Author: Juliet
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Student Debt Forgiveness Tax Reinstates January 1: $20,000 Relief Ends
Student Debt Forgiveness Tax Reinstates January 1: $20,000 Relief Ends Effective January 1, 2024, the federal government has reinstated the taxability of student debt forgiveness under the current income-driven repayment (IDR) programs,…
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SALT Relief Expansion: Cap Increase from $10,000 to $40,000 May Save You Over $2,000
Expanded SALT Deduction Cap Could Save Taxpayers Over $2,000 Taxpayers who itemize deductions may soon benefit from a significant increase in the SALT (State and Local Tax) deduction cap, potentially saving thousands…
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Tax ‘No Tips’ Rule Enforces $25,000 Annual Cap Through 2028
Tax ‘No Tips’ Rule Enforces $25,000 Annual Cap Through 2028 A recent regulatory update has established a significant limit on the amount of tips that can be considered tax-exempt for employees in…
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Will Your $47 Pregnancy Benefit Continue During the State-by-State WIC Shutdown?
Uncertainty Looms Over $47 Pregnancy Benefits Amid State-Wide WIC Program Disruptions Pregnant individuals across the United States are facing a potential upheaval in access to vital nutritional assistance as some state governments…
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Medicaid at Risk: CBO Warns Millions Could Lose Coverage Over Potential $1,000 Emergency Room Bills
Medicaid Faces Potential Threat as CBO Warns of Millions at Risk of Losing Coverage Due to $1,000 Emergency Room Bills Recent analysis from the Congressional Budget Office (CBO) indicates that changes in…
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Shaky Safety Net: Bill Cuts $185 Billion from Food Assistance—Impact on Your $546 Two-Person SNAP Benefits
Shaky Safety Net: Bill Cuts $185 Billion from Food Assistance—Impact on Your $546 Two-Person SNAP Benefits A recent legislative move is reshaping the landscape of food assistance programs across the United States,…
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IRS Announces $22,500 Standard Deduction for Heads of Household in 2025, Up $600
IRS Raises Standard Deduction for Heads of Household to $22,500 in 2025, Marking a $600 Increase The Internal Revenue Service (IRS) has announced that the standard deduction for heads of household taxpayers…
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WaPo Model Shows Trump Tax Cut May Not Be the Largest, but Families Could Still Save Up to $2,200 Per Child
New Washington Post Model Indicates Trump Tax Cuts Might Not Be the Largest, but Families Could Still Save Up to $2,200 Per Child A recent analysis by The Washington Post has shed…
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D.C. Halts $2 Tipped-Wage Increase, Potentially Costing Servers $4,160 Annually Compared to Original Plan
D.C. Reverses Tipped-Wage Increase, Potentially Costing Servers Thousands Annually The District of Columbia has decided to halt a planned increase to its tipped minimum wage, a move that could result in servers…
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Six Days Into Shutdown, Federal Workers Face No Pay as $8 Billion WIC Program Faces Cuts
Six Days Into Government Shutdown, Federal Workers Struggle Without Pay as $8 Billion WIC Program Faces Cuts As the federal government remains shuttered for a sixth consecutive day, thousands of federal employees…
Recent Posts
- Restaurant Closures Increase as D.C. Venue Cites $60,000 Annual Wage Cost—What’s Next for Prices?
- SNAP Benefit for Four People Sets at $994; Meal Plan Offers Protection Against EBT Disruptions
- Teachers Could Lose Over $10,000 Due to PSLF Limits—Monitor Your 120 Payments Today
- Five-Trillion Dollar Borrowing Limit Increase Approved and Its Potential Impact on Your 401(k)
- Tax Season Update: No Tax Exemption on Tips Proposed—Estimate Your Potential $1,300 Increase