TIt’s a big weekend in the US for Americans’ finances, given that the 2022 tax deadline is coming up on April 18. As such, many Americans will be sending in their tax papers this coming weekend, and there are several important tips to stick to. Mind, which we will continue This blog is live on Friday, April 15th.
For those who have not yet claimed The third stimulus check for $1,400There is still plenty of time to do that. Even if you’ve already got all three stimulus checks, you can still save money in other ways when you file your tax return and we’ll explain how.
So, stay tuned for our website Live blog on Friday 15th April As we review all the updates on Latest financial news and benefits programs in the USAplus updated tax advice before the April 18 tax deadline.
More scholarship opportunities by race, ethnicity, and gender diversity
The Social Security Administration just released yesterday that it will now launch a so-called “equity action plan” that aims to collect information on race and ethnicity, as well as gender diversity to help them get access to a Social Security card.
According to Social Security Commissioner Kilolo Kigakazi, “Systematic barriers may prevent access to the people who need our programs most.”
The new plan states that there will be more support for “equitable access” to government grants to universities and “small and disadvantaged businesses,” which also includes women-owned businesses in select regions.
Elon Musk may look for partners to take full control of Twitter
As you may remember, the billionaire sparked Twitter’s free speech policies by creating an in-platform poll, then said he was considering creating his own social media platform shortly before making an offer to buy Twitter posts.
He is now looking for others like Silver Lake Partners who could join him in the full acquisition of the social media giant, and is offering to buy Twitter for $54.20 a share, currently the stock price is $45.80. Negotiations are still brewing.
Are Banks Closed On Good Friday Holidays?
Most banks will be open, due to the fact that Good Friday is not a federal holiday, plus the Nasdaq, New York Stock Exchange and other stock exchanges will not be trading with the stock market closed on this day.
However, not all banks will be open as usual, with many leaving the decision to close at individual locations, so if you have important work to do on Good Friday, check the opening hours of your favorite branch.
First Citizen Bank
PNC . Bank
Do you have doubts before tax day?
If you have specific questions, do not doubt reach out to The IRS website for a question-and-answer session.
Students can forgo their loans
The US government has allocated five billion dollars to pay off student loans outstanding while they are studying. The Department of Education said it would cancel $2 billion in student loans weeks after the announcement.
About 22,000 student loan borrowers were initially receiving loan forgiveness. However, federal government data shows that more than 60,000 students have received student loan forgiveness.
Read more About student loan forgiveness.
Low Mortgage Rate
Today saw the average daily fixed mortgage rate (30 years) drop to less than six percent. The previous four days in a row saw a rate higher than that, but things are starting to change.
A 30-year fixed rate mortgage is the mortgage that most homeowners choose because it means the monthly rate will be lower than it means over such a long period of time.
Changes to 401k and how they affect you
There are some changes coming, as older workers between the ages of 62 and 64 are now allowed to increase their compensatory contributions to about $10,000 annually, an increase from $6,500.
Therefore, employers can treat student loan payments as optional deferments to a retirement account, and make a matching 401k contribution.
Could you Read more here about 401k plans and the changes taking effect.
When will you get your tax refund?
Filing your taxes isn’t exciting, but receiving a tax refund is. With the April 18 filing deadline approaching, that means millions of Americans can expect tax refunds in the coming weeks.
However, it’s important to note that there are more delays than usual this year when it comes to tax refunds. Some take longer than the usual 21 days, so keep that in mind. And if possible, try to set up direct debit so you can get paid faster than you would with a paper check in the post.
How to get a tax refund that is greater than average
Since we’re in the middle of tax seasons, it’s the time of year when millions of Americans receive their tax refunds. Some people take pleasure in receiving a larger tax refund than they expected.
This is because you may be eligible for a larger tax refund than ever before if you request a temporary tax credit expansion. With the expanded benefits as a result of the US bailout, there could be larger refunds for many people.
Could you Read more here about who will get a larger-than-average tax refund in April.
Last chance to claim a $1,400 stimulus check
While there won’t be a fourth stimulus check, a third stimulus check is still available for a few more days for those who haven’t claimed it before.
If you haven’t received this money yet, you can do so when you file your 2021 tax return. Keep in mind that it’s due by April 18.
How much are unemployment benefits in your state?
One of the most widely used benefit programs in the United States is unemployment benefits, but the amounts vary from state to state.
The difference between the highest and lowest state in terms of unemployment benefits payments, Massachusetts and Mississippi respectively, is an incredible $588.
Could you Read more here to see the full list of unemployment benefits payments in each state.
Tax deadline is April 18th
The tax filing deadline for tax year 2021 is approaching, but not on the usual date. The tax deadline this year is April 18, which is a Monday.
This is because the normal date is a holiday due to the Easter holiday, so the deadline has been pushed back a bit.
Could you Read more here about why this year’s tax deadline is set for April 18.