Federal and state funding agencies are preparing for a significant reduction in resources dedicated to homelessness programs, with projections indicating a potential $200 million decrease in funding by 2026. This anticipated cut marks a sharp departure from previous years of increased investment aimed at addressing homelessness across major cities and rural communities. The potential reduction...

The landscape of U.S. tax policy is undergoing a significant shift as the federal government prepares for the 2026 tax year. Central to this transformation is the scheduled elimination of several widely utilized deductions, including the popular $3,000 charitable deduction. This change is expected to impact millions of taxpayers, altering the way they plan their...

Millions of Americans who rely on Affordable Care Act (ACA) subsidies to make health insurance affordable could face a significant financial hit if federal tax credits expire at the end of the year. Current subsidies, designed to reduce premiums for low- and middle-income individuals, have played a crucial role in expanding coverage since their expansion...

As federal policymakers propose substantial reductions to the Medicaid program, approximately five million Americans could find themselves at heightened risk of losing vital health coverage. The proposed cuts, totaling an estimated $X billion over the next fiscal year, threaten to reshape access to healthcare for some of the nation’s most vulnerable populations. This development comes...

Washington County has received approximately $3,413 in new tax relief funds, stemming from recent legislation enacted during the Trump administration. This allocation is part of a broader effort to provide targeted financial support to local governments and communities affected by federal tax reforms. The funds are intended to assist in infrastructure projects, public safety initiatives,...

Legislative changes have recently increased the Senior Tax Deduction in the United States, providing a significant financial boost for Americans aged 65 and older. The deduction, which previously allowed qualifying seniors to claim up to $4,000, has now been raised to $6,000 per year. This adjustment aims to ease the tax burden on seniors, many...

Recent changes to the SALT (State and Local Tax) deduction regulations could translate into potential savings of $1,240 or more for many taxpayers, particularly those in high-tax states. The updated guidelines, implemented through federal tax reforms, aim to provide relief for middle- and upper-middle-class households by adjusting the limits on deductible state and local taxes....

Immigrant households across the United States are facing significant reductions in their Supplemental Nutrition Assistance Program (SNAP) benefits, with some losing up to $4,000 annually. This shift stems from new federal policies that tighten eligibility criteria, especially targeting households with mixed immigration statuses. Advocates warn that these cuts could deepen food insecurity among vulnerable populations,...

The 2025 transit benefit cap has been officially set at $325 per month, marking a significant update for millions of commuters nationwide. This cap, which limits the amount employers can exclude from taxable income when providing transit benefits, reflects ongoing efforts to promote sustainable transportation while balancing fiscal policies. For employees relying on public transportation...

As federal funding for the Women, Infants, and Children (WIC) program approaches its expiration date, concerns are mounting among thousands of beneficiaries and advocates about the potential loss of vital nutritional support. The current funding is scheduled to run out in just a few weeks, threatening to eliminate approximately $440 in monthly assistance for eligible...