The Work and Family Mobility Act allows state residents to obtain a driver’s license regardless of their immigration status. However, it will still require them to provide proof of their identity, furnish data such as birth date and Social Security status, and demonstrate they are Massachusetts residents. Additionally, the new law requires drivers to leave … Read more
NC Medicaid uses a preferred drug list (PDL) to help reduce costs and ensure that medications are safe, effective, and used as prescribed. A PDL is a list of medications that have been recommended by the Pharmacy and Therapeutics Committee to be the best options for specific medical conditions or treatments. The goal is to … Read more
MI Bridges provides Michigan residents with a more effective way to navigate available services. It offers a variety of benefits, including the ability to report changes in case status, upload documents, and see letters from MDHHS. The system also allows users to choose a Navigator and add resources. It can also connect them to local … Read more
The debt-to-income ratio, or DTI, is a number lenders use to gauge whether you can afford your loan payments. Generally, the lower your DTI, the more likely you are to be approved for credit or loans. The DTI formula is simple: add up your monthly debt payments and divide that amount by your monthly gross … Read more
When you have a retirement account, Your money is invested in a variety of different assets that offer varying levels of risk and return. You are not required to pay taxes on the funds you contribute until you withdraw them in retirement. There are many types of retirement accounts, and you may use multiple throughout … Read more
Protecting Americans from Tax Hikes (PATH Act) is an important piece of legislation that helps to reduce identity theft and individual tax return fraud. It also gives the IRS more time to examine claims for certain tax credits. This allows the IRS to catch fraudulent claims by individuals not eligible for these tax credits or … Read more
California Sales Tax Rate is 7.25%, making it the country’s highest statewide rate. However, some businesses in the state may have to pay other taxes, including a county tax and a local tax. These additional taxes can be confusing for businesses to understand. Most of the money generated from the sales and use tax goes to … Read more
The IRS Form 926 is used to report property transfers to a foreign corporation. It is usually completed with an income tax return and must be filed by the due date. Although Form 926 is not required for all transfers to a foreign corporation, it is important to know its rules. Failure to file Form … Read more
It is so easy to understand Estimated Tax and how it works. You do not have to make estimated taxes if you do not owe any tax. However, if you expect to owe more than $500 in taxes for the current year, you may need to make estimated payments. Online payment of IRS Estimated Tax is the … Read more