Act 114 Mandates Incremental Raises Leading to $18 per Hour by 2028 In a move aimed at enhancing the financial well-being of workers, the Hawaiʻi State Department of Labor and Industrial Relations (DLIR) has announced a scheduled increase in the minimum wage. Effective January 1, 2024, the minimum wage will rise to $14 per hour, … Read more
Streamlining Your Tax Filing Experience with the IRS’s Online Services As the 2024 tax season looms on the horizon, it’s time to consider optimizing your filing process. With just over three months until the tax day deadline, creating an online IRS account can offer a convenient and efficient way to manage your tax-related information. Here’s … Read more
Changes Aimed at Easing Financial Burdens as Inflation Persists In a welcome development for American taxpayers, the IRS has announced adjustments to tax brackets for 2024, potentially allowing citizens to retain more of their hard-earned money. The changes, set to take effect in January, come as a response to rising inflation rates and are designed … Read more
Telegraph Money Breaks Down HMRC’s Requirements and Tips to Avoid Penalties As the January 31, 2024, deadline for the next self-assessment tax return approaches, Telegraph Money provides a comprehensive guide to help individuals tackle HMRC’s requirements and sidestep potential penalties. The guide covers essential information for the 2022-23 tax year, ensuring a smooth submission process. … Read more
Inflation Adjustments Could Impact Tax Brackets and Boost Returns As the year comes to a close, Texans are being reminded that their most significant payday might be just a tax filing away in 2023. Tax season, set to open in late January, offers an opportunity for individuals to file early and potentially receive refunds sooner, … Read more
Retired Educators Aged 70-74 Eligible for One-Time Payment by Year-End In a boost to retired educators in Texas, the state’s Teacher Retirement Program is set to provide a $2,400 stipend to eligible teachers. This initiative comes after Texas representatives passed a law earlier this year, increasing pension checks by 2% to 6%. According to the … Read more
The Board of City Commissioners in Shawnee, Oklahoma, has recently voted 6-1 in favour of implementing a new ordinance known as “Sit/Lie.” This ordinance is designed to address concerns about public safety within the downtown area of Shawnee, by prohibiting activities such as sleeping outside, lying down, sitting down, or placing objects in the right-of-way. … Read more
Property owners who believe they have been overassessed in Bernalillo County can explore the option of requesting a refund on their property taxes. Bernalillo County Assessor Damian Lara emphasizes the importance of property owners paying only their fair share and assures them that the assessment process aims for justice and equality. Championing Fair Assessments In … Read more
Pandemic-Related Disruptions Prompt Unprecedented Measure from the Tax Agency In a significant move, the Internal Revenue Service (IRS) has announced a waiver of $1 billion in penalties, providing relief to millions of taxpayers who struggled with back taxes for the years 2020 and 2021. The decision comes as a response to the operational challenges posed … Read more
For an entire year, approximately 100 homeless individuals in the San Francisco Bay Area and Los Angeles County, California, experienced a unique initiative—a $750 monthly stipend, provided without any questions asked. The recently released results of the first half of a comprehensive study conducted by the University of Southern California Suzanne Dworak-Peck School of Social … Read more