IRS Restores $20,000 Threshold for Form 1099-K Reporting
The Internal Revenue Service (IRS) reinstated the reporting threshold for Form 1099-K to its pre-2021 levels on October 23, 2023. This decision comes under the provisions of the One Big…
Florida Faces Potential Costs as Food Stamp Eligibility Changes
Florida’s food stamp program may soon face significant financial implications as eligibility requirements change for recipients. Starting October 1, 2027, under the recently enacted One Big Beautiful Bill Act signed…
Kevin Kincaid Discusses Impact of One Big Beautiful Bill Act
Kevin Kincaid, the Chief Executive Officer of Knoxville Hospital and Clinics, recently shared insights on the potential impact of the One Big Beautiful Bill Act on rural hospitals. In a…
Kaleida Health Shuts Down Two Buffalo Clinics Amid Federal Cuts
Kaleida Health, one of the largest healthcare systems in Western New York, announced the closure of two Buffalo Therapy Services clinics due to significant federal healthcare cuts. The facilities, located…
Medicaid Cuts Spark Outcry from Families and Advocates
Recent votes in Congress have ignited significant concern among families regarding proposed cuts to Medicaid. These reductions, encapsulated in the controversial One Big Beautiful Bill Act, are poised to impact…
Trump Administration’s Environmental Policies Transform Daily Life
The environmental policies enacted by the Trump administration are having a profound impact on daily life in the United States. Over the past six months, a series of regulatory rollbacks,…
Lisa Murkowski Questions Trump’s Commitment After Clean Energy Deal
US Senator Lisa Murkowski (R-AK) has expressed concerns that she may have been misled by the Trump administration regarding key energy legislation. In a recent statement, she noted, “I feel…
IRS Raises Jackpot Handpay Limit, Impacts Gamblers on Las Vegas Strip
URGENT UPDATE: The IRS has just raised the jackpot handpay reporting limit from $1,200 to $2,000, a significant move for gamblers on the Las Vegas Strip. This change comes amid…
Trump Signs Sweeping Legislation Amid July 4 Celebrations
President Donald Trump signed the extensive “One Big Beautiful Bill Act” during a festive July 4 ceremony at the White House. The legislation, which encompasses significant spending and tax reforms,…
Minnesota Counties Face Property Tax Hikes Amid Federal SNAP Funding Shift
WASHINGTON — A federal reconciliation bill moving through Congress could lead to significant property tax increases across Minnesota’s 87 counties, despite its authors promoting potential tax savings. The bill, known…