April 13, 2021

federal

WATCH NOW: ‘Is this right?’ New federal law drives down health insurance costs in marketplace | Govt. and Politics

5 days ago

Last week, Torres-Barrera called “out of the blue” and suggested that LeBlanc resubmit her application to the marketplace. The result? Her monthly premium fell from $339 to $209 a month, a monthly savings of $120.

“I feel for people who don’t have support,” she said.

The Kaiser Family Foundation estimates that the new law will expand health coverage to 3.7 million uninsured Americans, an increase of 20%. The estimated average savings range from $33 a month for someone who earns less than 150% of the poverty level ($19,320 for an individual), to $213 a month for someone with an income

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Insurance agency’s team wins Safe Harbor Title Invitational at The Federal Club

1 week ago

 

Buoyed by incredible weather and a captain’s choice format, the foursome from local insurance agency Lyons & Associates took home bragging rights on Monday after winning BizSense’s first Safe Harbor Title Invitational golf event.

Lyons’ score of 17-under was the best among the 25 foursomes that played the one-day tournament at The Federal Club in Hanover County.

Federal Club general manager Carl Filipowicz and his crew had the par 72 course in excellent shape, helping Tim Lyons, Matt O’Laughlin, Chris Kapsak and Ryan Cole finish the course in 55 strokes.

Coming in second with a 13 under par 59 was

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Texas schools have yet to get any extra federal stimulus money

1 week ago

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For more than a year, the federal government has been pumping billions of dollars into school districts across the country to help them meet the demands of the pandemic. Most states have used that pot of stimulus funds as Congress intended: buying personal protective equipment for students and teachers, laptops for kids learning from home, improved ventilation systems for school buildings to prevent virus transmission and covering other costs.

But in Texas, local schools have yet to see an extra

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Personal finance experts encourage filing your federal taxes before extended deadline

2 weeks ago

BRYAN, Texas (KBTX) – Despite the June 15 extension for Texans to file their federal income taxes, experts say you should still file as soon as possible.

“I’m of the mind that knowledge is power,” said Jeanette Pavini, “so if you are going to be getting money back, if you’re going to be having to owe a little bit more money, I think it’s better to know sooner than later.”

Pavini is a savings expert and author of the new book, The Joy of $avings.

She said most Americans will receive returns on their taxes this year and it’s

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Federal health insurance programs are now ‘essential’ during future shutdowns, OPM says

2 weeks ago

It’s official now. Employees and annuitants will have greater peace of mind about their federal health insurance benefits during future government shutdowns.

Under new regulations, which the Office of Personnel Management finalized Friday, federal employees will no longer see major disruptions to their federal health and life insurance benefits during future government shutdowns.

The new regulations follow a draft policy that OPM released and opened for pubic comment last summer.

The new policy implements certain provisions of the 2020 National Defense Authorization Act, which instructed OPM to make certain federal health and life insurance services “essential” under the Antideficiency

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Big Companies Like FedEx and Nike Paid No Federal Taxes

2 weeks ago

Just as the Biden administration is pushing to raise taxes on corporations, a new study finds that at least 55 of America’s largest paid no taxes last year on billions of dollars in profits.

The sweeping tax bill passed in 2017 by a Republican Congress and signed into law by President Donald J. Trump reduced the corporate tax rate to 21 percent from 35 percent. But dozens of Fortune 500 companies were able to further shrink their tax bill — sometimes to zero — thanks to a range of legal deductions and exemptions that have become staples of the tax

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