75% Of Middle-Class Americans Can't Support Their Cost Of Living
2022-07-22 17:45 PERSONAL FINANCE Most middle-class Americans say they can't support their cost of living Three-quarters of middle-income Americans, with annual earnings of $30,000 to $100,000, say their earnings aren't enough to pay for their cost of living, according to a survey by financial services firm Primeri...
Analysis Says Federal Minimum Wage Is Lowest In 66 Years
2022-07-22 17:35 On July 14, 2022, a nonpartisan, nonprofit think tank provided recent analysis of the Consumer Price Index (CPI) that shows the federal minimum wage rate of $7.25 per hour to be at its lowest value since February 1956. FLSA minimum wage rate. The Fair Labor Standards Act (FLSA) of 1938 established,...
Stay Safe When E-filing; Get An IP PIN
2022-07-20 15:05 Tax pros urged to protect clients with IP PINs The IRS and its Security Summit partners in the tax prep industry and state tax authorities are encouraging tax professionals to inform their clients about Identity Protection Personal Information Numbers (IP PINs) to safeguard against identity theft. F...
Interest Rates Likely To Increase 0.75%
2022-07-20 09:30 ECONOMY Fed officials ready to lift rates again Federal Reserve officials have signaled they are likely to raise interest rates by 0.75 percentage point later this month, for the second straight meeting, as part of an aggressive effort to combat high inflation. Fed officials have raised interest ra...
No More Electric Vehicle Credits For Buying Toyota
2022-07-05 21:35 Toyota Motor Corp. has used up a key US tax credit for hybrid and electric vehicles, a milestone that the automaker says will raise its costs and hinder adoption of climate-friendly cars.   The company said Friday that it sold 3,876 plug-in hybrid and electric cars in June. The US allows automaker...
Tax Benefits For Those Experiencing Homelessness
2022-07-01 22:40 As of January 2020, EndHomelessness.org reports that there were over 580,000 homeless people in the United States. This includes individuals who have no housing or shelter, working taxpayers who are unable to secure housing due to costs, and those who live in shelters. If someone you know is experie...
Make Sure You Don't Owe Taxes Next Year
2022-05-19 19:00 It is a good practice for everyone to do a paycheck check-up every year. Checking your tax withholding amounts can ensure that you aren’t paying too much or too little in federal income tax.   No one likes surprises come tax time. Checking your tax withholding amounts can ensure that you aren’t pa...