Personal
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Understanding the Complexities of Tax Cuts and their Implications
The Tax Cuts and Jobs Act of 2017 created a common belief among middle-class Americans that they would receive long-lasting relief. However, the reality is far more complex than the initial perceptions. While there were certain federal tax cuts introduced in the Act, many of them are temporary and set to expire by 2025. This…
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President Biden’s Revised Student Loan Forgiveness Plan
President Joe Biden has recently unveiled his revamped student loan forgiveness plan after facing legal challenges with his initial attempt. The new plan aims to provide relief to specific groups of borrowers who have been struggling with the burden of student debt for years. This article will delve into the details of President Biden’s revised…
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The Problem with “Allowances” in Relationships
In the age of social media, it is easy to come across posts and videos that glamorize the concept of “allowances” in relationships. Terms like #tradwives and #SAHGs (stay-at-home girlfriends) are used to showcase extravagant spending habits and the dynamic of one partner giving permission to the other. While this may seem like a harmless…
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What to Do If You Can’t Pay Your Taxes on Time
As Tax Day approaches, many people find themselves in a situation where they are unable to pay their taxes by the deadline. The IRS offers tax extensions, which can push the filing deadline to October 15. However, one common misconception about tax extensions is that they provide additional time to pay. In reality, the extension…
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Is College Education Losing Its Luster?
The landscape of higher education is rapidly evolving, facing multiple challenges that are causing a shift in how students approach their academic journey. With rising college costs and soaring student debt, the return on investment of a college degree is getting questioned more than ever. This increased scrutiny may be contributing to a decline in…
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The Impact of Student Loan Debt Forgiveness by the Biden Administration
The Biden administration recently made an announcement that it will forgive $7.4 billion in student debt for 277,000 borrowers. This latest round of loan cancellations stemmed from the U.S. Department of Education’s recent changes and enhanced oversight of income-driven repayment plans and the Public Service Loan Forgiveness program. Secretary of Education Miguel Cardona emphasized the…
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The Importance of Quarterly Tax Payments for Freelancers and Small Business Owners
As a freelancer, small business owner, or someone earning income from gig economy work, it is crucial to be aware of the various tax deadlines throughout the year. While many individuals are focused on filing their annual tax returns by April 15th, there is another important deadline that should not be overlooked – the due…
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Unveiling the Complexities of Deflation in Consumer Prices
In a time of economic uncertainty, the recent surge in inflation data has left investors on edge about the future trajectory of consumer prices. However, amidst the chaos, there are certain categories of goods and services that have seen a surprising trend – deflation. This phenomenon, characterized by a decrease in prices, has primarily affected…
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The Real Impact of Inflation on Consumers
The new government inflation data released recently has caught many by surprise as it came in hotter than expected. The consumer price index (CPI) rose by 3.5% from a year ago and 0.4% for the month, indicating a significant increase in prices for consumer goods and services. While these numbers may not be shocking to…
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The Impending Impact of Biden’s Student Loan Forgiveness Plan on the Presidential Election
The Biden administration is pushing forward swiftly with a revised student loan forgiveness plan, aiming to initiate the process of erasing individuals’ debts as early as this upcoming fall. This initiative has the potential to play a significant role in the upcoming presidential election, according to experts in the field. Mark Kantrowitz, a higher education…