American Families Struggling Again After Just 2 Months Without Child Tax Credit Payments

The US families haven’t received Child Tax Credit for two months. The government ended the program after issuing the six installments in December last year. The low and middle-income families face financial struggle again as they wrestle with the high prices. The Child Tax Credit payments offered a financial cushion to the families and helped … Read more

Social Security Recipients Will Receive Enhanced SSA Benefits in 2022

The average SSI amount has increased by $34 this year; the new amount is $621 per month. The Social Security beneficiaries will receive $7,452 per year. The maximum Supplemental Security Income (SSI) is $841 per month and $10,092 in a year. The eligible individuals, including disabled children and adults, will have income below the threshold … Read more

Mortgage Rates Hit 4% sooner Than Economists Predicted: Check Updates

The recent rise in mortgage rates has affected the market badly. The 30-year fixed home loan has reached 3.92% this week. The figures have increased from 3.69% last week: the market has witnessed the highest rates in the previous three years. The inflation rise is the prime factor behind sky-high mortgage rates; the homebuyers are … Read more

3.7 Million Kids Fall Below The Poverty Level After The Child Tax Credit Ends

The cessation of Child Tax Credit payments has had detrimental effects on individuals’ livelihood. The study shows that 3.7 million children have fallen back into poverty this year. The families haven’t received the Child Tax Credit for two months now; the credit expired in December last year. NPR reports that the child poverty rate in … Read more

Low-Income Americans Rejoice – More Tax Return And Social Security Reprieve

Individuals Working In The Public Sector Will Enjoy Student Loan Forgiveness

There is some more good news this tax season. According to an online report by CNBC, certain US borrowers will get an extended reprieve. The report makes it clear that such borrowers have received a postponement or reprieve during this continued COVID-19 pandemic. All of this is made possible, according to the report, due to a pause … Read more

New York Artists Will Receive $1,000 Per Month Under The New Guaranteed Income Program

Thousands of artists in New York will receive $1,000 per month for creating artworks. The state will issue the monthly benefits under the Creative Rebuild New York; this scheme will allow the artists to showcase their attractive skills and earn decent profits.  Yahoo Money reports that artists with financial needs will be eligible for this monthly … Read more

Many Parents Started New Businesses With Child Tax Credit, Reports Say

Many US parents raised their bar and launched a new business with the help of Child Tax Credit. The pandemic affected job loss among millions of parents; the government introduced CTC payments to provide fundamental monetary support to low-income families. Many struggling parents fought their financial struggle and used the relief benefits to materialize their … Read more

IRS Has Issued $9.5 Billion In Refunds At Present: Check Recent Updates

IRS released the tax refund figures till February 4; beneficiaries received refunds worth $9.5 billion. The average amount per individual was $2,201. IRS had processed more than 4.3 million payments till February 4. The last date for filing the returns is April 18. IRS will issue tax refunds based on the tax return information. Yahoo … Read more

Crypto Investment An Unpopular Choice Among Investment Advisors: Know The Reasons

The cryptocurrency investment is not the preferred option for around 68% of the fund selectors. The prime reason is the lack of transparency and significant security threats present in the network; the fund selectors advise customers about the investment schemes and help them find the best fit. CNBC reports that nearly 2 out 3 fund … Read more