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One-quarter of Americans would rather spend an evening doing homework than their taxes, according to new research.<br/><br/>A survey of 2,000 Americans split evenly by generation (500 Gen Z, 500 millennials, 500 Gen X and 500 baby boomers) revealed that they’d also rather dissect a frog (14%), take the SATs (11%) or take a calculus exam (9%).<br/><br/>The survey, conducted by OnePoll on behalf of the banking app Chime, also asked respondents how much practical information they learned in school and found that Americans feel like they only use half (52%) of the information they were taught in their adult lives. <br/><br/>This may also be why 55% admit that they rely on Google more than their formal education, with the average American searching five basic questions each day.
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US Realty Training
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We Grow People
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Police announced on Friday that they are investigating Angela Rayner over the controversy surrounding her house sale.The bombshell development came after Labour’s deputy leader has faced weeks of questions over whether she paid the required tax when she sold her home.
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Lancaster VITA
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ehowfinance
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Federal Benefit Helping , Low-Income Households , Afford Internet Coming to an End.<br/>CNN reports that next month, low-income <br/>Americans face a crisis that threatens millions <br/>of households with economic distress.<br/>The United States government says that <br/>it can only pay about half of what it owes <br/>on a popular federal benefits program.<br/>The Federal Communications Commission (FCC) announcement <br/>represents the first tangible impact of Congress' failure <br/>to extend the Affordable Connectivity Program (ACP).<br/>The pandemic-era benefit provides <br/>monthly discounts on internet service <br/>for over 23 million households in the U.S.<br/>As a result of dwindling funds, <br/>April will be the last month <br/>households can receive full benefits. .<br/>In May, ACP will only be able to <br/>provide 46% of the normal benefit <br/>payments before ending entirely in June.<br/>The end of the program means that millions of <br/>people will have to choose between paying <br/>for internet, housing and food.<br/>According to the FCC, Internet service providers (ISPs) <br/>could decide to close the gap for millions of households <br/>that will be impacted by the program coming to an end.<br/>We encourage providers to <br/>take efforts to keep consumers <br/>connected at this critical time, FCC statement, via CNN.<br/>The FCC went on to add that ISPs could offer discounts, low-cost <br/>internet plans or take other measures to ensure that service is <br/>not interrupted for millions of low-income Americans.
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LawShelf
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Regional Income Tax Agency
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The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.
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The Tax Geek
⏲ 7 minutes 30 seconds 👁 2.8K
Heresy Financial
⏲ 18 minutes 58 seconds 👁 48.9K
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