Author: Daniela

As the U.S. Department of Agriculture (USDA) considers a suspension of the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC), millions of breastfeeding parents could face a financial shortfall of up to $52 per month. This potential cut would impact families who rely on WIC benefits for essential food items, particularly those who…

As the tax season approaches, last-minute filers are urged to familiarize themselves with significant updates regarding the 2025 W-2 forms. These changes aim to streamline the filing process and minimize common errors that can lead to costly mistakes. The Internal Revenue Service (IRS) has implemented specific modifications to the form’s boxes and codes, responding to…

Families participating in the Women, Infants, and Children (WIC) program can now take advantage of enhanced benefits aimed at improving nutrition for both children and breastfeeding mothers. Starting this month, eligible households can receive up to $26 per month for fruits and vegetables for children and $52 for breastfeeding mothers. These changes are part of…

As the clock ticks down to the new year, borrowers in the United States are grappling with the implications of a resuming tax on forgiven student loan balances. Starting January 1, 2024, the tax relief that has temporarily shielded borrowers from tax liabilities on their forgiven student debt will come to an end. This change…

Families of five are set to receive increased financial support through the Supplemental Nutrition Assistance Program (SNAP) as the maximum benefit amount rises to $1,183 following the recent Cost of Living Adjustment (COLA). This increase aims to better reflect the rising cost of living, particularly in food prices, which have been significantly impacted by inflation…

The District of Columbia’s recent decision to delay the implementation of a proposed $2 increase in the tipped minimum wage has raised concerns among restaurant workers. Originally slated to raise the tipped minimum wage from $5.35 to $7.35 per hour, the new plan now risks reducing annual earnings for servers by approximately $4,160 compared to…

The IRS has announced a significant update for married couples filing jointly in the 2025 tax year, introducing a new deduction of $30,000. This change is expected to provide substantial savings for many American taxpayers, particularly those in the 11% marginal tax bracket. For these filers, the new deduction translates to approximately $3,300 in savings,…

In a significant policy shift, tipped workers across the United States are advocating for a $25,000 tax-free income threshold, a measure that could provide essential financial relief for individuals dependent on gratuities. However, this push comes with potential unintended consequences, particularly concerning the Earned Income Tax Credit (EITC). Many workers face the risk of losing…

As the federal government enters its sixth day of shutdown, the impact is becoming increasingly dire for federal workers and vulnerable families relying on essential programs. Many federal employees are facing their first paychecks with a $0 balance, as the shutdown continues without a resolution in sight. This situation is compounded by the dwindling funds…

In a significant policy shift, the federal government has announced a new cap on federal student loans for aspiring doctors and lawyers, establishing a maximum of $50,000 annually with a lifetime limit of $200,000 by 2026. This decision aims to tackle the rising student debt crisis while ensuring that future healthcare and legal professionals can…