Working money – Angil http://angil.org/ Fri, 16 Jul 2021 09:47:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 http://angil.org/wp-content/uploads/2021/06/icon-2021-06-29T195041.460-150x150.png Working money – Angil http://angil.org/ 32 32 They came to America to protect themselves. Now they want to stay. http://angil.org/they-came-to-america-to-protect-themselves-now-they-want-to-stay/ http://angil.org/they-came-to-america-to-protect-themselves-now-they-want-to-stay/#respond Fri, 16 Jul 2021 09:02:16 +0000 http://angil.org/they-came-to-america-to-protect-themselves-now-they-want-to-stay/ In 1998, when he was 22 years old, José Villegas left El Salvador for the United States. He spent much of his teenage years avoiding entanglements with the infamous Salvadoran international gang, MS-13. “The crime was getting worse,” Villegas said. “A lot of people, like me, must have escaped the MS-13 because they were still […]]]>

In 1998, when he was 22 years old, José Villegas left El Salvador for the United States.

He spent much of his teenage years avoiding entanglements with the infamous Salvadoran international gang, MS-13. “The crime was getting worse,” Villegas said. “A lot of people, like me, must have escaped the MS-13 because they were still there.”

For Villegas, moving to the United States was an obvious choice. He saw poverty and unemployment everywhere as he grew up in El Salvador, and university graduates there were not always better off – the majority of them often did not find jobs even afterwards. to have completed their studies.

Yehyun Kim :: ctmirror.org

Jose Villegas, left, tends tomatoes in his garden with his youngest daughter, Yulisa Villegas, 10. “Find a job, earn money and have something in the future,” Villegas said. this is what I have. Now I own it.

Villegas, now 45, lives in Hartford with his wife and two children, works in construction and pays the mortgage – safe from the dangers of life in El Salvador, but still without the peace he sought – the peace that comes with becoming a permanent resident.

Villegas and hundreds of thousands of others had their lives in the United States linked to the volatility of their status as “temporary residents”. They have continuously pressured congressional lawmakers to pass legislation that would grant them permanent legal status, but that goal seems increasingly unattainable with the recent Supreme Court ruling to deny green cards to entered immigrants. illegally in the United States.

The Department of Homeland Security grants Temporary Protected Status, or TPS, to people born in countries experiencing an ongoing armed conflict, environmental disaster or epidemic, or other temporary conditions that make living conditions almost unbearable. . Villegas has been on the TPS since President George W. Bush’s administration made the citizens of El Salvador eligible for the TPS in 2001 following a succession of devastating earthquakes.

When the Trump administration removed TPS eligibility for people from Sudan, Nicaragua, Haiti, and El Salvador in 2017, Villegas and about 5,000 other TPS recipients traveled to Washington, DC, to protest as the nascent TPS National Alliance. Today, Villegas is one of the leaders of a Connecticut-based National TPS Alliance team.

For Villegas, pleading for the protections of the TPS community is nothing new. Even though the Supreme Court’s decision to restrict access to green cards for immigrants seeking permanent legal status appears to be a setback, Villegas sees it as a chance for TPS holders to be heard.

“If we still have TPS benefits, it’s because we’ve lived the way the United States wants us to live under the law,” Villegas said. “So many people with long-standing TPS started doing bad things, and obviously they got kicked out. We still have it because we live under the law. We are not criminals.

Villegas, the TPS Alliance and some people from the allied organization 32BJ, a workers’ union, held a vigil in Hartford outside Senator Richard Blumenthal’s office on June 9.

Yehyun Kim :: ctmirror.org

Yulisa Villegas, 10, enjoys the breeze in the back of her father’s truck before the storm hits. Villegas said she was worried about her parents’ visa situation. “I’m scared because I know there is a risk that my parents will be deported,” she said. “I try not to think about it too much, I trust the president to give them all residency.”

Yehyun Kim :: ctmirror.org

Jose Villegas is seated with his wife, Cruz Villegas, and his daughters. “The little ones are the priority for me, because in reality, if I didn’t have the children, my brain would be different,” Villegas said. “I see stories of people who have separated. I don’t want to be in these shoes.

While Villegas and TPS Alliance continue to push for permanent legal status, others have not been so fortunate.

Fausto Canelas, 63, lives in Bridgeport. He came to the United States from Honduras, where he owned a farm, in 1996. Local extortionists took his money and threatened his family.

Canelas and his wife, Miriam, left behind their four children, the eldest now 36 and the youngest 28, in Honduras. “Sadly, we were detained at the border between the United States and Mexico,” Canelas said. “We were deported, but I was sent to Guatemala for some reason. We didn’t have the money to come back together, so I came alone.

Canelas crossed the border and found accommodation with his sister-in-law in Houston, but soon moved to Connecticut to live with his brother in Bridgeport. After a year of working as a janitor in schools and office buildings, he was able to save enough money to send Miriam to live with him. She arrived in the United States just before Hurricane Mitch hit Honduras.

When the Clinton administration designated Honduras for the TPS in 1999 after Hurricane Mitch ravaged much of the country, Canelas and Miriam both managed to get their temporary status. For two years, Canelas continued to work as a janitor at Weston for $ 6 an hour, while Miriam worked at a McDonald’s. Then, in 2001, Miriam returned to Honduras to care for their children, and once again, Canelas was on her own.

Over the past 20 years, he has sent the little money he earns home to support his family, but has only seen them a handful of times. Canelas last saw his family in 2014 when he requested special permission to leave the United States to visit his mother before her death. “Permission was not granted until after his death,” Canelas said.

Like Villegas, Canelas says he has done everything he can to live a safe and law-abiding life in the United States in the hopes that his criminal record will one day make it easier for him to obtain permanent residence. . He still hopes to bring Miriam and their children to live here, Canelas said.

Yehyun Kim :: ctmirror.org

Yulisa Villegas, 10, holds her mother’s hands while watching TV. Jose Villegas said his daughters often ask what happens if the American Dream and Promise Act is not passed and whether they will have to return to El Salvador.

Fortunately, thanks to the union I belong to, 32BJ, I was able to do what I could to try and change my status, such as going to Washington, DC, to speak with Senators and Congressmen about our situation. “Canelas said. “But we managed to do very little.

There are over 400,000 GST holders nationwide who come from a set of 12 eligible countries. According to New American Economy, there are 522,787 immigrant residents in Connecticut, and approximately 3,200 of them have TPS.

The first few months of Joe Biden’s presidency saw many restored protections for GST holders that were removed over the past two years. But there is also an increased urgency for HR 6, the American Dream and Promise Act, to go through the Senate.

The Dream and Promise Act would offer undocumented migrants a path to conditional permanent residence. The law would benefit Dreamers, undocumented immigrants who received protection under the Deferred Action for Childhood Arrivals (DACA) program, but it would also help people with GST. With this law in place, the only condition of permanent residence for both groups would be to receive an education and find a job.

Yehyun Kim :: ctmirror.org

Cruz Villegas, left, sits with his youngest daughter, Yulisa Villegas, 10, watching TV. Cruz works as a waitress on weekends to take care of her children while her husband works during the week. “You have to sacrifice family time to survive,” said Jose Villegas.

According to the Center for Immigration Studies, the Congressional Budget Office estimates that it would cost taxpayers $ 35.3 billion in the first 10 years after the adoption of HR 6. However, according to a 2019 statement from the Center for American Progress, Eligible immigrants own about 1,600 Connecticut homes and pay $ 30.2 million in annual mortgage payments. These households pay $ 249.5 million in federal taxes and $ 135.4 million in state and local taxes each year.

Each year, an estimated $ 856.2 million in purchasing power is generated by immigrant households eligible for protection under HR6, which passed in the House on March 18.

Yehyun Kim :: ctmirror.org

Jose and Cruz Villegas stroke their cat. “There are opportunities for them (their daughters) here,” said Jose. “We just have to support them and give them what we can… If we have permanent status here, we will feel so crowded with ourselves. At the moment, we are stressed.

Blumenthal advocated for the protection of the Dreamers and said he also wanted the TPS community to be protected. “People with TPS deserve a quick and easy path to acquired citizenship,” Senator Blumenthal said in an email.

“Without effective legislative solutions, TPS recipients may be forced to return to the volatile and dangerous conditions in which they first fled. I will continue to be a strong advocate for the passage of bills like the Citizenship Act and the SECURE Act to make the dream of US citizenship a reality for those with TPS status, ”said Blumenthal.


Source link

]]>
http://angil.org/they-came-to-america-to-protect-themselves-now-they-want-to-stay/feed/ 0
Progress on consolidating Crawford County’s 911 dispatch services continues http://angil.org/progress-on-consolidating-crawford-countys-911-dispatch-services-continues/ http://angil.org/progress-on-consolidating-crawford-countys-911-dispatch-services-continues/#respond Thu, 15 Jul 2021 17:15:27 +0000 http://angil.org/progress-on-consolidating-crawford-countys-911-dispatch-services-continues/ Progress continues to be made towards the ultimate goal of consolidating 911 dispatch services in Crawford County. After welcoming new 911 communications director Joanie Best at the end of June, Crawford County Judge Dennis Gilstrap presented the new consolidated budget along with a memorandum of understanding for the operation of the emergency center and distribution […]]]>

Progress continues to be made towards the ultimate goal of consolidating 911 dispatch services in Crawford County.

After welcoming new 911 communications director Joanie Best at the end of June, Crawford County Judge Dennis Gilstrap presented the new consolidated budget along with a memorandum of understanding for the operation of the emergency center and distribution of 911 to the mayors of the region present at the Intergovernmental Council on July 13. meeting held in the building of the county emergency management department.

The new consolidated system operating budget is approximately $ 1,000,614 and includes an allocation rate of $ 2.97 per capita for the county and its nine cities served by the system. The rate for Southwest EMS is based on an average of 8,000 calls per year.

“This new budget will begin on January 1,” Gilstrap said. “We will use funds from the current 911 budget by then. This is a carry-over of $ 800,000.


Source link

]]>
http://angil.org/progress-on-consolidating-crawford-countys-911-dispatch-services-continues/feed/ 0
Thousands of Pratt & Whitney employees working from home permanently http://angil.org/thousands-of-pratt-whitney-employees-working-from-home-permanently/ http://angil.org/thousands-of-pratt-whitney-employees-working-from-home-permanently/#respond Tue, 13 Jul 2021 23:42:00 +0000 http://angil.org/thousands-of-pratt-whitney-employees-working-from-home-permanently/ According to the company, it responds to requests from its employees about where they work and flexibility in the way they work. A hybrid model will be implemented. EAST HARTFORD, Connecticut – Jet engine maker Pratt & Whitney said on Tuesday it plans to “improve the flexibility of local employees” and allow most of its […]]]>

According to the company, it responds to requests from its employees about where they work and flexibility in the way they work. A hybrid model will be implemented.

EAST HARTFORD, Connecticut – Jet engine maker Pratt & Whitney said on Tuesday it plans to “improve the flexibility of local employees” and allow most of its employees to work remotely full or part time .

“Like any organization, we had to adapt quickly to a new normal,” said Chris Calio, president of Pratt & Whitney. “For our office workers, the transition to remote working in March 2020 was disruptive. But it has caused us to rethink the way we do work, giving our employees the most flexibility while preserving collaboration – and we are now carrying those benefits into the future.

According to the Hartford Courant, up to 80% or 6,600 of the 8,250 salaried employees of Pratt & Whitney in Connecticut will work from home. The company says it responds to requests from its employees about where they work and flexibility in the way they work. A hybrid model will be implemented, which means employees can come and go from the office.

While employees are working from home, Pratt & Whitney will create a new designed physical office space and launch new digital technology. TSA | SKY was selected by the manufacturer to design the office space.

“We’re creating a world-class work experience for everyone now and in the years to come,” said Jill Albertelli, Pratt & Whitney’s senior vice president for transformation and strategy. “Our employees not only design the future of aviation, but also the future of the way we work. It looks different because it’s different and it’s a big culture change for the company. However, this change offers a unique opportunity to redefine where work is done, how we collaborate with our colleagues and to offer flexibility to our employees.

HERE ARE MORE WAYS TO GET FOX61 NEWS

Download the FOX61 News app

iTunes: Click here to download

Google play: Click here to download

Stream live on ROKU: Add the channel from the ROKU store or by searching FOX61.


Source link

]]>
http://angil.org/thousands-of-pratt-whitney-employees-working-from-home-permanently/feed/ 0
Who should buy a house in 2021, and who should wait? http://angil.org/who-should-buy-a-house-in-2021-and-who-should-wait/ http://angil.org/who-should-buy-a-house-in-2021-and-who-should-wait/#respond Mon, 12 Jul 2021 11:21:46 +0000 http://angil.org/who-should-buy-a-house-in-2021-and-who-should-wait/ Should I buy a house now? It’s no secret that the housing market is hot right now. Still, that hasn’t stopped homebuyers. Despite rising house prices, low supply and near constant bidding wars, Americans are buying homes in record numbers. According to the National Association of Realtors, more homes were purchased in 2020 than any […]]]>

Should I buy a house now?

It’s no secret that the housing market is hot right now. Still, that hasn’t stopped homebuyers.

Despite rising house prices, low supply and near constant bidding wars, Americans are buying homes in record numbers. According to the National Association of Realtors, more homes were purchased in 2020 than any year since 2006.

Should you follow suit and buy your dream home now? Or does it make sense to wait until the market has cooled down? Let’s dive in.

Check your eligibility to buy a home (July 12, 2021)


In this article (Skip to …)


Benefits of buying a house in 2021

It may seem like today’s real estate market is all bad news: rising prices, falling affordability, etc. But there are definitely some advantages to buying a home right now.

Low interest rates increase affordability

On the one hand, mortgage rates are low. According to Freddie Mac, interest rates on 30-year loans were on average 2.96% in May 2021. Just two years ago? This average was well above 4%.

Economists expect rates to continue rising this year and next. They could exceed 3.25% or even 3.5% by the end of the year.

Suppose you buy a house worth $ 400,000. With a down payment of 20% ($ 80,000), you have a mortgage loan of $ 320,000.

Here’s how your savings might compare to today’s low mortgage rates compared to projected rates for late 2021:

Amount of the loan $ 320,000 $ 320,000
30-year fixed rate1 2.96% 3.50%
Monthly mortgage payment $ 1,340 $ 1,440
Total interest paid (30 years) $ 163,200 $ 197,300

1Interest rates are for illustrative purposes only. Your own mortgage rate will be different

The result is a more affordable monthly payment, lower long-term interest charges, and a larger home purchase budget (or, often, all three).

Rising home values ​​create equity

Buying now also allows you to take advantage of record growth in home prices.

Prices have risen by more than 15% in the past year, offering even newer owners serious profits when they decide to sell. Buying now would give you a chance to capitalize on this growth and really build your capital quickly.

There are many mortgage options

Buyers today can choose from a wide variety of no-down or low-down mortgage options to make home buying more affordable.

Yes, you may have to pay for private mortgage insurance (PMI) if you put less than 20 percent. But that’s not always a bad thing.

Putting in less money can help you buy sooner and take advantage of rising home values, rather than waiting to save 20% and chasing higher purchase prices later.

And, it saves you more money on closing costs, home repairs, emergency funds, and other expenses that are sure to come up for a new homeowner.

Check your eligibility to buy a home (July 12, 2021)

Disadvantages of buying a house in 2021

The disadvantages of buying a home in today’s market are many.

Low level of stocks

The inventory is extremely low which means slim choices and a very high rate of bidding wars. This drives up house prices and makes buying a home – not to mention buying a home – even more difficult.

In a seller’s market like this, it’s common for bidders to exceed the asking price. And you may need to do the same if you are hoping to get a new home this year.

Competition from spot buyers

On top of that, there is also a serious increase in the number of cash buyers to be concerned about.

These can be very tempting for home sellers, offering a sure-fire sale, quick close, and other practical benefits, especially over mortgaged deals.

Unfortunately, according to ATTOM Data Solutions, cash offers now represent more than a quarter of all home purchases.

But that doesn’t mean mortgage borrowers are out of luck. There are several strategies you can use to compete with a cash offer. At the end of the day, the vast majority of buyers are still using a home loan – and so are you.

Stricter mortgage standards

Mortgage lenders have raised the bar for home buyers during the coronavirus pandemic.

Due to the increased financial risks, lenders wanted to see higher credit scores, larger down payments, and often substantial cash reserves in order to qualify for a mortgage. This has made it more difficult for many first-time home buyers to obtain a home loan.

These standards are starting to relax as the pandemic subsides. But mortgages are still not as easy to find as they were in early 2020.

On top of that, some sellers are less likely to accept FHA and VA loans these days. So, if you are considering using this type of financing, hire a rock solid real estate agent and loan officer to help make sure the deal goes through.

Is it cheaper to buy a house or to rent?

Buying a home now is not the right choice for everyone. In many parts of the United States, renting a home is actually more affordable than buying one.

On average, the cost difference between buying and renting is around $ 600 per month, according to a recent study. In some markets, it can be as high as $ 1,200.

In addition, house prices are also rising faster.

As rents begin to recover after falling amid the pandemic, home prices have jumped more than 15% in the past year alone, far more than the 5% growth rate seen on properties. single-family rental.

Of course, this is not universal.

The comparison depends on local home prices, location, and the size of the property you are considering. So be sure to use the numbers for your market before making your decision. A good real estate agent can help you here.

And keep in mind that leasing doesn’t offer a return on your investment.

While higher mortgage payments make home ownership more expensive, some of that money goes back to your pocket in the form of home equity. Renting, on the other hand, does not generate any return for the tenant.

So, rather than just looking at costs, be sure to factor in your long-term financial goals. Will buying a home help you get there?

Who should buy a house now?

Still not sure if buying a home is the right decision in today’s real estate market?

The best decision really depends on your budget, your professional situation and where you are located.

Generally speaking, buying a house (at least at the moment) is best reserved for people who meet at least one of these conditions:

  • Having the budget to pay above the asking price, which is often necessary to win a bidding war
  • Are able to pay cash for the purchase of their home
  • Live in an area with low demand for home purchases and more manageable prices
  • Work from home and have the opportunity to move to a lower cost housing market
  • Are willing to consider distressed properties (not those that are ready to move in) that may require a little more work

If you don’t fit into any of these categories and are considering buying a home, talk to your financial advisor first. They can help you make the right decision for your personal finances and budget.

Who has to wait for next year?

If you are truly determined to buy a home, there are ways to do it.

Still, it might not be the best solution if you fall under one of these umbrellas:

  • You would need to really stretch your budget to afford today’s prices
  • You should buy a house that does not meet your needs or that would require too much sacrifice because of the price
  • You can’t qualify for a good mortgage rate, which would mean paying even more for your home in the long run
  • The market in which you want to buy is particularly hot or competitive, which means it would be very difficult to find a home that you can afford.

In the above scenarios, it might be better to wait for the current real estate boom.

At some point, home prices will stabilize and competition will decrease. This will make it easier both to find accommodation and to stay within your budget.

How to know if you should buy a house in 2021

If you are considering buying a home in today’s crazy market, be sure to carefully consider your budget, local home prices and availability, and your needs as a buyer.

If you’re not sure what the best shot is, consult a pro. Your financial advisor, loan officer, local real estate agent, or tax advisor can all help you make the right decision for your household.

Check your new rate (Jul 12, 2021)


Source link

]]>
http://angil.org/who-should-buy-a-house-in-2021-and-who-should-wait/feed/ 0
West Virginia Working Families Party, WV Citizen Action Group Host “WV Summer Jam” in Morgantown http://angil.org/west-virginia-working-families-party-wv-citizen-action-group-host-wv-summer-jam-in-morgantown/ http://angil.org/west-virginia-working-families-party-wv-citizen-action-group-host-wv-summer-jam-in-morgantown/#respond Sat, 10 Jul 2021 22:14:42 +0000 http://angil.org/west-virginia-working-families-party-wv-citizen-action-group-host-wv-summer-jam-in-morgantown/ MORGANTOWN, W.Va. – Since June 28th, West Virginia Working Families Party (WFP), SEIU 1199 WV / KY / OH, WV Citizen Action Group, and the WV New Jobs Coalition have hosted a statewide concert series called the WV Summer Jam : Democracy, Jobs, and Care-a-van Tour. The goal is to bring together the community in […]]]>

MORGANTOWN, W.Va. – Since June 28th, West Virginia Working Families Party (WFP), SEIU 1199 WV / KY / OH, WV Citizen Action Group, and the WV New Jobs Coalition have hosted a statewide concert series called the WV Summer Jam : Democracy, Jobs, and Care-a-van Tour.

The goal is to bring together the community in support of the For The People Act, THRIVE Act, and Jobs and Care in infrastructure policy. That was the case in Morgantown on Saturday, July 10, when the Summer Jam stopped by Pleasant St. to spread the message of the Working Families Party. Maurice Mitchell, the national director, said they just wanted people to know that there’s a movement out there that focuses on the rights of the working man.

Maurice mitchell

The Working Families Party is a national political movement of everyday people who believe that our politics should work for the many, not the few. And what we do is we recruit everyday people, so union members, teachers, activists and put them in positions where they could run for office on the local statewide and congressional level; in order to ensure that our politics are accountable to the interests of everyday working people.

Maurice Mitchell – National Director, Working Families Party

The Summer Jam, Mitchell said, was the perfect way to get people interested in and learning more about the WFP.

That’s because it brings together musicians, artists, and “just everyday people” to demonstrate that they care about their communities, Mitchell said. They can demonstrate to politicians in Washington, DC that they care about jobs, infrastructure and the care economy.

People listening to a speaker talk during the Summer Jam

“We know that in the time of COVID us caring for each other is more important than other than ever,” Mitchell said. “So many of us are caring for elders or caring for young people and there’s an opportunity to invest in that, and we want to bring all of those things together.”

The WFP is also bringing people together, to let politicians, such as Sen. Joe Manchin, know that they have the chance to deliver “historic investments” in local communities, Mitchells said.

Investments, he said that could bring a ballpark of 50,000 jobs to the state through things like the THRIVE Agenda.

A banner encouraging people to contact their West Virginia US Senators

“That’s all about ensuring that those investments in infrastructure actually get to West Virginians and unlock all the power of working people,” Mitchell said. “That’s what’s on the agenda right now and Joe Manchin has an opportunity, a historic opportunity, to be able to negotiate for West Virginians those precious resources. But, it’s going to mean that he’s going to have to be a leader in Washington to do so. And so, this is an opportunity to show that everyday folks in Morgantown and all across West Virginia believe in the idea that government can work for us and that infrastructure could work for us. ”

The Summer Jam is specific to West Virginia.

It started in Huntington, then it was off to Beckley, Parkersburg, Hinton and now, Morgantown. After that, it will stop in Shepherdstown on July 11 from 4-7 pm at Morgan’s Grove Park. Ultimately, it ends with a day trip to Washington, DC in order for the West Virginia WFP to take its message to lawmakers directly.

Local teacher speaks during Summer Jam

Just because other states are not doing the Summer Jam does not mean the WFP reach is limited to West Virginia, Mitchell said.

“We’re doing events all over the country,” he said. “This is something specific to West Virginia, but we’re doing events all over the country raising awareness because working people everywhere want the same things. So, working people in West Virginia, actually, want things very similar to working people in Pennsylvania, or working people, you know, all across the country. We want dignity. We want good jobs, right? We want jobs where we could bring home money in order to support our families. ”

People listening to a speaker on Saturday

If you are interested in the WFP and would like to get involved and or learn more, it’s easy, Mitchell said.

“If people care about making sure that politics work for them, then they should come join us at the Working Families Party. They should text “WV”, for West Virginia, to 30403. And that’s the best way that they could get involved in events like this that’ll happen now and all throughout the summer. ”


Source link

]]>
http://angil.org/west-virginia-working-families-party-wv-citizen-action-group-host-wv-summer-jam-in-morgantown/feed/ 0
Unemployment Tax Refund Delay: Here’s What You Need To Know About Your IRS Money http://angil.org/unemployment-tax-refund-delay-heres-what-you-need-to-know-about-your-irs-money/ http://angil.org/unemployment-tax-refund-delay-heres-what-you-need-to-know-about-your-irs-money/#respond Fri, 09 Jul 2021 18:00:07 +0000 http://angil.org/unemployment-tax-refund-delay-heres-what-you-need-to-know-about-your-irs-money/ The IRS recalculates the unemployment benefit taxes and sends letters with the amount. Angela Lang / CNET Your tax refund has not yet arrived for the unemployment benefits you paid tax on this year? If this is the case, be aware that the IRS is experiencing a backlog that is delaying sending your money. The […]]]>

The IRS recalculates the unemployment benefit taxes and sends letters with the amount.

Angela Lang / CNET

Your tax refund has not yet arrived for the unemployment benefits you paid tax on this year? If this is the case, be aware that the IRS is experiencing a backlog that is delaying sending your money. The refunds are a tax break for 2020 unemployment compensation under the US bailout, which excluded the first $ 10,200 of 2020 unemployment benefits – or the first $ 20,400 for married couples filing jointly – To be taxed as income.

But the IRS is working to catch up on adjustment returns for the millions of Americans who filed and paid taxes on unemployment benefits before the law was passed. On June 4, the IRS said it had sent more than 2.8 million refunds and announced a second batch “mid-June.” A month has passed and many taxpayers have not received their money, and calls to the IRS go unanswered. There is a lot of angst shared on discussion platforms such as Reddit and Twitter.

We will continue to monitor the situation for you and update this story regularly. Below, we’ll show you how to check your IRS account online for clues as to the status of your refund. As with other unemployment news, here’s what you need to know about states ending unemployment. $ 300 weekly bonus and who offer return to work bonuses. What if you are a parent expecting your first child tax credit payment on July 15th, we can tell you how these payments could affect your taxes Next year.

9 details you need to know about IRS tax refunds on unemployment benefits

The IRS began sending refunds to taxpayers who received unemployment benefits last year and paid taxes on the money at the start of the reporting season. After some delays in the rollout, many individual filers started seeing deposits to their checking accounts from May 28, with 2.8 million refunds made in the first week of June.

The IRS has said the next round of refunds for single filers will come out in “mid-June,” but those payments have yet to be officially confirmed. More complex returns (such as those with dependents) were expected to take longer. The IRS hasn’t released a new timeline for unemployment compensation and has recently focused on rolling out the newly expanded child tax credit, which begins this month.

Here’s what you need to know:

  • The tax break is for those who earned less than $ 150,000 in adjusted gross income.
  • The amount of $ 10,200 is the income exclusion amount for single tax filers, do not the amount of the reimbursement. The amount of reimbursement will vary per person depending on overall income, tax bracket and amount of income from unemployment benefits.
  • Not everyone will be reimbursed. The IRS can seize the refund to cover past due debt, such as unpaid federal or state taxes and child support.
  • Refunds began to flow in May and will be made in batches throughout the summer as the agency assesses the tax returns. More complicated returns may take longer to process.
  • The IRS performs the recalculations in two phases, starting with single filers who are eligible for tax relief of up to $ 10,200. It will then adjust returns for married taxpayers filing jointly who are eligible for tax relief of up to $ 20,400.
  • If the IRS determines that you are entitled to a refund on unemployment tax relief, it will automatically correct your return and send a check or deposit the payment into your bank account.
  • Refunds will be issued as a direct deposit if you provided bank account information on your 2020 tax return. Otherwise, the refund will be mailed as a paper check to the address the IRS has on hand. .
  • You do not need to file an amended return to claim the exemption. (Here’s how track the status of your tax return and reimburse online.) Some who have used tax software like TurboTax have reported seeing their refund amount change due to the unemployment refund, although they haven’t seen a check yet.
  • The IRS will send you a notice explaining the corrections within 30 days of the correction.


Now playing:
Check this out:

Answers to your tax questions in 3 minutes


3:26

Check your IRS unemployment reimbursement status today. here’s how

The IRS says eligible people should have received Form 1099-G from their state unemployment agency showing in Box 1 the total unemployment benefits paid in 2020 (if you didn’t, you should request one online). Some states may issue separate forms based on unemployment benefits – for example, if you have received Federal Pandemic Unemployment Assistance, or PUA.

One way to know if a refund has been made is to wait for the letter the IRS sends to taxpayers whose returns are corrected. These letters, issued within 30 days of the adjustment, will tell you if it resulted in a repayment or if it was used to offset a debt. The IRS says not to call the agency.

The IRS’s online tracking apps, aka the Where’s My Refund Tool and the Amended Return Status Tool, likely won’t provide information on the status of your unemployment tax refund. The only way to see if the IRS has processed your refund online (and for how much) is to view your tax records.

Here’s how to check online:

1. Visit IRS.gov and sign in to your account. If you haven’t opened an account with the IRS, it will take some time as you will need to take several steps to confirm your identity.

2. Once logged into your account, you will see the Account Home page. Click on View tax records.

3. On the next page, click on the Get the transcript button.

4. Here you will see a drop-down menu asking why you need a transcript. To select Federal tax and leave it Client file number empty field. Click it Go button.

5. The next page will show your Restore the transcription, Account statement statements, Account transcription and Salary and income Transcription since four years. You will want it 2020 account transcription.

6. This will open a PDF of your transcript: Focus on the Transactions section. What you are looking for is an entry listed as Refund issued, and it should have a date at the end of May or June.

If you don’t have it, it probably means the IRS hasn’t obtained your return yet.

Details We Still Don’t Have About IRS Unemployment Tax Refunds

The IRS has provided only limited information on taxes and unemployment benefits on its website. We still don’t know exactly the payment schedule or how to contact the IRS if there is a problem with your tax relief refund.

Here’s what we know about how to contact the IRS for dunning control issues. To learn more about stimulus payments and emergency aid, here is information on child tax credit up to $ 3,600 per child and details on who qualifies.



Source link

]]>
http://angil.org/unemployment-tax-refund-delay-heres-what-you-need-to-know-about-your-irs-money/feed/ 0
Planet Fitness opens new gym in Bloomfield Center Village http://angil.org/planet-fitness-opens-new-gym-in-bloomfield-center-village/ http://angil.org/planet-fitness-opens-new-gym-in-bloomfield-center-village/#respond Thu, 08 Jul 2021 12:04:44 +0000 http://angil.org/planet-fitness-opens-new-gym-in-bloomfield-center-village/ The village of Bloomfield has come a long way since its time as a mostly vacant lot. This is the newest addition? A place to burn those quarantine pounds. Northville-based PF Michigan Group has opened its 52nd Planet Fitness franchise located in the mall on the Pontiac / Bloomfield Township border. Much of the center, […]]]>

The village of Bloomfield has come a long way since its time as a mostly vacant lot. This is the newest addition? A place to burn those quarantine pounds.

Northville-based PF Michigan Group has opened its 52nd Planet Fitness franchise located in the mall on the Pontiac / Bloomfield Township border. Much of the center, located at 1935 S. Telegraph, has many features that most users would find at any other Planet Fitness, including cardio machines, weights, as well as locker rooms and a lounge. those who pay for the black card chain fitness.

“Functional training is definitely the most unique thing I have at my clubs,” said Samantha Markey, regional manager who oversees several Planet Fitness clubs in the area. “There is a lot of space, a lot of privacy, everything you need is there.”



Source link

]]>
http://angil.org/planet-fitness-opens-new-gym-in-bloomfield-center-village/feed/ 0
Credit Suisse’s $ 500 million banker persuaded to stay http://angil.org/credit-suisses-500-million-banker-persuaded-to-stay/ http://angil.org/credit-suisses-500-million-banker-persuaded-to-stay/#respond Wed, 07 Jul 2021 07:22:00 +0000 http://angil.org/credit-suisses-500-million-banker-persuaded-to-stay/ Christian Meissner made a name for himself facing an exodus of talent at Bank of America in 2010, which may be one of the reasons Credit Suisse promoted him to head its bank of investment six months ago. And it looks like he might start stemming the flood at CS as well. While the situation […]]]>

Christian Meissner made a name for himself facing an exodus of talent at Bank of America in 2010, which may be one of the reasons Credit Suisse promoted him to head its bank of investment six months ago. And it looks like he might start stemming the flood at CS as well. While the situation is still volatile – according to the WSJ, a number of GMs and co-heads of the industry have left in the past two weeks – it looks like Niron Stabinsky, “Mr. SPACs” will remain.

In any battle plan to defend this investment banking franchise, this would likely have been one of the crucial lines in the sand. Operation SPAC is one of Credit Suisse’s crown jewels, having apparently generated $ 500 million in fees so far this year. If CS had been shown to be unable to retain the team leader, in addition to seriously altering the income line, it would have sent a signal that nothing was off limits; the brand damage to customers and employees would have been severe.

Looks like the line has held. The WSJ suggests that Jefferies (who has already taken almost the entire financial institution group) was just one of many potential contenders, but “people familiar with the matter” say Stabinsky is staying and an attempt on the part Wells Fargo’s raid the banking and capital markets teams in the technology industry also “fizzled out.”

The “people” are not familiar enough with the matter to know how much Mr. Meissner had to pay to win this battle, but it could have been cheap at the price. Money is by no means the only thing at stake in these hiring battles. At this level, everyone is hungry for the long haul and realizes that their true net worth will be defined by the next two decades of activity, not the one-year package.

So in fact, and somewhat paradoxically, the biggest cost in retaining rainmakers may be the cost of hiring new ones. When a top banker decides to stay or leave, they tend to be quite clear-headed in their assessment of management’s commitment to the franchise as a whole. The fact that CS was able to bring in Kyle Heroman of the US M&A team of Piper Sandler, ranked No. 1 by FIG, and Kyle Berry of Morgan Stanley to cover commercial services was probably important, as it demonstrates that the will to rebuild is there.

Bankers have a variety of different motivations – some of them want to be seen as a potential future CEO, some want to be kept out of management and close deals, and some of them just want to feel loved. . (The last of these is not to be underestimated; many major job changes have taken place because someone forgot to write a thank you note). But they all want to be sure that they are working for a company that will continue to be a player on the big stage. Christian Meissner must keep this belief alive.

Elsewhere, there’s a dusty old joke about the manager complaining that 40% of all sick days are Mondays and Fridays, but some JP Morgan bankers might find that a little less funny this year. While other companies offering flexible part-time work follow Lazard’s model and block the midweek three days as the time when everyone should be together, some JPM teams have learned otherwise – only in case where part -time working remotely is allowed, they must always be in the office on Monday and Friday.

It seems, to be blunt, a bit like being mean for fun. But it does reflect an apparent attitude of some banks that although bankers complain about inflexibility, few will actually change jobs because of it. – At JPMorgan, turnover is apparently at normal levels despite all the grumbling about getting back to the office. Historical experience suggests that bankers have a terrible habit of using their willingness to endure unpleasant working conditions as a selling point or hazing ritual. After all, although Manolo Falco claims he hopes to use Citi’s relatively generous work-from-home policy as a recruiting advantage, is he really going to be impressed by someone who cites this as the main reason for wanting to do it? to work ?

Meanwhile …

Fallout has continued elsewhere since the Archegos case, as Nomura has stopped offering cash brokerage services in the United States and Europe and has given its clients six months to find a new supplier. It is unclear why they are closing and handing in regulatory clearance rather than looking for a buyer, but it looks like they might aim to continue serving some customers with other products. (Bloomberg)

If you want to do business in Hollywood, you have to be a little Hollywood yourself. A profile of Aryeh Bourkoff, founder of the LionTree media industry M&A boutique. It is famous for its face to face pitch meetings, an extremely exclusive annual conference and for being a face in the crowd at every high profile party all over the world. He started out by rejecting 40 of 45 deals as a credit analyst at UBS, which made every banker hate him until all 40 of them went bankrupt. (Hollywood reporter)

A former BoA ​​compliance official was sentenced to jail time in Hong Kong after an incident during the 2019 unrest (Washington Post)

Top-tier companies hire for fixed income in Africa South of the Sahara; Citi aims to add 100 employees, while Goldman intends to compete for the top spots in the DCM underwriting. (Bloomberg)

Andre Kelleners is the new European head of mergers and acquisitions for Goldman Sachs, a position opened since Mark Sorrell’s promotion last year (Financial News)

Do you think you may have forgotten how to have a drink with colleagues? Here are some tips from the Wall Street Journal, although they cite favorably the example of someone who spun two glasses of wine in four hours, so their style might not be yours. (WSJ)

Do you have a confidential story, tip or comment you would like to share? Contact: sbutcher@efinancialcareers.com in the first place. Whatsapp / Signal / Telegram also available.

Please indulge us if you leave a comment at the bottom of this article: all of our comments are human moderated. Sometimes these humans may be asleep or away from their desks, which may take some time for your comment to appear. Ultimately, it will – unless it’s offensive or defamatory (in which case it won’t.)


Source link

]]>
http://angil.org/credit-suisses-500-million-banker-persuaded-to-stay/feed/ 0
Here’s how to identify and control a spending problem http://angil.org/heres-how-to-identify-and-control-a-spending-problem/ http://angil.org/heres-how-to-identify-and-control-a-spending-problem/#respond Mon, 05 Jul 2021 14:15:01 +0000 http://angil.org/heres-how-to-identify-and-control-a-spending-problem/ Buyers in San Francisco. David Paul Morris | Bloomberg | Getty Images Vaccinations against Covid-19 are increasing, states are dropping their restrictions in the event of a pandemic, and Americans are feeling good going out and spending a year after spending mostly indoors. “We’re now coming out of a cave, basically, and there’s a lot […]]]>

Buyers in San Francisco.

David Paul Morris | Bloomberg | Getty Images

Vaccinations against Covid-19 are increasing, states are dropping their restrictions in the event of a pandemic, and Americans are feeling good going out and spending a year after spending mostly indoors.

“We’re now coming out of a cave, basically, and there’s a lot of emotion around it,” said Susan Greenhalgh, a certified financial advisor who runs Mind Your Money in Providence, Rhode Island.

Indulging yourself, especially after surviving the coronavirus pandemic, is fine as long as you do it within your budget and comfort zone, Greenhalgh said. But for those who aren’t careful, the momentum of finally being able to resume normal activities after the pandemic could lead to a hangover in the months to come.

To combat this and keep your budget under control, here are some red flags that financial experts recommend watching for a spending problem, and what people can do about it.

More Investing in you:
How To Find Your Best Spending Rate In Retirement
Childcare costs, lack of paid leave hold back many working parents
What you need to know before you start investing

You accumulate debt

An early sign that you might have a spending problem is that you are taking on debt, especially on high interest credit cards.

This is of particular concern if you suddenly find that you can’t make a full payment at the end of the month, have to reduce the amount you owe, or can’t even pay the minimum amount, according to Jacqueline Schadeck, a certified financial expert based planner. in Atlanta.

Of course, it’s likely that credit card balances will increase after a year without spending much to get out, Greenhalgh said.

“We were kind of getting used to very low credit card statements every month, and now they’ve gone up dramatically,” she said.

Having a higher bill a month isn’t an immediate cause for concern, but it’s something to watch for future credit cycles and consider if you need to restore your budget, she said.

Your credit score suddenly drops

Another thing to watch out for that could indicate you’re spending beyond your means is a sudden drop in your credit score.

This is because one component of the score is your credit usage, which is how much you spent against your total limit. As you take on debt, your credit usage will increase and your credit score might drop to reflect that, Greenhalgh said.

“If all of a sudden you put travel, clothes and restaurants on [your credit card] and you don’t think about it, don’t be surprised if your credit score drops, ”she said.

You let your emotions guide your spending

After a year of not doing a lot of the things we’d like to do, it can be tempting to let our emotions get the best of you and spend limitlessly. This can be particularly difficult in a context of uneven recovery, where the pandemic has been beneficial or neutral for some Americans but very damaging for others.

“You see some people have problems because of this because they use the expense as a way to just get accepted and keep up,” said Adam Blum, registered psychotherapist and founder of the Gay Therapy Center. He added that this has been particularly noticed as a problem among gay men.

“When we pass out and don’t think about what we are doing, it is more likely that we will make mistakes that we regret,” said Blum.

You tried to budget or limit spending, but you’re having trouble

Of course, some things after the pandemic will cost more due to inflation and crowded supply chains.

If your expenses are increased as a result of this, it may be unwanted, but it’s not necessarily a problem, said George Blount, financial therapist and managing partner of nBalance Financial in Cambridge, Massachusetts.

On the flip side, if your spending has gotten out of hand, it’s a red flag, he said. And, if you’ve tried budgeting using a system or product that just isn’t working for you, that’s also a cause for concern.

“You have to use the tools and you have to use them effectively,” Bloun said.

Additionally, if you’re making a lot of money but just don’t know where it’s going, it could signal overspending, according to Schadeck.

We’re now coming out of a cave, basically, and there’s a lot of emotion around it

Susan greenhalgh

accredited financial advisor at Mind Your Money LLC

The solution? Conscious spending

To solve a spending problem, financial experts recommend that you become familiar with the details of where your money is going and the emotions behind the purchases.

“I always encourage people to be careful with their money,” Greenhalgh said. It means watching their spending for a few months in a row, she said.

Set aside some quiet time with your bank account and credit card statements and really see where the money is going, she said. Then assess what you feel good about and what you are not so happy about. This could include comparing expenses with a pre-pandemic budget, identifying any changes in expenses, and correcting the course if necessary.

Being connected to where you spend can help you form new habits, she said.

If you’re still having trouble spending, or think it could be related to emotions you’re having trouble controlling, seeking help from a therapist or financial therapist can help you with these issues.

You can also do certain exercises such as checking your emotions before making a purchase, Blum said.

“Everything we do has an emotional component, and if we don’t know what it is, we’re sort of operating at a loss, we’re stuck,” he said. By asking yourself why you are making a purchase before you swipe your credit card, you can become more aware of and address the emotional component.

SUBSCRIBE: Money 101 is an 8-Week Financial Freedom Learning Course, delivered weekly to your inbox.

CHECK: How To Make Money With Creative Activities From People Making Thousands On Sites Like Etsy And Twitch Via Grow with Acorns + CNBC.

Disclosure: NBCUniversal and Comcast Ventures are investors in Tassels.


Source link

]]>
http://angil.org/heres-how-to-identify-and-control-a-spending-problem/feed/ 0
Some Chinese Avoid Grueling Careers for a “Low Desire Life” http://angil.org/some-chinese-avoid-grueling-careers-for-a-low-desire-life/ http://angil.org/some-chinese-avoid-grueling-careers-for-a-low-desire-life/#respond Sun, 04 Jul 2021 03:36:42 +0000 http://angil.org/some-chinese-avoid-grueling-careers-for-a-low-desire-life/ BEIJING (AP) – Fed up with stress at work, Guo Jianlong quit a newspaper job in Beijing and moved to the mountains in southwest China to “lie flat”. Guo has joined a small but visible handful of Chinese urban professionals who are shaking the ruling Communist Party by rejecting grueling careers for a “life without […]]]>

BEIJING (AP) – Fed up with stress at work, Guo Jianlong quit a newspaper job in Beijing and moved to the mountains in southwest China to “lie flat”.

Guo has joined a small but visible handful of Chinese urban professionals who are shaking the ruling Communist Party by rejecting grueling careers for a “life without desire.” It flies in the face of the party’s message of success and consumerism as it celebrates the 100th anniversary of its founding.

Guo, 44, became a freelance writer in Dali, a town in Yunnan province known for its traditional architecture and scenic landscapes. He married a woman he met there.

“The job was okay, but I didn’t like it very much,” Guo said. “What’s wrong with doing your own thing, not just looking at the money?” “

“Lay flat” is a “resistance movement” to a “cycle of horror” from high-pressure Chinese schools to jobs with seemingly endless working hours, wrote novelist Liao Zenghu in Caixin, the economic magazine on most important of the country.

“In today’s society, our every move is watched and every action criticized,” Liao wrote. “Is there a more rebellious act than just ‘lying flat’?”

It is not known how many people have gone so far as to quit their jobs or to leave the big cities. Judging by the crowded rush-hour subways in Beijing and Shanghai, most young Chinese people are struggling to find the best possible jobs.

Yet the ruling party is trying to deter the trend. Beijing needs skilled professionals to develop technology and other industries. China’s population is aging and the pool of working-age people has shrunk by around 5% from its peak in 2011.

“The struggle in itself is a kind of bliss,” the party published Southern Daily said in a comment. “Choosing to ‘lie flat’ in the face of pressure is not only unfair but also shameful.”

The trend echoes similar trends in Japan and other countries where young people have adopted anti-materialist lifestyles in response to bleak job prospects and deadly competition for dwindling economic rewards.

Official data shows China’s economic output per person has doubled over the past decade, but many complain that the gains have mostly gone to a handful of tycoons and state-owned enterprises. Professionals say their incomes are failing to keep up with soaring costs for housing, childcare and other costs.

As a sign of the political sensitivity of the question, four professors quoted by the Chinese press speaking of “staying flat” refused to discuss it with a foreign journalist.

Another possible sign of official discontent: T-shirts, cell phone cases and other products on the theme of “Lie Flat” are disappearing from online sales platforms.

Urban workers complain that working hours have been reduced to 9 9 6, 9 am to 9 pm, six days a week.

“We generally think slavery is gone. In fact, it only adapted to the new economic era, ”said a woman who writes under the name Xia Bingbao, or Summer Hailstones, on the social media service Douban.

Some elite graduates in their twenties who should have the best job prospects say they are exhausted from the “exam hell” of high school and college. They don’t see the point in making more sacrifices.

“Chasing fame and fortune doesn’t attract me. I’m so tired,” said Zhai Xiangyu, a 25-year-old graduate student.

Some professionals shorten their careers, which removes their experience from the employment pool.

Xu Zhunjiong, head of human resources in Shanghai, said she resigned at 45, a decade before the legal minimum retirement age for women, to move with her Croatian-born husband to her homeland.

“I want to retire earlier. I don’t want to fight anymore, ”Xu said. “I go to other places.

Thousands of people have expressed frustration online after the Communist Party announced in May that official birth limits would be relaxed to allow all couples to have three children instead of two. The party has imposed restrictions on births since 1980 to curb population growth, but is concerned that China, with per capita economic output still below the world average, needs more young workers.

Within minutes of the announcement, websites were inundated with complaints that the move did nothing to help parents cope with childcare costs, long working hours, cramped housing, discrimination at work against mothers and the need to care for elderly parents.

Xia writes that she moved to a valley in Zhejiang Province, south of Shanghai, for a “life without desires” after working in Hong Kong. She said that despite having a high-level job as an English-speaking journalist, her rent devoured 60% of her income and that she had no money at the end of each month.

She rejects the argument that “flat” young people give up economic success when it is already out of reach for many in an economy where the gap is widening between a wealthy elite and the majority.

“When resources are increasingly focused on the few in charge and their relatives, labor is cheap and replaceable,” she writes on Douban. “Does it make sense to entrust your destiny to small alms from others?” “

Xia declined an interview request.

Guo, Dali’s writer, said he spends more hours as a freelance writer than in a newspaper. But he’s happier and life is more comfortable: he and his wife have breakfast on the airy balcony of their sixth-floor apartment with a view of the trees.

“As long as I can continue to write, I am very satisfied,” Guo said. “I don’t feel suffocated.

A handful that can afford it will get out of the job almost entirely.

A 27-year-old architect in Beijing said she started saving as a teenager to achieve financial freedom.

“From last September, when I saw that my total savings had reached 2 million (yuan) ($ 300,000), I lay down,” said the woman, who would only give Nana’s name, in an interview on his social network account.

Nana said she turned down a job that paid 20,000 yuan ($ 3,000) per month because of the long hours and what she saw as limited opportunities for creativity.

“I want to be free from inflexible rules,” Nana said. “I want to travel and have fun.

___

Fu reported from Bangkok. Associated Press researcher Chen Si in Shanghai contributed to this report.


Source link

]]>
http://angil.org/some-chinese-avoid-grueling-careers-for-a-low-desire-life/feed/ 0