Posts Tagged With: Poor
Ala. Senate approves tax credit to help poor areas
A report from Boston.com: MONTGOMERY, Ala.—The Alabama Senate has approved legislation that gives state tax credits for investing in businesses in low-income areas. The Senate voted 31-0 Tuesday night for a bill that piggy backs on federal legislation that uses tax breaks to spur investment in poor neighborhoods. The bill provides companies with an 8.3 &hellip Continue reading
The top credit cards for poor credit
A report from Mirror.co.uk: If you’ve got a poor credit rating or no credit history at all, some credit cards could help you become more attractive to lenders Bad/no credit history: some credit cards are designed for people with credit problems AP We’re big fans of 0% credit cards and cashback cards too. And there’s &hellip Continue reading
NEW: Michigan poor families to pay more in taxes as corporate taxes fall
A report from The Morning Sun: By JERRY WOLFFE@jerrywolffe Changes in the Earned Income Tax Credit will cost poor families nearly $ 700 a year more in taxes, a study released Thursday said. The state’s poor will pay more taxes while tax rates for corporations in the state were sharply lowered, according to a study &hellip Continue reading
The Credit Conundrum: Improving Poor Credit When You Need Good Credit to Do It
A report from Go Banking Rates: It’s a lot like being stuck in one big catch-22: Trying to improve poor credit, when you need good credit to improve poor credit, which can prevent you from obtaining good credit, can make for a confusing cycle that’s as utterly dizzying as it is frustrating. If you’ve been &hellip Continue reading
Ala. House OKs bill tax credits to poor areas
A report from Boston.com: Opponents expressed concern the credits would take away money earmarked for Alabama schools. Rep. James Buskey, D-Mobile, said it would help in some blighted urban neighborhoods in Mobile and Birmingham. He said it couldn’t hurt. “There’s no economic development taking place in those areas,’’ Buskey said. But Rep. Alvin Holmes, D-Montgomery, &hellip Continue reading
Capital One Balance: How even poor credit borrowers can now grab a 0% rate …
A report from This is Money: By Clare Francis, Moneysupermarket Last updated at 5:32 PM on 24th February 2012 Comparison website Moneysupermarket specialises in getting under the bonnet of financial products. In a guest column for This is Money, the website’s editor, looks at a rare interest-free deal for those without strong credit histories: the &hellip Continue reading
Quinn urges poor, working families to apply for earned-income tax credit
A report from The Republic: CHICAGO — Gov. Pat Quinn is encouraging poor and working families to apply for a tax break aimed at helping them keep more of what they earn. Quinn signed the earned-income tax credit into law last month. He visited a Chicago tax assistance center Saturday to spread the word about &hellip Continue reading
Many miss tax credit for working poor
A report from Kitsap Sun: A huge group of tax filers out there deserves bigger tax returns, according to the Internal Revenue Service. In its annual campaign, the IRS and its partners are reminding working people who don’t make great money they might qualify for the Earned Income Tax Credit. But they have to claim &hellip Continue reading
Earned Income Credit provides tax break for the poor
A report from Santa Cruz Sentinel: WATSONVILLE – If you’re one of the more than 20,000 Santa Cruz County families making less than $ 50,000 a year, Uncle Sam may have a nice surprise for you at tax time. Through the federal Earned Income Tax Credit, you may be eligible for a refund of up &hellip Continue reading
Quinn signs bill to double tax credit for poor
A report from Chicago Tribune: Low-income families across Illinois will get a little extra cash in their pockets under a measure Gov. Pat Quinn signed into law Tuesday that doubles a tax credit for the working poor. The increase to the state’s earned income tax credit will be phased in over the next two years. &hellip Continue reading