Out Of Work Americans Get Extended Benefits

Friday, November 21, 2008, 12:39 AM | Leave Comment

Late Thursday, Nov. 20, 2008, Congress passed a legislation to extend the period of government assistance to unemployed Americans. The bill, which was already approved by the House, is expected to be quickly signed by President Bush. In all states, the benefits have been extended by 7 weeks. In some states, where the unemployment rates […]

How Students Can Qualify For Free Money

Thursday, November 20, 2008, 1:23 AM | 1 Comment

If you are a student, free money, also called grants, scholarships, or gift aid, is the best kind of financial aid because you don’t have to pay it back. Of course, there is a limited amount of money. Research shows that only about 50% of all college students get any of this free money. Still […]

2009 Inflation Adjustments Expand Tax Brackets and Benefits

Wednesday, November 19, 2008, 10:14 AM | Leave Comment

If you are working and your employer offers health benefits including flexible health benefits account where a certain amount is deducted before taxes like 401(k), it is time to recalculate your estimated tax return. If you have to do some adjustments, now may be a good time. For 2009, personal exemptions and standard deductions will […]

2008 Inflation Adjustments Widen Tax Brackets

Wednesday, November 19, 2008, 10:13 AM | 2 Comments

For 2008, personal exemptions and standard deductions will rise, tax brackets will widen and workers will be able to save more for retirement, thanks to inflation adjustments announced today by the Internal Revenue Service. If you have to do some adjustments, this may be a good time to do them. By law, the dollar amounts […]

IRS Seeks To Return $266 Million To Americans

Wednesday, November 19, 2008, 9:22 AM | Leave Comment

On Oct. 23, 2008, IRS posted this news about IRS Seeks to Return $266 Million. The Internal Revenue Service is looking for taxpayers who are missing more than 279,000 economic stimulus checks totaling about $163 million and more than 104,000 regular refund checks totaling about $103 million that were returned by the U.S. Postal Service […]

IRS Hunting 17,000 New Yorkers For Stimulus Checks

Wednesday, November 19, 2008, 8:31 AM | 6 Comments

On October 24, 2008, New York Daily News ran a story about IRS hunting 17,000 New Yorkers owed $13.8M in refund, stimulus checks. NY Daily News has a database with all the 17,000 plus names stored in it. So if you are a New Yorker and live in one of the 5 boroughs of New […]

AIG To Pay $503 Million To Top Execs

Tuesday, November 18, 2008, 11:44 AM | Leave Comment

Last Friday, Nov. 14, 2008, Washington Post reported news about AIG to Pay Millions To Top Workers by Carol D. Leonnig. I have a comment or two about that. First of all Carol D. Leonnig considers the top executives, the so-called C-level executives, as workers. They are not workers. I am a worker and so […]

Watch Movies For A Buck

Monday, November 17, 2008, 2:48 PM | Leave Comment

You don’t have to rent movies from expensive joints. Movie night at home is a lot cheaper now. You can rent a movie tonight at these locations: Red Box You can rent a movie for a night at your local supermarket at Red Box kiosk for a buck. They have more than 8,000 vending machines […]

Generation Debt: How Our Future Was Sold Out

Friday, November 14, 2008, 2:13 AM | Leave Comment

I just finished reading a book called Generation Debt: How Our Future Was Sold Out for Student Loans, Bad Jobs, NoBenefits, and Tax Cuts for Rich Geezers–And How to Fight Back (Paperback) by Anya Kamenetz. It’s a very interesting and educational book. I thought it was fitting that I mentioned it here. Anya writes about […]

Good News For Consumers

Thursday, November 13, 2008, 8:51 AM | Leave Comment

The government has abandoned the original centerpiece of its $700 billion rescue effort for the financial system and will not use the money to purchase troubled bank assets. On Wednesday, Nov. 12, 2008, Treasury secretary, also know as the Bailer-In-Chief, Mr. Paulson said 40 percent of U.S. consumer credit is provided through selling securities that […]