Government Rebates and Payments

2017 and 2018 Trump Economic Stimulus, Tax Breaks and Credits for Individuals, Corporations and Investors

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With Donald J. Trump now in line to be America’s 45th president (still feels surreal to write that) many are now asking if can bring around the economic change he has promised while on the campaign trail. A lot of people voted for him as a change agent and from an economic point of view are […]

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Will ObamaCare be Repealed and Replaced in 2017 under a Trump Presidency?

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With Trump’s surprising win in the US presidential election and the Republicans retaining control of the House and Senate, it looks like ObamaCare’s viability is at serious risk. ObamaCare, officially known as the Affordable Care Act (ACA), has been long maligned by Trump and Republicans and the promise was that it would be repealed on day […]

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2017 Cost of Living Adjustment (COLA) Increase of 0.3% confirmed

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[2017 COLA Confirmed] Despite fears that there would not be a Cost of Living Adjustment (COLA) increase in 2017, the Social Security Administration (SSA) announced that benefits will in fact increase by 0.3% in January 2017. Over 65 million Americans who receive Social Security benefits or Supplemental Security Income payments will benefit from this increase. This is following a year […]

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2017 Military Pay Charts Reflecting Latest Raise – Updated Monthly Basic Pay Tables

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[2017 update] Armed serviced members in 2017 will at minimum see a 2.1 percent increase in base pay following broad Congressional approval of the Defense Authorization bill. Both the House and Senate passed the bill that will be approved by the President. The 2017 raise is 0.5% higher than the original 1.6% approved by the House earlier in the […]

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2017 Pay Raise Approved for Federal Employees on GS Pay Scale

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[Updated Dec. 2016] – In a surprising move President Obama has reversed his previous August 2016 pay rise proposal of 1.6%, made up of a 1% across the board plus 0.6% locality pay adjustment (see prior update below). In his latest executive order he is proposing a “revised” alternative 2017 total pay raise of 2.1%. This is still […]

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Maximum Weeks of State Unemployment Insurance Benefits Available

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Great graphic from the CBPP on unemployment insurance benefit duration (in weeks) by state. Unemployment insurance (UI) benefits are state administered and generally most workers are eligible for up to 26 weeks. Two states that provide more than this – Montana (28 weeks) and Massachusetts (30 weeks). However there are 8 states that provide fewer […]

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Obamacare ACA Maximum 2015 Penalty To Top $12,000 For Higher Income Earners

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For the 2015 tax year, the Obamacare or Affordable Care Act (ACA) shared responsibility is set to double from a maximum $975 per household in 2014 to approximately $12,850 per household. This is based on the percentage of income criteria, versus the flat tax/penalty amount outlined below. To avoid being subject to this penalty individuals […]

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Expanding the Earned Income Tax Credit in 2016

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See this article for 2015 and 2016 Earned Income Tax Credit figures released by the IRS [Updated following SOTU speech] Following President Obama’s state of the union speech and in addition to the items below, he had some good news on expanding the Earned Income Tax Credit (EITC)  for 2016, which actually partisan support. The […]

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A $2000 Paycheck Credit Bonus in 2015 and Other Middle Class Tax Breaks

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In a push to reengage their voting base Democrats have proposed a $2000 paycheck credit bonus as part of a wide ranging middle-class tax credits proposal. The paycheck credit proposal, architected by House Rep. Chris Van Hollen (D-Md.), would only be available to middle class Americans, which are defined as couples earning less than $200,000 […]

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2016 and 2017 Maximum Weekly Unemployment Benefits By State

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Listed below are the latest maximum weekly unemployment insurance benefit/compensation amounts by state. The Unemployment compensation (UC) program is designed to provide benefits to most individuals out of work or in between jobs, through no fault of their own. Note, the table below contains the the maximum weekly unemployment insurance compensation (benefit) including adjustments for dependents where […]

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