credit

5Apr

By THEIRL1ADMIN01No Comments

MONEY

Everything You Need To Know To Claim The Child Tax Credit This Tax Filing Season

The monthly child tax credit payments may be over, but families now face a new hurdle: Filing for the remaining portion they’re owed. An estimated 40 million households will be applying for the benefit this tax filing season, which, thanks to a bevy of coronavirus-related claims, is already expected to come with significant challenges and delays. The child tax credit, which was expanded to more people and for a larger amount in early 2021, was designed to arrive in two chunks in 2021 to nearly all families with children. The first payments were in six monthly increments. The second would come with families’ tax returns in 2022 — if they know how to get it. “There’s a huge, huge knowledge gap here,” said Jen Burdick, a lawyer at Community Legal Services of Philadelphia who has been helpi...

Without The Child Tax Credit Expansion Many Families Could Be Left Without Enough Food On The Table

21Jan

By THEIRL1ADMIN01No Comments

COVID-19

Without The Child Tax Credit Expansion Many Families Could Be Left Without Enough Food On The Table

The discontinuation of the Biden administration’s monthly payments of the child tax credit could leave millions of American families without enough food on the table, according to our new study in JAMA Network Open. The first missed payment on Jan. 15, 2022, left families that had come to rely on them wondering how they would make ends meet, according to many news reports. The American Rescue Plan Act, a $1.9 trillion COVID-19 relief package passed in March 2021, made significant changes to the existing child tax credit. It increased the size of the credit by 50% or more, depending on a child’s age, to either $3,000 or $3,600 per year. It also made more low-income families eligible and paid half of this money out as a monthly “advance” payment. Biden’s Build Back Better plan calls for a ...

For Investing More In Health Care During The Pandemic – Credit Ratings Are Punishing Poorer Countries

4Apr

By THEIRL1ADMIN01No Comments

BUSINESS, HEALTH & WELLNESS

For Investing More In Health Care During The Pandemic – Credit Ratings Are Punishing Poorer Countries

Ramya Vijaya, Stockton University Economic recovery from the COVID-19 pandemic depends on sustained investment in health care and social services. But while rich countries like the U.S. can borrow and spend relatively easily, low-income nations face a major obstacle: their credit ratings. A credit rating, like a credit score, is an assessment of the ability of a borrower – whether it’s a company or a government – to repay its debts. Lower credit ratings drive up the cost of borrowing. This threat prompted some poorer countries to avoid tapping investors for vital financing during the pandemic, while other governments that made plans to spend more on public services were hit with credit ratings downgrades from private companies. My forthcoming research shows that when credit ratings fal...

Millions of America’s working poor may lose out on key anti-poverty tax credit because of the pandemic

4Apr

By THEIRL1ADMIN01No Comments

IN OTHER NEWS

Millions of America’s working poor may lose out on key anti-poverty tax credit because of the pandemic

The pandemic is driving American families to the edge, with tens of millions at risk of losing their homes and over 1 in 10 U.S. adults reporting their households didn’t have enough to eat in the previous week. While Congress debates extending unemployment benefits that expired on July 31 and other additional aid, there’s an important program that already exists that could help struggling Americans get through the crisis however long it lasts. Known as the earned income tax credit, or EITC, it provides aid primarily to the working poor. In a typical year, it lifts more than 8.5 million people out of poverty, while improving the health and well-being of parents and children. Since the credit depends on earned income, many families may be at risk of losing all or some of the benefit becaus...

5Mar

By THEIRL1ADMIN01No Comments

LIFESTYLE

Dallas Man Charged with Using Stolen Credit Card Information Obtained from the Dark Web

A 38-year-old man from Dallas was charged by a federal jury last week on allegations of making fraudulent credit cards using information obtained from the dark web. Carlos M. Garza Junior would purchase the card details on the darknet then use the information to reproduce similar copies of the cards using a magnetic encoder. Garza’s arrest came on May 15 after a complaint of theft was made by an employee of a local store. The employee worked at Lubbock’s Home Depot store that dealt with electric appliances, construction tools, and services. Soon after the complaint was made, Lubbock police met the employee at the store on 50th street to investigate the case. According to the police report, the employee said that Garza had been in the store just moments before and he had purchased items w...

Dark Web Credit Card Cloners Steal Thousands from Behind Bars

18Dec

By THEIRL1ADMIN01No Comments

IN OTHER NEWS

Dark Web Credit Card Cloners Steal Thousands from Behind Bars

In a sting multi-agency operation headed by the Federal Burial of Investigation, a prolific credit card scammer who had siphoned thousands of dollars cash was uncovered. The scammer is reported to have perpetrated his heinous acts while he was behind bars. According to the Fed reports, the suspect is now serving a much lengthier sentence on top of what he was already serving. According to the documents handed over by the investigators, from 2014 up to 2016, the suspect, together with his conspirators, bought many credit card numbers from renowned Russian Hackers. They also acquired Fullz from Pakistani and Ukraine hackers on a regular basis. The suspect is also reported to be working closely with a restaurant attendant from Syracuse, who forwarded skimmed bank account numbers from custome...