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New Bill Provides Overtime Relief: Up to $12,500 Shielded from Taxes—What Portion of Your Overtime Could Be Tax-Free?

A new legislative proposal has emerged that promises significant overtime relief for American workers by allowing a portion of their overtime earnings to be shielded from federal taxes. Under this proposed bill, individuals who earn overtime pay could see up to $12,500 exempt from taxation, offering much-needed financial relief amidst rising living costs. As the...
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Student Debt Amnesty Deadline Approaches: Tax on Forgiven Balances Resumes January 1, Ending $20,000 Relief.

The deadline for student debt amnesty is fast approaching, as borrowers face the impending resumption of taxes on forgiven balances starting January 1, 2024. This change will effectively end the $20,000 relief that many borrowers were counting on. Since the introduction of the COVID-19 pandemic, federal student loan payments have been paused, and interest rates...
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Government Shutdown Threatens $785 Monthly SNAP for Three-Person Households—Will $994 Benefits for Families of Four Be Affected?

The looming threat of a government shutdown has raised serious concerns about the future of the Supplemental Nutrition Assistance Program (SNAP) benefits for millions of American families. A temporary lapse in federal funding could disrupt the monthly assistance of $785 for three-person households, leaving many struggling to afford basic necessities. As discussions continue in Washington...
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