American News

2023 tax refund: what are the tax changes if you're expecting a refund?

2023 tax refund: what are the tax changes if you’re expecting a refund?

YesYou will be able to submit your federal income tax return in a few weeks. Even if you hate tax season, it’s the perfect time to plan ahead so that the filing process goes as smoothly as possible. Reviewing this year’s major tax changes that will likely affect the amount of your tax refund is …

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Estimated tax payments: deadlines and who should pay the taxes?

Estimated tax payments: deadlines and who should pay the taxes?

Estimated taxes means that you will pay as you go if you earn or receive money throughout the year that is not subject to federal withholding taxes, such as income from secondary activities or income from a rental property. A quarterly payment called provisional tax is made according to your income for the quarter. Basically, …

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401(k) Plan 2023: How to use catch-up contributions to increase your savings

401(k) Plan 2023: How to use catch-up contributions to increase your savings

Yesou are able to increase your 401(k) plan contributions once you turn 50. The tax deduction to which you are entitled for your catch-up contributions may lead to a $1,000 annual reduction in the tax bill. Here’s how to benefit from catch-up contributions to your 401(k): The 2023 cap on 401(k) catch-up contributions In 2023, …

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Direct Payment: What are payments up to $1,400 before Thanksgiving?

Direct Payment: What are payments up to $1,400 before Thanksgiving?

Ssome states have provided their citizens financial respite that inflation has hurt the wallets of millions of Americans. While some jurisdictions offer rebates, others provide Universal Basic Income, which is paid on a recurring basis rather than once. In response, other states have taken the decision to expand their own variants of the child tax …

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FICO Score Boost: What is a good credit score and who will benefit?

FICO Score Boost: What is a good credit score and who will benefit?

JThe Federal Housing Finance Agency has announced that it will begin asking mortgage lenders in United States to include VantageScore credit scores when evaluating potential borrowers. This means millions of Americans could benefit from this change in lender credit scoring models, as lenders will incorporate a new version of the FICO score for the first …

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Energy Program: Who can get a check for up to $15,000 to buy new appliances?

Energy Program: Who can get a check for up to $15,000 to buy new appliances?

Jhere is a lot Americans who receive up to $15,000 to purchase appliances in their homes under a new energy program. Costs for this resource skyrocket, especially during winter in many areas where snow will be a common aspect of life. This assistance takes the form of discounts it will help people save a lot …

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