In a major shift that’s turning heads on Wall Street, Federal Reserve Governor Michelle Bowman—long known for her cautious stance—said Monday she’s open to cutting interest rates as soon as next month. Her unexpected pivot adds fuel to a growing debate inside the Fed, just as signs of a slowing economy begin to surface. Speaking…
Millions of Americans will see bigger checks in 2025 as the government rolls out significant increases in payments for Social Security Income (SSI), Social Security Disability Insurance (SSDI), and Veterans Affairs (VA) benefits. These increases are meant to help struggling families and individuals who rely on federal assistance, especially in the face of rising living…
A lot of buzz has been circulating about a massive $5,180 monthly Social Security payment. If you’ve heard the news and are wondering if you’re eligible, here’s a breakdown of what’s true, who qualifies, and how it works. In 2025, the Social Security Administration (SSA) increased the maximum benefit to $5,180 per month—but this isn’t…
Starting in January 2025, Social Security beneficiaries will receive a welcome boost in their monthly payments, thanks to a 2.5% Cost-of-Living Adjustment (COLA). On average, this will add an extra $50 to recipients’ checks each month. The adjustment is designed to help individuals keep up with inflation and rising costs of living, particularly in essential…
Dallas residents, don’t let today’s clear skies fool you! This morning starts with areas of freezing fog and a chilly 42°F (5°C), with the high only reaching 49°F (10°C). Expect intervals of clouds and sun throughout the day, and brace for freezing conditions as temperatures drop to 30°F (-1°C) tonight. Here’s what to expect in…
During his seventh budget address last Tuesday, New Jersey Governor Budget Phil Murphy delivered a statement of priorities that are part of the $55.9 billion state spending plan he proposed for the State’s 2025 fiscal year. The first two takeaways of New Jersey Governor’s $55.9B Spending Proposal New Jersey Governor Budget- The New Jersey Governor…
If your employer is outside the state where you are living, there may be tax consequences, and that could be facing double taxation. Double Taxation: Convenience of the Employer Rule You could face double taxation if your company is outside the state where you worked in 2023. Being a hybrid worker might also mean…
An expensive 5-day trip to Miami was financed by the Economic Equity Program under the Democratic Mayor’s administration. Washington D.C Mayor Muriel Bowser distributed thousands of dollars to low-income Moms: A low-income mother received financial support as part of an “equitable economic recovery strategy” aimed at addressing the high cost of childcare. In…
Opted for the old tax regime? NPS to Bank FD. Effective income tax savings can be accomplished by strategically utilizing various avenues, provided they are planned accurately. Income Tax Saving Investments for taxpayers If you intend to make Income Tax Saving investments, it’s vital to first determine the required investment amount. Taxpayers wanting to have…
Tax season started on 29 January 2024, and many taxpayers must have already received their tax refunds. Taxpayers who have children and claim the Additional Child Tax Credits (ACTC) may not have received their tax refund as the IRS cannot process their tax refund till mid-February due to the PATH federal law. Today or…