Financial News Headlines | Tuesday, 12 April
– President Biden is expected to allow the sale of E15 gasoline during the summer months to address high gas prices
– IRS tax refunds average at $3,226 so far in 2022, 11.5% higher than last year
– Mortgage interest rates upped to 5 percent by the Federal Reserve with big impact on home buyers
– Housing prices increased by an average of 18 percent across 2021 – what is a house market bubble?
– Changes to Social Security payments could mean a $2,753 monthly check for some households
– Connecticut, Georgia, and Maryland have all suspended state fuel taxes in response to high gas prices
– Social Security benefits have lost 32 percent of their purchasing power since 2000, which organizations are pushing for reforms?
Information and Useful links
Tax Filing Deadline: Monday 18 April 2022
– Need to request an extension?Here is our guide.
– All you need to know about the Earned Income Tax Credit.
– What are the eligibility requirements to register for SNAP.
– Social Security Disability Insurance: an overview of how the program varies by state.
