According to a report from the Government Accountability Office, there is a drastic difference between the amount of money the federal government said student loan programs would generate, and the amount of money it costs taxpayers.… Continue reading
News & Articles
Massachusetts Passes Bill to Legalize Sports Betting in the State
Another state joins the sports betting craze, this time it’s Massachusetts. Lawmakers in the state passed a bill that will now allow online legal sports betting. The bill will now go to the desk of Republican Gov. Charlie Baker, who … Continue reading
Shakira’s Hips Don’t Lie, But Her Tax Forms Do.
World famous Columbian pop singer, Shakira, could be facing up to 8 years in Spanish prison for tax fraud. Shakira, who is legally known as Shakira Isabel Mebarak Ripoll, is facing 6 charges for allegedly failing to pay the … Continue reading
Senate reaches a deal regarding EV tax credits sought by Tesla, Toyota
A bid deal between senators Chuck Schumer and Joe Manchin includes a very popular consumer tax credit extension regarding the purchase of electric vehicles. This is a massive benefit to EV giants like General Motors, Tesla, and Toyota. This credit … Continue reading
Small Business Firms May Be Eligible to Receive a $25,000 Tax Credit for Covid Costs
During the pandemic in 2021, many businesses had to make some unexpected purchases to help slow the spread of COVID-19 within their company. These purchases included things like masks cleaning supplies, and outdoor seating, among other expenses aimed at reducing … Continue reading
Biden May Extend Student Loan Pause into 2023, Among Other Relief
As it stands, the pause on federal student loan payments is set to expire on August 31st, but it seems as though the Commander in Chief is heavily considering extending that pause until 2023. Following the CARES act … Continue reading
Inflation Reduction Act – Basic Breakdown:
After months of sparring through negotiations, Joe Manchin agreed to back a package aimed at lowering carbon emissions and curbing healthcare costs, while raising taxes. This marks a revival of Biden’s economic and climate agenda that was seemingly killed earlier … Continue reading
Diapers Now Exempt from Local Sales Tax in NYS – Baby Formula Relief
With the recent surges in inflation, families with babies or older relatives might be struggling to afford the necessities needed. A new law passed by Gov. Hochul just made that a lot easier by taking away any local taxes … Continue reading
Converting to a Roth IRA Can Provide a Big Tax Win
With the recent decline in the stock market, some investors may have experienced a substantial loss of value. When this happens, it is important to assess the damage and make a smart move. Some investors are already making one of … Continue reading
State Senates drop a “Bongshell” – Tax Related Cannabis Bill
Last week, Democrat State Senators introduced a bill related to the legalization of marijuana. Senators motioned to remove cannabis from the federal government’s list of controlled substances. This would ultimately give states the power to make their own laws regarding … Continue reading