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Eligibility Criteria and Complete Payment Schedule for Universal $400 Stimulus Payment
The recent announcement of a universal $400 stimulus payment aims to provide financial relief to millions of Americans grappling with the economic impacts of inflation and other financial pressures. This initiative, which…
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New Law Increases Standard Deduction for Married Couples Filing Jointly to $31,500.
In a significant shift for tax policy, a new law has been enacted that raises the standard deduction for married couples filing jointly to $31,500. This increase, which takes effect for the…
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Financial Vortex Leaves 42% of Younger Workers with No Savings for Retirement
As economic pressures mount and workforce dynamics shift, a staggering 42% of younger workers find themselves without any savings earmarked for retirement, according to a recent study by the Employee Benefit Research…
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Finding the Ideal Side Hustle: No 1099-K Form Required Unless Payments Exceed $20,000.
With the rise of the gig economy, many individuals are exploring side hustles to supplement their income. However, a common concern among new entrepreneurs is the tax implications of these additional earnings.…
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Inflation Rises to 3.1% in Core CPI, Undermining $49 Social Security Increase for Consumers.
The latest report from the Bureau of Labor Statistics revealed that the core Consumer Price Index (CPI) has increased to 3.1%, a figure that poses significant challenges for consumers, particularly for those…
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Economists Clash Over Trump’s $17 Trillion Global Investment Claims.
In a contentious debate that reflects deep divisions among economists, claims made by former President Donald Trump regarding a $17 trillion global investment have sparked intense scrutiny. Trump asserted that his policies…
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