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Showing posts with label MAKE MONEY ONLINE. Show all posts
Showing posts with label MAKE MONEY ONLINE. Show all posts

Saturday

How to Make Money Online with YoFan (Simple Guide for Beginners in 2026)

09 May 0
Making money online is no longer difficult in 2026. One of the easiest platforms people are now using is YoFan — a fast-growing creator platform that allows you to turn your content, audience, and links into income.


If you are a student, freelancer, content creator, or even just starting online, YoFan can help you build a simple online income system without stress.


What is YoFan?

YoFan is a digital creator platform where you can:

  • Create a personal page (like a mini website)
  • Share your links, content, and social media
  • Earn money through ads and monetization options
It works like a simple online hub where all your content and earning tools are in one place.

How YoFan Helps You Make Money

  • YoFan allows creators to earn through:
  • Ad placements (like AdSense integration)
  • Traffic from your page
  • Audience engagement
  • Referral and link sharing
The more people visit your YoFan page, the higher your earning potential.


Why YoFan is Trending

Many beginners prefer YoFan because:

  • It is easy to set up
  • No advanced website skills needed
  • Mobile-friendly
  • Works like a personal landing page
  • Can be combined with social media traffic

How to Get Traffic to Your YoFan Page

If you want to succeed with YoFan, traffic is very important. Here are simple ways:
  • Share your YoFan link on WhatsApp status
  • Post it on Facebook groups and pages
  • Add it to TikTok or Instagram bio
  • Use SEO blog posts like this one
  • Share useful content regularly



Pro Tip for Beginners

Don’t just create a YoFan page — build content around it.

For example:
  • Tech tips blog + YoFan link
  • Entertainment updates + YoFan link
  • Business ideas + YoFan link
This helps you attract consistent visitors from Google and social media.

Final Thoughts

YoFan is a simple but powerful tool for beginners who want to start making money online. However, success depends on how much traffic you can bring to your page.

If you focus on content + promotion, YoFan can become a real source of online income.

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Sunday

Tips To Get the Money for Your Dream Home

24 September 0
5 Tips To Get the Money for Your Dream Home


Many people rent apartments or studios because it is a more affordable housing option, especially for young adults. In 2023, the real estate rental market grew from last year’s $2,376 billion to $2,561.84 billion. However, most people are still working toward buying their own dream home.

If you still cannot afford to buy your own house, this short guide is for you. After reading, you will get crucial tips that can help you get the money you need for your dream home.

1. Apply for Jobs Online

One way to get the money you need for your dream home is by augmenting your salary. Try applying for jobs online through Fiverr, Upwork, and Freelancer.com. These freelancing sites offer opportunities for people to do a variety of positions, including the following:
  • Writing
  • Web Designing
  • Web Programming
  • Digital Marketing
  • Data Entry
  • Virtual Assistant Services
If you are fluent in a second language, you can offer translation services at Gengo. If you are knowledgeable in web design, you can even drum up business by making a translation site of your own.

Another way to make money online is by using sites like UserTesting.com, where you can get paid for testing websites. You only have to share your thoughts on specific websites and applications.

However, you must complete a short test before you can start working. Moreover, the pay you will receive depends on the test type.

Those with a penchant for embroidery, woodworking, jewelry-making, or pottery can sell their products on Etsy. This site allows artisans to market and sell their art, home goods, and other creative knickknacks.

You can save money for your dream home by working full-time or part-time online. Some gigs may not pay well, but the money you will get can still increase your savings.

2. Know How Much You Need To Save

After choosing where you want to live, you will know how much you need to save. Having a budget can make creating a savings plan with a deadline easy.

The down payment can be the priciest fee you must save for when buying a new house. Remember that most mortgage lenders recommend having at least 20 percent of the total price of your dream home as a down payment. This amount can help you save on private mortgage insurance (PMI) monthly costs, which can help you save more in the long run.

Another option you have is to look for government financing. The following are examples of housing support you can get from the government:

The Department of Agriculture (USDA) mortgages: The USDA offers loans to low and medium-income earners who want to buy homes in rural areas at zero down payment rates.

Federal Housing Administration (FHA) loans: FHA loans require borrowers to pay a 3.5 percent down payment and have a credit score of at least 580. You may also get this loan if you have a 500 credit score, but you must pay a 10 percent down payment.

Veterans Affairs (VA) loans: US citizens associated with the military can apply for VA loans for housing support with no down payment.

3. Minimize Expenses

This tip may seem obvious, but it is still worth mentioning. Failing to minimize expenses could delay buying your dream home because you might be tempted to use your savings during emergencies.

Remember that downsizing and minimizing expenses can be the fastest way to save for a significant purchase. Evaluate your finances and check for recurring subscriptions, assets, or fees you can do without. You can channel the savings to the account you reserve for your new home.

4. Work With Professional Real Estate Agents

Hiring a competent real estate agent can be worth it because they can help you find your dream home based on the specifications and budget that you provide. Moreover, they can help with the administrative tasks associated with purchasing a house, such as filing the necessary paperwork with government agencies and banks.

Working with an agent gives you peace of mind that your financial investment will be legitimate. However, the agent may charge service fees, so ensure you have the budget for their services. You should also specify the scope of work and corresponding payment to manage expectations from the partnership.

5. Do Your Research

Even with the help of a professional real estate agent, you should still do thorough research on your own. This strategy involves the following:
  • Knowing the current market trends when it comes to buying homes and other real estate properties
  • Looking for local real estate websites and listings
  • Ask for advice from people who you know with experience in buying property
Remember that you can only make informed decisions with the correct information. So don’t be afraid to ask questions to keep yourself informed.

Take all the time you need to prepare before making a big purchase, especially as investing in a home requires significant thought and preparation.
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5 Ways Sales Forecasting Promote Growth of Businesses

24 September 0
5 Ways Sales Forecasting Promote Growth of Businesses

Companies create strategic plans for expansion and make informed decisions based on essential information they gather. An increase in a company’s customer base, goods produced, market share, and revenue indicates business growth. Fortunately, revenue intelligence software can help collect data and insights about customers. Businesses can also use sales forecasting software to accurately predict future product or service demand.

Tools required by businesses to remain competitive and ensure long-term success

Sales forecasting and revenue intelligence are necessary for the expansion and success of businesses. Sales forecasting estimates future sales based on past performance, current market conditions, and other relevant factors. It helps businesses predict the number of products or services to produce or deliver to satisfy customer demand. Consequently, it aids companies in assessing their financial needs and plans for growth.

Revenue intelligence involves collecting and analyzing information from multiple sources, like customer interactions, market trends, sales activities, and competitive intelligence. It helps companies determine how to optimize pricing and promotions, optimize sales channels and target the right customers. Also, revenue intelligence provides the information that sales forecasting needs to become successful.

By understanding trends and customer behavior, businesses can more accurately predict future sales and plan for the future. Additionally, revenue intelligence can help identify areas where businesses require more resources or where sales could be increased. By combining sales forecasting and revenue intelligence, businesses can maximize their potential for success. Besides, sales forecasting and revenue intelligence software will help them expand and succeed.

How sales forecasting supports business growth?

Sales forecasting allows businesses to make better decisions regarding their operations. It promotes the companies’ growth in the following ways:

Enhanced resource utilization

Sales forecasting helps businesses accurately predict the demand for their products and services, enabling them to optimize their resources more effectively. It will help companies use the right quantity of labor, materials, and resources to maximize profits while minimizing costs.

Improved decision-making

Good sales forecasting can give companies the information required for more informed decisions. It can help them make better decisions faster, minimizing costs and enhancing profitability.

Increased competitive advantage

By better understanding markets and their customers, businesses can position themselves to take advantage of opportunities and stay ahead of their competition. Consequently, they can grow more quickly and gain a competitive edge.

Reduced risk

Sales forecasting helps businesses identify potential risks and develop plans to address them. It can help them minimize losses and maximize profits, which can help them grow more quickly.
Improved customer service

By understanding their customer base, businesses can better tailor their products and services to meet their customers’ needs. It can help them build better relationships and improve customer satisfaction, increasing sales and revenue.

Through sales forecasting, businesses can identify new opportunities and adjust their strategies to take advantage of them. The process is crucial to any business plan and should be updated as conditions change. Companies must also consider external factors that may affect their sales predictions, such as changes in the economy, consumer tastes, and competition.

Conclusion

Inaccurate sales forecasting can be costly for businesses, leading to either an oversupply of products or an undersupply. Fortunately, sales forecasting software can help businesses plan their operations more efficiently, allocate resources more effectively, and develop strategies to capitalize on opportunities.
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Saturday

How To Deliver High Value Software Features

09 September 0
How To Deliver High Value Software Features In A Short Time Period Using Agile Scrum Process


Agile Scrum (Sprint) Process

There is an Agile manifesto that says what approaches do and don’t work for software development.

Any development process that follows the concepts Agile manifesto is referred to as Agile development. Scrum is nothing but one such process only. It is a light-weight process framework for Agile development.

Scrum is a software development process based on Agile methodology. We can say that it is a subset of Agile. In today’s rapid world, stakeholders want an immediate return on their investments. They don’t want to wait for long periods to get the fully-featured product.

As a result, nowadays new Software Development and Testing frameworks are catching momentum i.e. Scrum approach. In Scrum, projects are divided into small tasks that are to be developed and tested in specific time-frames called a Sprint (small cycles).

Literally, the word Sprint means ‘run at full speed over a short distance’. The same concept applies here. In Sprint, we aim for rapid completion and review of specific planned tasks while maintaining high quality at the same time. The Agile scrum team is handled by the Scrum master.


Scrum is an iterative and incremental framework for projects, products and application development. Scrum has become a more and more popular software development and testing framework among organizations.

Many small to large-sized IT companies have embraced the Scrum framework as this creates excellent quality products in less time than other traditional methodologies like waterfall processes.

This framework can save both the company’s time as well as money. It significantly increases productivity and reduces time to benefits relative to the other processes of software development. It also allows organizations to cope up better with the change.


Having had a basic idea of the Agile Scrum(Sprint) process now, let us move towards having a look at the soft skills that can help you in delivering high-value software features in a short time period.

Soft Skills for the Scrum Team

What Soft Skills are required for a Successful Scrum Team?

When we start our regular (Agile) sprints (Cycles of work), we usually find some of the challenges with our team members. These challenges are not part of the technical difficulties. It usually occurs with the team member’s mindset or their soft skills.

Many successful Scrum projects have taught us that the success of a scrum depends on how team members are supported wholeheartedly towards Sprint.

Let’s discuss some of the pre-requisite soft skills for the Scrum Team.

Team Spirit


Cross-functional teamwork is at the heart of Scrum. There is no “my work”, “I have finished my work” and “your work”. In a Scrum team, we find people saying things like only “Our work”, “we have completed our Sprint”.

Individuals will have a helping tendency for sharing technical knowledge. Scrum Members are always available to team members rather than being locked away behind closed doors. Scrum Master will always motivate the teams and create a Supporting Learning Environment.

The team will always be sprint-oriented and often discuss the smooth run of the sprint. A scrum team’s job is to self-organize around the challenges and the management’s job is to remove impediments to self-organization.

Communication


Good communication must exist among the team members of the development team, testing team, business analysts and stakeholders. There must be a highly collaborative interaction between the client and the delivery teams.

More client involvement implies more suggestions or changes from the client. It implies more bandwidth for communication.

Commitment

Commitment is one of the core scrum values.


Agile Teams need periodic re-energization to renew their commitments to their purpose and to each other. Scrum Masters can help by ensuring that the team embraces the concept of whole-team responsibility and whole-team commitment to deliver working software at the end of each sprint.

With the whole team commitment, the team member who has completed his tasks will help the one who has not yet completed so that hopefully each team finishes the assigned tasks on time.

Problem Solving

Scrum does not simply focus on developing just any type of end product. Instead, the Scrum method allows the team to focus on creating a product that fulfills the customer’s highest value priorities which are defined by product owners.
Transparency

Transparency or openness among team members and management gives a real momentum to the scrum team.

Scrum Master encourages people to ask for help, surface roadblocks, and give recognition to those who help others and solve problems. At the same time, Scrum Master also understands the time wasted and the impact on the team when individuals sit ideally or ignore problems.



Scrum Result

If the Scrum team follows the above said soft skills, the team velocity will tend to increase significantly. In turn, customers will appreciate the results or updates and also can react quickly to any potential problems.

The team can deliver high-value software features in a short time period and the team can contribute towards changing business conditions.

About Author: J.B.Rajkumar is a Certified Scrum Master (CSM) with rich experience in the Agile/Scrum framework. He has worked as Corporate Trainer, Project Lead, QA Manager and QC Manager. He has implemented Scrum in no. of projects in his current organization.

He is a frequent speaker on Agile/Scrum for International Conferences, Colleges, Universities and Software Industries. He conducts training on Scrum and Agile Testing. Presently he is with Automation Practice, one of the top MNCs.
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Thursday

Will You Have to Pay Taxes on Canceled Student Debt?

25 August 0
If Your Student Loan Are Forgiven, Will You Owe Taxes on Them Next Year?

Widespread student loan forgiveness was announced for millions of borrowers. Here's what that means for next year's tax bill.



On Wednesday, President Joe Biden announced several student loan relief efforts -- most notably federal student loan forgiveness of $10,000 to $20,000 per borrower. With more than 43 million Americans holding federal student loan debt at approximately $37,667 per borrower (not counting private loans), many will see their debt balances diminish considerably, if not disappear entirely.

If your student loans are forgiven, either through the recent announcement, the Public Service Loan Forgiveness program or an income-driven repayment (IDR) plan, will you be required to pay taxes on the forgiven balances? Here's everything you need to know about student loans and taxes, as well as some additional tax breaks that could lower your tax bill in 2023.
Will you owe taxes on your forgiven student loan amount?

A provision tucked into the $1.9 trillion COVID relief package passed in March 2021 eliminates taxation on forgiven student loan debt through 2025. This means you won't owe any additional taxes on your forgiven student loans.

Typically when you receive student loan forgiveness, your forgiven debt is added to your taxable income come tax season. This increases the amount of taxes you owe for a given year, either lowering your refund or bumping up your tax bill.

For example, if you make $50,000 and have $20,000 in student loans forgiven, your taxable income would increase to $70,000, pushing you into a higher tax bracket.

For anyone who's just received forgiveness -- or will in the coming months -- your forgiven balance is tax-free.

Other tax considerations for those with student loans

In addition to student loan forgiveness options, you may be eligible for additional tax credits and deductions. Although 2023 tax thresholds have not yet been released, here are some student loan tax breaks that may boost next year's refund or lower your tax bill.
Student loan interest deduction

When you make monthly payments to your student loans, that includes your principal payment as well as any accrued interest payments. Whether you have private or federal student loans, the student loan interest deduction lets you reduce your taxable income, depending on how much interest you paid. For 2021, this reduction went up to $2,500 a year.

You're eligible for the deduction if you paid student loan interest in the given tax year and if you meet modified adjusted gross income requirements (your income after eligible taxes and deductions), For 2021, you qualified if your MAGI was less than $70,000 (or $100,000 if married, filing jointly). Partial deductions were offered for those with MAGI between $70,000 and $85,000 ($100,000-$170,000 for those who filed jointly).

With federal student loan repayments on pause and interest at 0%, you might not have paid any interest over the past year. That said, you should log into your student loan portal and check form 1098-E for any eligible interest payments.

If eligible, this deduction will lower your taxable income, which could reduce how much you owe the IRS or increase your tax refund. You might even get placed in a lower tax bracket, which could qualify you for other deductions and credits .
American Opportunity Tax Credit

The American Opportunity Tax Credit is available for first-time college students during their first four years of higher education. It allows you to claim 100% of the first $2,000 of qualifying education expenses, then 25% on the next $2,000 spent -- for a total of up to $2,500. If you're a parent, you can claim the AOTC per eligible student in your household, as long as they're listed as a dependent.

To claim the full credit in 2021, your MAGI must have been $80,000 or less ($160,000 or less for those married, filing jointly). If your MAGI was between $80,000 and $90,000 ($160,000 to $180,000 for those filing jointly), you might have qualified for a partial credit.

The AOTC is a refundable credit, which means if it lowers your income tax to less than zero, you might be able to get a refund on your taxes or increase your existing tax refund.
Lifetime Learning Credit

You can earn money back for qualified education expenses through the Lifetime Learning Credit. The LLC can help pay for any level of continuing education courses (undergraduate, graduate and professional degrees). Transportation to college and living expenses are not considered qualifying expenses for the LLC.

Unlike the AOTC, there's no limit to how many years you can claim the credit. You could get up to $2,000 every year or 20% on the first $10,000 of qualified education expenses. The LLC is not refundable, however, which means you can use the credit to lower your tax bill if you have one, but you won't get any of the credit back as a refund.

For 2021, you were eligible for this credit if you had qualifying expenses and your MAGI was less than $59,000 ($118,000 for those married, filing jointly). You could also claim a reduced credit if your MAGI was between $59,000 and $69,000 ($118,000 and $138,000 for those married, filing jointly).

Note: You cannot claim both the AOTC and the LLC for the same student in the same tax year. If you're eligible for both, the AOTC typically provides a bigger tax break (and can boost your refund).
If your loans are in default, will next year's tax return be garnished?

Normally, if you have federal student loans in default (meaning you're unable to pay what you owe on them for 270 days), your tax refunds can be taken to help cover the balance owed. Since federal student loans were on pause during the 2022 tax season, your federal tax refund was not eligible to be garnished by the government.

It's unclear if this will remain in place for 2023, though with the new payment pause set to expire at the end of 2022, this benefit may expire.
Your tax filing status can impact your student loan payments

If you're repaying federal student loans and you're on an income-driven repayment plan, your marriage status may impact your payment amount. For instance, if you're married filing jointly, your payments are based on the joint income between you and your spouse. If you're married filing separately, your payments are based on only your income.

If you decide to file separately to lower your monthly IDR plan payment, however, you may miss out on other key tax benefits. For example, you may not be able to take advantage of a lower tax rate extended to married couples filing jointly, nor will you be able to claim increased credit and deduction amounts available if you filing jointly.

The Revised Pay As You Earn, or REPAYE, plan doesn't distinguish between whether you're listed as married filing separately or married filing jointly. Your payments are based on the income of both you and your spouse.
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Wednesday

Biden Announces $10K Student Loan Forgiveness Plan

24 August 0
Biden Announces $10K Student Loan Forgiveness Plan, Extends Payment Pause Until 2023



What's happening

President Joe Biden has announced up to $10,000 in student loan debt will be forgiven for all borrowers earning under $125,000.

Why it matters

Student loan debt has become a major economic issue, with 45 million Americans carrying more than $1.7 trillion in federal student loans.

What's next

Biden also extended the current moratorium on student loan payments through the end of the year.

President Joe Biden has extended the current pause on student loan payments, which was set to expire on Aug. 31. In a tweet on Wednesday, Biden announced the moratorium would be extended "one final time" through Dec. 31, 2022.

As expected, the White House also announced a long-awaited executive action erasing up to $10,000 in federal student debt for borrowers making less than $125,000 a year -- or $250,000 for married couples.

The president, who said he would go into more detail in a press conference Wednesday afternoon, also announced that Pell grant recipients will have $20,000 of their student debt erased. Borrowers with undergraduate loans will be able to cap repayment at 5% of their monthly income.

The forgiveness plan could wipe clear the balances of 15 million borrowers, The Wall Street Journal reported, a third of the 45 million Americans who are currently carrying about $1.7 trillion in federal student loans.

"In keeping with my campaign promise, my Administration is announcing a plan to give working- and middle-class families breathing room as they prepare to resume federal student loan payments in January 2023," Biden said.

Americans are divided on student loan forgiveness: 59% are concerned it will make inflation worse, according to a CNBC/Momentive poll last week, which also said 30% of adults opposed any kind of student loan forgiveness.

Democrats in Congress had pressed for more debt forgiveness -- at least $50,000 -- while Republicans said the president lacked the authority to cancel billions in student debt. Republican Sen. Mitt Romney introduced legislation to block Biden from forgiving debt but the bill never advanced in the Democrat-controlled Senate.

"Canceling student loan debt is yet another giveaway to the wealthy by Washington Democrats," Missouri Rep. Jason Smith, a Republican who serves on the House Budget Committee, tweeted Wednesday morning before the announcement. "And 87% of Americans who don't have student debt will be forced to pay for the 13% who chose to take on student loans," Smith added.

According to a Wharton School of Business research model, the one-time debt forgiveness of $10,000 per borrower will cost taxpayers around $300 billion over the next 10 years.
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Tuesday

Money Moves to Take Now

02 August 0
Worried About a Recession? Don't Wait to Make These 8 Money Moves


What's happeningWith the latest GDP report showing another consecutive quarterly decline in economic activity, the country is likely in a technical recession.


Why it mattersPrevious recessions have all seen pervasive layoffs, higher costs of borrowing and a tumultuous stock market.

What it means for you

Worry less about the macroeconomic news of the day and focus on what you can control. Take inventory of your financial life, gather facts and make moves to protect your savings.

The state of the economy is the worry of the day. News of another quarterly drop in GDP, or Gross Domestic Product, signals the US economy is now likely in a technical recession. The National Bureau of Economic Research makes the official call about whether the country is in a recession (and they haven't yet).

Still, if you ask most people, they'll say it's become undoubtedly harder to make ends meet. At least one poll conducted in June finds a majority of Americans, or 58%, believe we are in a recession. Inflation is still soaring and shows no signs of stopping, despite four interest rates hikes from the Federal Reserve. And with the Fed's most recent rate hike and more to come, many worry the Fed's attempts to cool rising prices could push us into much more challenging financial times.

An increase in layoffs -- another key indicator of a recession -- is also being felt across the country as many companies -- particularly in the tech sector -- have announced layoffs in recent months. Layoffs.fyi, a website that tracks downsizing at tech startups, logged close to 37,000 layoffs in Q2, more than triple from the same period last year.

At CNET Money, we're dedicated to supporting your financial health with accurate, timely and honest advice that takes into consideration the pressing financial questions of our time. Whether we can call this a recession or not, to us, feels like a game of semantics.

That's why we're launching the Recession Help Desk, a destination where you will get the latest, best advice and action steps for navigating this uncertain period.

To begin, we have a piece below about how to prepare for tougher times ahead.

Are We In a Recession Now? And So Many Home Buying Questions

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First, a quick look back at the US economy

Since the Great Depression, the US has had about a dozen economic setback periods lasting anywhere from a few months to over a year. In some ways, there's always a recession on the horizon: Economies are cyclical, with upswings and downturns. We can't predict what will happen in advance, and sometimes we can't even tell what's happening while we're in the middle of it. Morgan Housel, author of The Psychology of Money, may have said it best when he tweeted in April: "We're definitely heading toward a recession. The only thing that's uncertain is the timing, location, duration, magnitude and policy response."

Attempting to figure out recession specifics is a guessing game. Anyone who tells you different is likely trying to sell you something. The best we can do right now is draw on history to build context, get more proactive about the money moves we can control and resist the urge to panic. This includes reviewing what happened in previous recessions and taking a closer look at our financial goals to see what levers to pull to stay on track.

Here are eight specific steps you can take to create more financial stability and resilience in a turbulent economy.
 
1. Plan more, panic less

The silver lining to current recession predictions is that they're still only forecasts. There is time to assemble a plan without the real pressures and challenges that come with being in the thick of an economic slowdown. Over the next couple of months, review your financial plan and map out some worst-case scenarios when your adrenaline isn't running high.

Some questions to consider: If you did lose your job later this year or in early 2023, what would be your plan? How can you fortify your finances now to weather a layoff? (Keep reading for related advice.)

2. Bulk up your cash reserves

A key to navigating a recession relatively unscathed is having cash in the bank. The steep 10% unemployment rate during the Great Recession in 2009 taught us this. On average, it took eight to nine months for those affected to land on their feet. Those fortunate to have robust emergency accounts were able to continue paying their housing costs and buy time to figure out next steps with less stress.

Consider retooling your budget to allocate more into savings now to hit closer to the recommended six- to nine-month rainy day reserve. It may make sense to unplug from recurring subscriptions, but a better strategy that won't feel as depriving may be to call billers (from utility companies to cable to car insurance) and ask for discounts and promotions. Speak specifically with customer retention departments to see what offers they can extend to keep you from canceling your plans.

3. Seek a second income stream

Web searches for "side hustles" are always popular, but especially now, as many look to diversify income streams in the run up to a potential recession. Just like it helps to diversify investments, diversifying income streams can reduce the income volatility that arrives with job loss. For inspiration on easy, low-lift side hustles that you might be able to do from home, check out my story.

4. Resist impulsive investing moves

It's hard not to be worried about your portfolio after all the red arrows in the stock market this year. If you have more than 10 or 15 years until retirement, history proves it's better to stick with the market ups and downs. According to Fidelity, those who stayed invested in target-date funds, which include mutual funds and ETFs commonly tied to a retirement date, during the 2008 to 2009 financial crisis had higher account balances by 2011 than those who reduced or halted their contributions. "Those who panic and sell 'at the bottom' often regret it because trying to time the market can result in losses that are very difficult to regain because stock prices can change quickly," said Linda Davis Taylor, seasoned investment professional and author of The Business of Family.

If you have yet to sign up for automatic rebalancing, definitely look into this with your portfolio manager or online broker. This feature can ensure that your instruments remain properly weighted and aligned with your risk tolerance and investment goals, even as the market swings.
 
5. Lock interest rates now

As the policy makers raise interest rates to bring down inflation levels, interest rates will increase. This potentially spells bad news for anyone with an adjustable-rate loan. It's also a challenge for those carrying a balance on a credit card.

While federal student loan borrowers don't have to worry about their rates going up, those with private variable rate loans may want to look into consolidating or refinancing options through an existing lender or other banks, such as SoFi, that could consolidate the debt into one fixed-rate loan. This will prevent your monthly payments from increasing unpredictably when the Federal Reserve raises interest rates again this year, as expected.

6. Protect your credit score

Borrowers may have a tougher time accessing credit in recessions, as interest rates jump and banks enforce stricter lending rules. To qualify for the best loan terms and rates, aim for a strong credit score in the 700s or higher. You can typically check your credit score for free through your existing bank or lender, and you can also receive free weekly credit reports from each of the three main credit bureaus through the end of the year from AnnualCreditReport.com.

To improve your credit score, work towards paying down high balances, review and dispute any errors that may be on your credit report or consider consolidating high-interest credit card debt into a lower interest debt consolidation loan or 0% introductory APR balance transfer card.

7. Rethink buying a home

While home prices have cooled in some areas, it remains a competitive housing market with few homes to go around. If rising mortgage rates are adding more pressure to your ability to buy a home within budget, consider renting for a little longer. If you're also worried about your job security in a potential recession, then that's even more reason to take pause. Leasing isn't cheap at the moment, but it can afford you more flexibility and mobility. Without the need to park cash for a down payment and closing costs, renting can also keep you more liquid during a potentially challenging economy.

8. Take care of your valuables

The advice that was born out of the sky-high inflation period in the late 1970s still applies now: "If it ain't broke, don't fix it."

With ongoing supply chain issues, many of us face high prices and delays in acquiring new cars, tech products, furniture, home materials and even contact lenses. This includes replacement parts, too. If a product comes with a free warranty, be sure to sign up. And if it's a nominal fee to extend the insurance, it may be worth it during a time when prices are on the rise.

For example, my car has been in the repair shop for over three months, waiting for parts to arrive from overseas. So, in addition to paying my monthly car payment, I have a rental car fee that's adding up. If nothing else, I'll be heading into a possible recession a more cautious driver.
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Wednesday

Your State Suspended Its Gas Tax?

27 July 0
Gas Tax Holiday: Has Your State Suspended Its Gas Tax?

A half-dozen states have suspended their gas tax to help motorists weather rising fuel prices.



Gas prices have come down slightly from record highs in June, but motorists are still looking for relief at the pump. President Joe Biden has called on Congress to suspend the federal gas tax for three months, and he's encouraged state governments to pass similar legislation.

A bill to pause the federal gas tax, which adds 18.3 cents per gallon, was introduced in the Senate in February, but it hasn't been brought to a vote.

A half-dozen states have suspended their state gas taxes, and many others are debating similar moves. According to a Politico/Morning Consult poll from March, 72% of Americans support suspending their state fuel tax.

Which states have put the brakes on gas taxes? How much is it saving drivers? Is your state next? Here's everything you need to know.

Which states have suspended their gas tax?

Proposals to limit fuel taxes, which fund interstate highway repair and mass transit projects, have been introduced in more than 20 states. So far only five have pulled the lever.

Maryland

On March 18, Maryland paused its 36-cent-a-gallon tax on retail gasoline and its 37-cent tax on diesel for 30 days. Prices dropped 21 cents on average that day, according to AAA Mid-Atlantic.

"This is, of course, not a cure-all, and market instability will continue to lead to fluctuations in prices," said Maryland Gov. Larry Hogan, who also supports suspending the automatic increases in the state fuel tax, but such efforts seem unlikely to bear fruit.

On July 1, Maryland's gas tax, which is tied to inflation, rose 7 cents to 43 cents per gallon. Comptroller Peter Franchot called for a special session of the Maryland General Assembly to pass another three-month gas tax holiday and suspend the state's automatic fuel tax increase, which he said would save motorists $300 million from July to the end of September.

A two-car household fueling up on 15 gallons a week could see a savings of more than $150 over the 90-day pause, Baltimore station FOX 45 estimated.


Georgia's gas tax holiday has been extended until July 14.

Georgia

Georgia's General Assembly voted unanimously to pause state fuel taxes until May 31, shaving 29.1 cents a gallon off the price of gasoline and 32.6 cents per gallon off diesel. Gov. Brian Kemp, who said lost revenue is being covered by state surplus funds, extended the gas tax holiday until July 14.

Georgia last suspended its fuel tax in May 2021, when the Colonial Pipeline network shut down.

Connecticut

Connecticut Gov. Ned Lamont signed a bipartisan bill on March 24 temporarily lifting the state's 25-cents-a-gallon motor vehicle tax from April 1 to June 30 -- a step that will save drivers an estimated $90 million.

On Thursday, a gallon of gas in the Nutmeg State was $4.98, up about 63 cents from before the tax was suspended.

New York
 
In April, lawmakers in Albany approved a budget that suspends the state's 8-cent fuel tax and an 8-cent sales tax between June 1 and December 31. The move is projected to save New York drivers about 16 cents a gallon.

"By suspending certain fuel taxes for the next seven months, New York is providing some $609 million in direct relief to New Yorkers, a critical lifeline for those who need it most," Gov. Kathy Hochul said in a statement.

Florida

In May, Republican Gov. Ron DeSantis signed a budget that includes a one-month fuel-tax holiday beginning Oct. 1 that will lower the price of gas by 25.3 cents a gallon.

California
 
After efforts to suspend the 51-cent gas tax failed, California Gov. Gavin Newsom compromised with lawmakers in June and agreed to suspend a portion of the diesel sales tax, lowering it by about 23 cents per gallon at a cost of $439 million.
What are other states doing about gas taxes?

State gas taxes -- which can include an excise tax, sales taxes, oil inspection fees, county and local taxes and other charges -- vary greatly. Pennsylvania has the highest, nearly 59 cents a gallon, and Alaska the lowest, a little over 33 cents a gallon. The weighted national average is about 57 cents a gallon.

In Michigan, a Republican measure to suspend the state's gas tax failed to garner sufficient support. Gov. Gretchen Whitmer has said she backs temporarily suspending the sales tax on gasoline instead. Senate Minority Leader Jim Ananich wants to cut the 6% fee for one year.

With gas averaging $5.20 in Michigan, lifting the sales tax would lower the price by about 31 cents a gallon.


Michigan Gov. Gretchen Whitmer opposes suspending the state's fuel tax but supports pausing the 6% sales tax on gasoline.

Illinois Gov. J.B. Pritzker has frozen the state's gasoline tax at 39.2 cents per gallon through the rest of 2022.

In October, Missouri increased its gas tax by 2.5 cents, to 17 cents, then upped it another 2.5 cents on July 1, to 19.5 cents. But the increase is fully refundable for most motorists, if they keep their receipts and submit them to the Missouri Department of Revenue website. Drivers can start submitting gas receipts from October 2021 through June.

In a more moderate move, a measure introduced in Ohio would reduce the state gas tax by about 10 cents a gallon. The bill, Senate Bill 277, has not advanced to a floor vote since it was sent to the Transportation Committee in February.

Some cities are coming up with their own solutions: Since April, Chicago has issued tens of thousands of $150 gas cards and $50 public-transport vouchers to eligible residents via lottery.
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Car-Buying Negotiating Guide

27 July 0
Your best chance at getting a fair deal on a new car starts with these tips.

Horse trading has been around since, well, horses, and nothing has changed: The wily salesperson is a professional. And you are an amateur. When it comes to cars, you’re thinking years between purchases, while the salesperson is thinking hours.

The good news is you’ll only get beat if you leave yourself open. Know how to negotiate—what’s on the table, and what isn’t—and you stand a better-than-average chance of driving a good deal.

What isn’t on the table: monthly payments. Walk into a dealership saying, “I can afford $500 a month,” and that’s what you’ll pay. The salesperson can’t wait to hear that figure: He or she knows that you’ll be on the hook in a matter of minutes. They’ll simply extend payments out to 72 or 84 months, give you a little something for your trade-in, and as long as the monthly number is close to $500, you got what you want. It’s the easiest sale the dealer will make all day.

Instead, here’s a list of what you need to know before you walk in the door.

--How much the new car cost the dealer. This information is available from Consumer Reports or other buying sources; it’s called the wholesale price. Know that dealers almost never sell below cost, so if they appear to, there are incentives to the dealer or advertising costs paid by the manufacturer at play.

--How much your trade-in is worth. Again, there are sources for this information like Kelly Blue Book or Edmunds, but also check Craigslist to see what cars like yours are going for. Figure 10 percent less than the asking cost as a ballpark figure. It doesn’t hurt to try and sell the car on your own, but this doesn’t guarantee a good deal, although it’s worth trying Carvana or Vroom to get an offer.

--Know what the difference should be—your car plus money equals their car.

--Figure out how you’ll pay the difference. You can try to get financing on your own, but the dealer, when squeezed, is usually a good source for relatively inexpensive financing through the manufacturer or several lenders.

--Know what features you want on a car. Looking for a new Ford Bronco? Prices start at about $30,000 and go up to $60,000. A red car can cost $1,100 more than a white one. Do you really need a navigation system when there’s one on your phone? Figure out what you can, and can’t, do without. This includes the add-on extras that the F&I person (finance and insurance) will try to sell you before you are allowed to actually buy the car at the agreed-upon price. Again, the ability to walk away will serve you well. Some fees are unavoidable, some are not.

--Check with your insurance agent regarding how much more insurance might be. That can put you over your monthly budget quickly.

With all that knowledge in hand, be aware that from the moment you sit down in the dealership, you’ll be required to stick to your guns. Your greatest weapon is your threat to walk away—make it real. Unless you really live in the boonies, there’s another Ford, Toyota, Kia, or whatever dealer an hour away. Don’t be scared to get up and go there.

Two more considerations: If you are looking for a used car, it’s true that new car dealers have the pick of trade-ins, and are often willing to pay more at auction because they typically charge the most for used cars. The inspected “certified” used cars are usually the cream of the crop, and priced that way.

Buy or lease? If leasing gives you a solid reason to go that route, consider it, especially if you rack up minimal miles, and there’s a special lease deal available that you like. If you have a trade-in, though, we’re back to negotiating what it’s worth.

Consider that if you prepare for five hours and save $500, you’ve just earned a hundred bucks an hour. Don’t get caught up in the feeling that you’ve negotiated this much, you might as well go ahead a pull the trigger—dealers often count on an overwhelmed customer.

And don’t expect a dealer to fold, either, especially if you’re looking at a hot model. Negotiate, meet in the middle, be reasonable, and everyone goes home happy.
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California Stimulus Check Eligible

27 July 0
California Stimulus Checks 2022: Are You Eligible?



What's happening

California has announced a one-time "middle-class tax refund" that will provide 23 million taxpayers with between $200 and $1,050.
Why it matters

California's economy is the largest in the US. The inflation relief payments are a compromise between Gov. Gavin Newsom and state lawmakers.

California is sending one-time inflation-relief checks to residents in the fall to help blunt the sting of inflation. The Middle Class Tax Refund, a compromise between Gov. Gavin Newsom and state lawmakers in Sacramento, will see eligible families receiving a one-time payment of as much as $1,050, depending on their income, tax-filing status and household size.

Here's what you need to know about California's inflation relief checks, including which residents are eligible for the money, how much they'll get and when they can expect to receive it.

For more on anti-inflation measures, here's what you need to know about Florida's $450 inflation relief checks and here are which states are issuing tax rebates and which are pausing their state gas tax.
Who is eligible for the California tax rebate check?

The refund plan has been set up in three tiers, based on the adjusted gross income on your 2020 California state tax return. Single taxpayers who earned less than $75,000 and couples who filed jointly and made less than $150,000 will receive $350 per taxpayer and another flat $350 if they have any dependents. A married couple with children, therefore, could receive as much as $1,050. This is the largest bracket, KCRA reported, representing about 82% of beneficiaries.

Individual filers who made between $75,000 and $125,000 -- and couples who earned between $150,000 and $250,000 -- will receive $250 per taxpayer, plus another $250 if they have any dependents. A family with any children could receive $750.

Individual filers who earned between $125,000 and $250,000 and couples who earned between $250,000 and $500,000 would receive $200 each. A family with children in this bracket could receive a maximum of $600.

Although single taxpayers who earned more than $250,000 and couples who made more than a combined $500,000 in 2020 aren't eligible, the Middle Class Tax Refund is expected to benefit 23 million Californians in all.

You can estimate your payment on the Franchise Tax Board website.
What are the requirements to qualify for the tax rebate?

In addition to meeting income requirements, residents must have filed their 2020 tax refund by Oct. 15, 2021, have lived in the state for at least half of the 2020 tax year and still be a California resident on the date the payment is issued. They also cannot have been claimed as dependents in the 2020 tax year.
  
Rebates will start going out as direct deposits and debit cards in October.

When will the California payments start?

The payments will start going out in October and finish in the middle of January 2023, according to estimates from the Franchise Tax Board. The money is coming out of California's $97 billion budget surplus.

How will California send the payments?

If you filed your 2020 California state tax return electronically and requested a direct deposit for your refund, you will receive the tax rebate as a direct deposit, as well.

Otherwise, you should receive your payment on a debit card.
 
What if I didn't file a 2020 California tax return?

Most Californians who didn't file a complete 2020 tax return by Oct. 15, 2021, aren't eligible for the rebate. (The exception is for those who applied for an Individual Taxpayer Identification Number, or ITIN, and had not received it by Oct 15, 2021.)

In addition to the tax rebate, the state is increasing funding for several social programs, including the Supplemental Security Income/State Supplementary Payment, which assists more than 1 million seniors and disabled people. SSI/SSP benefits will increase by about $39 per month for individuals and by $100 per month for couples.

There are also increases to California Work Opportunity and Responsibility to Kids (CalWORKS) grants, which provide money and services to eligible families with children. Grant recipients could see their benefits increase as much as $194 a month, KCRA reported.
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Is Your State Sending Out Stimulus Checks

27 July 0
State Stimulus Checks 2022: Which States Are Giving Out Tax Rebate Payments?

Find out if you qualify and when checks are slated to go out


Massachusetts is close to finalizing a one-off tax rebate that could see checks reaching eligible residents before the end of September. Individual measures have already cleared both the state House and Senate, and if a bill is signed by Gov. Charlie Baker, individual filers would receive a $250 rebate and married couples who file jointly would get $500.

Baker told reporters on July 8 that he plans to sign the bill, which he hopes is the start of more tax relief efforts, "given that the cost of everything has gone up."

Massachusetts is just one of many states to address rampant inflation and the growing threat of recession with tax rebates and stimulus checks. Florida, for example, is queuing up $450 inflation-relief payments. The federal government is unlikely to send more this year, but at least 17 states have issued or are in the process of sending out payments.

Here's where residents should keep an eye out for tax rebates, who's eligible, how much they can expect to get and when the funds could arrive.

For more info on economic relief, check out plans for statewide child tax credits, as well as gas rebate checks and gas tax holidays across the US.

CaliforniaGov. Gavin Newsom and state lawmakers have agreed to send millions of Californians inflation relief checks as high as $1,050 for a married couple with at least one child. The payments, which are coming out of California's $97 billion budget surplus, will go out as direct deposits or debit cards by 2023, The Sacramento Bee reported, with the first payments going out as soon as October.

How much people receive is based on their income, tax-filing status and household size.
Single taxpayers who earn less than $75,000 a year and couples who file jointly and make less than $150,000 a year will receive $350 per taxpayer and another $350 if they have any dependents. A married couple with children, therefore, could receive as much as $1,050.

Individual filers who make between $75,000 and $125,000 a year -- and couples who earn between $150,000 and $250,000 -- will receive $250 per taxpayer, plus another $250 if they have any dependents. A family with children could therefore receive a total of $750.

Individual filers who earn between $125,000 and $250,000 and couples who earn between $250,000 and $500,000 annually would receive $200 each. A family with children in this bracket could receive a maximum of $600.

Single taxpayers earning $250,000 or above and couples earning a combined $500,000 aren't eligible for the payments.

How to Buy I Bonds (and Take Advantage of Up to 9.6% Interest)

ColoradoState residents who have filed their 2021 return by June 30 will get a check for $750 by September, while joint filers will get $1,500. Filers who received an extension and filed by the Oct. 17 deadline will receive their refund by Jan. 31, 2023.

Delaware

Gov. John Carney signed a bill in April approving $300 stimulus checks to residents who filed their 2020 tax returns. If you filed jointly, each person receives one of the payments, which started going out in May.

FloridaNearly 60,000 Florida families will receive one-time payments of $450 per child, "to offset the costs of rising inflation, especially with a new school year approaching," according to a letter from Republican Gov. Ron DeSantis.

To qualify, families must receive Temporary Assistance for Needy Families (also known as welfare), be a foster parent or a relative or non-relative caregiver or participate in the Guardianship Assistance Program.

You don't need to apply for the benefit, which is being automatically mailed out to eligible recipients. Checks should arrive in time for Florida's "back to school" sales-tax holiday, according to the Florida Department of Children and Families, being held July 25 to August 7.

GeorgiaGov. Brian Kemp signed a bill in March authorizing rebates to taxpayers who filed their state returns for both 2020 and 2021. Sngle taxpayers received $250 in May, with heads of households getting $375 and married couples filing jointly netting $500.

Partial-year residents, those who pay little or no income taxes, or individuals who owe taxes, child support or other payments may have received a smaller rebate. More information is available at the Georgia Department of Revenue website.

Hawaii

Residents who earned under $100,000 in 2021 -- or $200,000 if they file jointly-- will get a $300 tax rebate this year, with dependents eligible for the rebate, as well.

Individuals who earned more than $100,000 and couples who earned more than $200,000 will receive a one-time $100 payout.

According to the state Department of Taxation, payments could begin being mailed out in late August.

IdahoGov. Brad Little signed a bill in February giving $75 to each taxpayer and dependent, or 12% of their 2020 state income tax return, whichever is greater. Checks started going out in March.

You can review the status of your rebate online.

Illinois

Illinois' estimated $1.83 billion relief package, which went into effect July 1, includes income and property tax rebates and a temporary cut in several sales taxes.

Individuals who earned less than $200,000 in 2021 will receive a $50 income tax rebate while couples filing jointly with incomes under $400,000 will receive $100. Filers can also earn $100 per dependent they claimed on their 2021 taxes, up to three dependents. In all, a family of five can earn as much as $400.

Comptroller Susanna Mendoza expects to start cutting checks the week of Sept. 12, the Illinois Department of Revenue told CNET in an email, with distribution finishing roughly eight weeks later.

Democratic Gov. J.B. Pritzker's Family Relief Plan also includes several tax holidays and rebates, including:A suspension of the state's 1% sales tax on groceries from July 1, 2022, through June 30, 2023.
 
Sales taxes for qualified clothing and school supplies will be reduced from 6.25% to 1.25% from Aug. 5 to 14.

A permanent expansion of the earned income credit from 18% to 20% of the federal credit.
Property tax rebates for homeowners earning less than $250,000 -- or $500,000 if filing jointly -- will be available in an amount equal to the property tax credit they qualified for on their 2021 Illinois returns, up to $300.

Indiana

Starting in May, payments of $125 started going out to all residents regardless of income, as a result of Indiana's automatic taxpayer refund law,

Gov. Eric Holcomb is urging lawmakers to send taxpayers an additional $225.


"Hoosiers have real needs right now during this period of high inflation, from the gas pump to buying groceries, and everyone should benefit from the state's success," Holcomb said in a statement in June, the Indianapolis Star reported.

Senate Republicans have pushed back with an alternate plan that would suspend the state sales tax on residential utilities for six months, including the 7% sales tax on electricity, water, gas, internet and phone bills.

Maine

Maine taxpayers who have filed their 2021 state tax returns and have an adjusted gross income of less than $100,000 are eligible for an $850 direct relief payment. Couples filing jointly will receive a single payment of $1,700.


Checks were expected to arrive before mid-July.

Massachusetts The Massachusetts State Legislature is working to provide onetime tax rebates of $250 to eligible individual taxpayers and $500 to married couples.

Eligibility for a rebate, which comes from the state's $3.6 billion revenue surplus, is based on annual income reported in 2021: Taxpayers will have to have earned at least $38,000 and no more than $100,000 for individuals or $150,000 for couples to receive a rebate.


The plan needs to clear the legislature and be signed off on by Republican Gov. Charlie Baker, but checks could go out before the first of October.

Massachusetts already sent $500 stimulus checks to low-income workers in the spring. To qualify, they had to have a household income at or below 300% of the federal poverty level and not have received unemployment compensation in 2021.

Minnesota

Certain Minnesota frontline workers will receive a one-time payment of $750, with applications being accepted through July 22 and checks starting to go out in late July.

Gov. Tim Walz has also called for a special session of the legislature to pass a proposed income tax rebate of $1,000 for individual filers earning less than $165,000 and $2,000 for couples earning less than $275,000.

New Jersey

Gov. Phil Murphy has already signed off on a $500 tax rebate for nearly 1 million New Jersey residents. He has also supported payments to taxpayers who use a taxpayer identification number instead of a Social Security number, which would include nonresident and resident aliens and their families.


In June, Murphy announced a plan to provide more than $2 billion in rebates to approximately 2 million New Jersey households. The plan would offer as much as $1,500 to families who pay property tax, but also benefit renters.

New Mexico

The Land of Enchantment issued $250 rebate checks to state taxpayers in both May and June, for a total of $500. Another rebate is scheduled for distribution in July, though it comes with certain stipulations.Married couples filing joint returns, heads of household and surviving spouses with incomes under $150,000 are all eligible to receive a $500 income tax rebate.
Single filers and married individuals who file separately, meanwhile, are eligible for a $250 rebate if they have incomes under $75,000.

No action is needed: Eligible taxpayers who have or will file their 2021 income taxes before May 1, 2023, will automatically receive the rebates, either via direct deposit or paper check. A third and final round of payments is slated for distribution in August.


New Mexicans who do not file income tax returns can also receive economic relief, but the budget is capped at $20 million, and payments are being distributed on a first-come, first-serve basis: Married couples or single individuals with one or more dependents are eligible for $1,000 and individuals without dependents can receive $500. Applications are available through the New Mexico Human Services Department.

New York

In June, about 3 million New York state homeowners started receiving property-tax rebates of up to $1,050. New York City households, though, are getting an average of $425.

Those who qualify should have automatically been sent a check by the end of June, but details on eligibility are available at the New York State Department of Taxation and Finance website.

Pennsylvania

In July, more than 260,000 older homeowners, renters and people with disabilities started receiving part of a massive $121.7 million payout issued through the Property Tax/Rent Rebate Program.

Eligible residents should visit the MyPath website or file a paper application before the extended deadline of Dec. 31, 2022, with payments coming as a direct deposit or check.

The maximum standard rebate is $650, according to the Department of Revenue, but supplemental rebates for qualifying homeowners can boost that amount to $975. (The department will automatically calculate supplemental rebates for qualifying applicants.)

Check the status of your rebate using the state government's Where's My Rebate? tool, inputting your Social Security number, date of birth and the year you are claiming for.


South CarolinaIncome tax refund checks of up to $800 will be sent out to South Carolina taxpayers starting in late November or December.

Any resident who paid at least $100 in taxes will receive a $100 rebate, with the amount growing based on their tax liability up to the $800 cap per tax filing.

The rebates -- which are issued per person, regardless of whether they filed individually or jointly -- will cost the state about $1 billion.

About 56% of tax returns are expected to get money back, according to the State Revenue and Fiscal Affairs Office.
 
Virginia

After legislation cleared the General Assembly in July, Virginians will receive one-time checks, starting in late September. Individual filers will receive $250, while married couples who file together getting will get $500.
 
Could there be another federal stimulus check?

Analysts say not to count on it, especially since another cash infusion could fuel further inflation.


"Overall, there is no great solution to the inflation problem," Michael Hayes, a professor of public policy at Rutgers University, told The Hill. "Another round of stimulus checks, even if targeted to the lowest income group, would only provide short-term relief at the risk of mid-term/long-term problems."

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