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In our live blog this Wednesday, April 6, we bring you all the latest financial news from across the USA
Many people in the United States are finding that they are having to watch their spending at present due to the increased gas prices and the rise in inflation, but there are some programs being offered by both federal and state governments to try and help as many citizens as possible.
In our live blog this Wednesday, April 6, we will highlight the latest benefits programs that have been introduced to provide support to Americans.
More social security checks should be making their way in the mail to you, and will be sent on the second, third, and fourth Wednesdays according to birth dates.
Should the checks not be enough for people to meet their basic needs then they could also be eligible for the SSI program.
Read more here about COLA Social Security.
Federal student loan payments were due to restart on May 1, but Joe Biden wants to delay that until August 31, but how will that affect those in college?
There are almost seven million loans which have been defaulted on, which means they are a minimum of 270 days late. And those given loans will thus not be asked to make any repayments until after August 31.
Read more here about student loan pause.
After Musk bought a stake in Twitter which made him the largest single shareholder in the social network, what will happen to Dogecoin, as many thought it would mean a jump in value for the cryptocurrency.
Musk has been a proponent of crypto and Tesla announced that they would accept Dogecoin as a method of payment.
Read more here about Dogecoin and Elon Musk.
Some graduates in the USA might be able to have their student loan debt wiped away if some requirements are met.
One of the main criteria is that this can only occur after a 10-year period in which 120 payments have been made.
Read more here about student loan forgiveness.
The rise in inflation in the USA has led to multiple states looking to send out stimulus check-style payments to their citizens, given that some states have a budget surplus.
There are five states that have so far introduced tax breaks for their residents, while the Gas Rebate Act of 2022 has been signed by three governors.
Read more here about inflation stimulus checks.
Any parents who are having to pay out for child care in the USA can receive some financial support via the Child and Dependent Care Credit.
So long as you are a parent who is having to look after a child under the age of 13 but have to go to work, you could be eligible.
Read more here about the Child and Dependent Care Credit.
The state of Georgia has a budget surplus and that has resulted in Gov. Brian Kemp opting to sign into law the House Bill 1302, which will benefit those people who filed income tax returns in the 2020 and 2021 tax years.
There is a 250 dollar check for single filers and those who are married but filing separately, while there is a 375 dollar payment for the head of household and a 500 dollar check for couples who are married and filing jointly.
Read more here about the Georgia tax rebate refund.
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