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Tax Season Update: No Proposed Tax Exemption on Tips—Estimate Your Potential $1,300 Increase

DavidOctober 10, 2025

Taxpayers looking to boost their income through gratuities received during the upcoming tax season should prepare for some notable changes. The Internal Revenue Service (IRS) has confirmed that there will be no proposed tax exemption on tips this year, meaning all tip income remains fully taxable under federal law. While many workers in hospitality, food...

Five Trillion Dollar Borrowing Cap Increase Approved and Its Potential Impact on Your 401(k)

DavidOctober 10, 2025

In a significant move, Congress has approved an increase to the federal borrowing limit by five trillion dollars, allowing the U.S. government to issue more debt and continue funding its operations through the upcoming fiscal period. This decision aims to prevent a potential default on government obligations amid ongoing debates over debt management and fiscal...

Potential $10,000+ Loss for Teachers Due to PSLF Limits—Monitor Your 120 Payments Today

DavidOctober 10, 2025

Teachers who have relied on the Public Service Loan Forgiveness (PSLF) program to clear their student debt may face an unexpected financial setback, potentially exceeding $10,000. Recent changes to PSLF rules and the complex nature of tracking qualifying payments mean that educators need to vigilantly monitor their progress now. Missing even a single qualifying payment...

SNAP Benefit for Four People is $994: Meal Plan Protects Funds Against EBT Disruptions

DavidOctober 10, 2025

Recent data indicates that a typical SNAP (Supplemental Nutrition Assistance Program) benefit for a household of four averages approximately $994 per month, reflecting recent adjustments to federal assistance allocations. This amount is designed to help low-income families meet their nutritional needs amid rising food prices and economic uncertainties. However, recent disruptions to Electronic Benefit Transfer...

Restaurant Closures Increase as D.C. Eatery Blames New Wage Laws for $60,000 Annual Cost Surge—What’s Next for Prices?

DavidOctober 10, 2025

Restaurant closures are increasingly becoming a concern for the District of Columbia’s vibrant dining scene, with several establishments citing soaring operational costs tied to new minimum wage laws. A prominent case involves a popular D.C. eatery declaring that their annual expenses have surged by approximately $60,000, primarily due to mandated wage increases. This financial strain...

D.C. Minimum Wage Rises to $17.95, Increasing Earnings by $0.45 per Hour or $936 Annually

Florida Minimum Wage Increase Could Boost Full-Time Workers’ Annual Earnings by $2,080

Social Security Increase Ahead: Average $54 Monthly Boost Expected if 2026 COLA Reaches 2.7%

Potential $10,000+ Loss for Teachers Due to PSLF Limits—Monitor Your 120 Payments Today

Government Shutdown Threatens $785 Monthly SNAP Benefits for Three-Person Households—Is Your $994 Family of Four Next?

Tax Season Update: No Proposed Tax Exemption on Tips—Estimate Your Potential $1,300 Increase

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Tax Season Update: No Proposed Tax Exemption on Tips—Estimate Your Potential $1,300 Increase

Five Trillion Dollar Borrowing Cap Increase Approved and Its Potential Impact on Your 401(k)

Potential $10,000+ Loss for Teachers Due to PSLF Limits—Monitor Your 120 Payments Today

SNAP Benefit for Four People is $994: Meal Plan Protects Funds Against EBT Disruptions

Restaurant Closures Increase as D.C. Eatery Blames New Wage Laws for $60,000 Annual Cost Surge—What’s Next for Prices?

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Government Shutdown Threatens $785 Monthly SNAP Benefits for Three-Person Households—Is Your $994 Family of Four Next?

WIC Alert: Mothers May Lose $26 to $78 Monthly in Fruit and Vegetable Benefits Within Two Weeks of Shutdown

D.C. Minimum Wage Rises to $17.95, Increasing Earnings by $0.45 per Hour or $936 Annually

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