Economy

IRS Boosts 2022 Standard Deductions for Inflation Relief (1)

IRS Boosts 2022 Standard Deductions for Inflation Relief

The good news is that taxes are going up. The tax deduction for married couples filing jointly has gone up to $25,900. It was $25,000 before. For single people and people who are married but not filing jointly, the deduction went up to $12,950, and for heads of households, it went up to $19,400! The …

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Biden Administration Urges Schools to Provide COVID-19 Shots, Info for Kids (2)

Calling All Cny Nonprofits: Share Your Needs for The Holidays and Beyond

Many charities are feeling the effect of the pandemic that hit Central New York. It has been almost a year and a half since it first started. Many resources are in short supply, not just at grocery stores or retail shops, but also at these organizations. At the end of the year, these organizations will …

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The Battle Over Biden’s Child Tax Credit and Its Impact on Poverty and Workers (1)

The Battle Over Biden’s Child Tax Credit and Its Impact on Poverty and Workers

A big question for lawmakers and presidents is: What will happen if we do this new thing? It is hard to understand economics and taxes. A change in the economy should raise the incomes of Americans, but if it is not put properly into effect, it can have bad effects. Policymakers rely on economists to …

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Elon Musk Faces a $15 Billion Tax Bill, Which Is Likely the Real Reason He’s Selling Stock (1)

Elon Musk Faces a $15 Billion Tax Bill, Which Is Likely the Real Reason He’s Selling Stock

Elon Musk has a tax bill of more than $15 billion. That is a lot of money. He might have to sell his Tesla stock this year, even if the Twitter vote says no. Musk asked his 62.7 million followers on Twitter if he should sell 10% of his Tesla holdings. He thinks that people …

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Municipal Unemployment Continues to Drop

Municipal Unemployment Continues to Drop

People are looking to hire workers in the Albany region. They are advertising more. Starting wages have gone up, and sign-on bonuses may be offered too. In September, the unemployment rate in the Hudson Valley was 4.3%. This is the lowest it has been since the pandemic hit. More and more municipalities had an unemployment …

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Workplace Access Pilot Spawns First Public Transit Program in Wayne County

Workplace Access Pilot Spawns First Public Transit Program in Wayne County

Wayne County now has a new way to get to work and other places. It is affordable. On October 4th, SARTA started to offer transportation to people who live in Wayne County for just $2.50 for a one-way ride. Wayne County Transit (WCT) is a kind of bus service. You can ride them even if …

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Pelosi Tries to Rev House Dems After Season in the Ditch

Pelosi Tries to Rev House Dems After Season in the Ditch

Democrats got a good idea this week of what will happen if they lose the midterm election. They are trying to turn things around before it is too late. House leaders went inside the Capitol on Friday. They were optimistic because they thought they had enough votes to vote on two important bills for us …

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House Passes $1T Infrastructure Bill with Crypto Tax for Biden's Approval

House Passes $1T Infrastructure Bill with Crypto Tax for Biden’s Approval

The government wanted to improve the network and internet coverage. The bill was proposed by the Biden administration. The United States House of Representatives just passed a $1.2 trillion bill to improve the nation’s infrastructure. The bill would require all citizens to report their crypto-taxes if President Joe Biden signs it into law. The infrastructure …

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Roads, Transit, Internet What’s in The Infrastructure Bill

Roads, Transit, Internet: What’s in The Infrastructure Bill

This law will help make our roads, bridges, ports, rail transit, safe water, and power grids. It will also help give people access to the internet. On Friday night, the House passed a bipartisan plan. On Saturday, Biden said he would wait until Congress comes back from recess to sign it. The new law will …

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Democrats Are Seeking Largest Ever Investment in Affordable Housing (1) (1)

Oregon to Receive $3.4 Billion from Federal Infrastructure Bill

Oregon will receive $1.6 billion that it can use for infrastructure investments. They just got it from the new public works bill that Congress approved late Friday night. After the bipartisan Infrastructure Investment and Jobs Act was approved by the U.S. House, Oregon’s congressional delegation released what our state will get from it. The bill …

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