low-paying but essential jobs that most U.S.-born Americans won’t, like caring for children, the sick and the elderly. And they can boost the country’s innovation and productivity because they are more likely to start their own businesses and obtain patents. ...
There are three federal unemployment benefit programs available – but not for long. They're set to end on Sept. 6. It has been estimated that approximately 7.5 million Americans are at risk for losing federal unemployment benefits. Those three federal unemployment benefit programs are: Pandemic U...
Employers also pay a percentage of their employees' Federal Insurance Contributions Act (FICA) taxes, which is another 7.65%. And you may need to provide office space, equipment, and training, which can cost up to an additional 15% of that person's salary. Here's how these costs break do...
There are other taxes you might have to pay, such as federal, state and local. Preparing self-employment taxes isn’t an easy process, so hiring a tax professional is recommended. If you’re self-employed, you are responsible for saving enough money to pay your taxes because ...
Find out what resources are available.Many companies offer a “severance package” to employees who have been laid off. While they won’t last forever, the benefits of a severance package can relieve some of the stress and financial strain of an unexpected job loss. The standard package conta...
Direct Fileis a free IRS program for filing a federal tax return online. For tax year 2024 (filing in 2025), Direct File is open to eligible taxpayers in 25 states: Alaska, Arizona, California, Connecticut, Florida, Idaho, Illinois, Kansas, Maine, Maryland, Massachusetts, Nevada, New Hampsh...
These countries offer residency options that are easy to qualify for. Kathleen PeddicordJan. 16, 2025 Pay Off Your Mortgage in Retirement? While every retiree’s situation is different, experts say clearing mortgage debt is preferable, but not always advised. ...
Dawn PapandreaJan. 27, 2025 Equifax to Pay $15 Million to CFPB Federal income tax returns are due on April 15, but there are several other important dates to remember throughout the year. Kimberly LankfordJan. 27, 2025 Every 2025 Tax Deadline You Need to Know Load MoreNews...
Federal employees who chose to stay in CSRS do not have money deducted from their paychecks for social security, and they do not earn social security benefits through their federal employment. However, some CSRS employees may be eligible for other social security benefits, either through a spouse...
Additionally, members of Congress enjoy the sameThrift Savings Plan (TSP)as all other federal employees, which is similar to a401(k). Congressional contributions are matched up to 5% of salary per year, in addition to an extra 1% giveaway regardless of how much the congressperson contribute...