center Square, California lawmakers have reignited discussions on a proposal to implement universal healthcare while banning private healthcare, a move that could reshape the state’s healthcare landscape. The California healthcare proposal, reintroduced by Assembly member Ash Kalra, aims to establish a single-payer system but faces challenges in terms of funding and potential … Read more
Virginia residents, get ready to check your eligibility for tax rebates up to $400! Governor Glenn Youngkin has announced that distribution of rebate checks will start this week in the state. Alongside this exciting news, a new website has been launched to help taxpayers in Virginia confirm if they qualify for these rebates. Starting Wednesday, … Read more
In 2024, the EV Tax Credit offers a big discount for electric car buyers, but the list of eligible cars is small. This is because the rules for qualification got stricter, focusing on where battery materials are sourced and where the batteries are made. However, experts believe the list will grow over time as automakers … Read more
Governor Glenn Youngkin of Virginia announces the rollout of Virginia $400 tax rebate checks this week, alongside the launch of an online tool to aid taxpayers in assessing their eligibility for refunds, with potential amounts reaching $400, Sky 21 reported. Online Tool Simplifies Virginia $400 Tax Rebate Eligibility Governor Youngkin unveils a new website designed … Read more
The New York City (NYC) comptroller initiates legal action against residential developer BLDG 44, alleging over $40 million in unpaid wages and penalties linked to labor regulations under the now-defunct 421a property tax incentive for new housing construction, according to Marcum. NYC Comptroller Response on Alleged Wage Violations Spark Legal Battle The Bureau of Labor … Read more