Income Tax

Recognizing the mounting demands on working families, the House of Representatives celebrated a historic victory by passing an increased child care tax credit.  This legislative victory represents an important step in recognizing and…

The Working Families Tax Cut Act, presented by Representatives Nicole Malliotakis and Michelle Steel, would enhance the standard deduction, increasing the amount of income that is fixedly excluded from taxes.  Although it might not seem…

Financially disadvantaged Americans may no longer receive federal stimulus check. However, several states continue to give their citizens compensation to help them deal with the high expense of living. June 2023 Check Amounts and…

In the month of June, the Social Security Administration (SSA) is diligently working to disburse benefits to various groups of individuals, including retired workers, Supplemental Security Income (SSI) recipients, as well as those receiving…

According to current estimates, Social Security’s cost-of-living adjustment for seniors will probably be less than two-thirds of what they received in 2023 because inflation is still expected to be low next year. Based on inflation data…

Sen. Joni Ernst of Iowa, a Republican, will introduce legislation on Tuesday that would forbid the Internal Revenue Service from arming its employees with taxpayer funds. The ‘Why Does the IRS Have Guns Act’ forbids the IRS from…

A bill that would limit SNAP payments to only cover food that supports the health of SNAP participants and takes into account nutrition science, public health issues, and cultural eating patterns was presented in Congress by Representative…

One of the largest raises in years is being given to retirees. The increase in Social Security benefits in 2023 was 8.7%, the largest since 1981. The amount of the upcoming Social Security cost-of-living adjustment (COLA) cannot yet be…