In a significant move, Colorado legislators have greenlit $1 billion in new tax breaks during the latest session, potentially halting refunds under the Taxpayer’s Bill of Rights (TABOR). The slew of 26 new tax credits targets specific groups, ranging from parents and elderly homeowners to freight rail operators and filmmakers. This shift redirects funds away … Read more
HMRC, the UK’s tax authority, recently addressed concerns regarding changes in tax codes and their implications for state pension payments, prompted by inquiries from pensioners. The issue arose when a pensioner, upon becoming eligible for their state pension, noticed a modification in their tax code and expressed apprehension about how this adjustment might affect their … Read more
Georgia’s New Laws 2024: Hemp Regulation, Cash Bail, and Rental Property Standards Impact of Georgia’s New Laws: Hemp Sales, Cash Bail, and Rental Property Standards On July 1 Georgia enacted a series of new laws that introduce stricter regulations on hemp product sales establish basic standards for rental properties and implement income tax cuts, according … Read more
Student Loan Repayment Uncertainty: Biden’s SAVE Plan Faces Judicial Challenges Legal Battles Over Student Loan Reform: Biden’s SAVE Plan and Its Impact Amid legal battles and administrative changes millions of student loan borrowers across the United States face uncertainty as President Biden’s student loan repayment plan known as SAVE (Saving on a Valuable Education) encounters … Read more
July Class-Action Lawsuits: File for Compensation Before Deadlines Class-Action Lawsuits Approaching July Deadlines: Check Your Eligibility Now As July approaches several class-action lawsuits are nearing their filing deadlines potentially offering compensation to affected consumers, according to the published article of FINANCEBUZZ. Among these is a notable case against Star Tribune Media Company LLC where the … Read more
Illinois Minimum Wage Increase 2024: Workers in Chicago and Cook County to Earn $16.20 per Hour Gas Tax Hike in Illinois: What You Need to Know as Rates Increase to $0.47 per Gallon As Illinois crosses the midway point of the year a series of new laws are set to go into effect on July … Read more
Good News for Households: Energy Prices Drop by 7%! Energy Bills Reduced: What You Need to Know to Save Money According to Independent, Good news for households! The price of energy has plummeted by 7%, resulting in a significant reduction in the average household energy bill, now standing at £1,568 – a £122 decrease from … Read more
New Rules for Cryptocurrency Taxation: A Game-Changer for Honest Reporting Transparency in Crypto: How the New Regulations Will Help Crack Down on Tax Evasion According to PCMAg, The US government has created new rules to make sure people pay the right amount of taxes on their cryptocurrency earnings. This is a big deal because before, … Read more
California Makes History with $12 Million Reparations Budget Racial Injustice: California Takes a Step Towards Justice with Landmark Reparations Effort According to Blackenterprise, California is trying to make things right for people who were treated unfairly because of the color of their skin. The state is giving $12 million to help make this happen. This … Read more
IRS Warns Marijuana Users: Don’t Try to Get a Refund Just Yet Biden’s Plan to Declassify Marijuana Won’t Trigger Instant Tax Refunds, Agency Says According to Washingtontimes, Some Americans who use marijuana are trying to get a refund from the IRS because they think President Biden’s plan to make marijuana less dangerous is already in … Read more