What’s happening with the Child Tax Credit?
Monthly CTC payments ended, regular CTC resumes It’s been seven months since families across the country received the last monthly Child Tax Credit (CTC) payment. Since then, households received the latter half of those payments in a lump sum as part of their tax refund this year. Much like you, we wish the monthly payments…
Read MoreSingle mother, her kids ‘living hand to mouth’ since CTC payments stopped
Tiffaney is a full-time accountant who lives with her two boys in Winter Park, Florida. Now that her family isn’t getting the monthly Child Tax Credit payments, Tiffaney and her boys, De’Juan (10) and DJ (2), are “living hand to mouth” trying to financially stay afloat. She received the latter half of the Child Tax…
Read MoreExpanded renter tax credit could help hard-working, single father and his family
Terry is an Aerospace Machinist and single father who lives with one of his kids and his mother in Ontario, CA. Even though he’s in the top five percent of his field as a government contractor and says he should be getting paid more, he makes between $35,000 and $37,000 a year. According to Terry,…
Read MoreRent in California? You could benefit from this tax credit
What tax credit? If you rent your home in California for at least six months of the year and make less than $43,533 (single filer) or $87,066 (filing jointly), you are eligible for the annual California renters’ credit. Today, the renters’ credit is $60 for single filers and $120 for joint filers. When the yearly…
Read MoreBlack History Month: Breaking Barriers to Build Black Wealth
This Black History Month, we are highlighting Black financial leaders who have broken barriers to create a more equitable future. We will also explore aspects of the racial wealth gap. Throughout history, Black people have faced systemic barriers to building generational wealth that prevented Black families from achieving financial security. Despite limited access to financial…
Read MoreHow to get legal help this tax season
There are so many tax time-related acronyms that it can be tough to keep track of everything. Whether you’re looking for free tax help or legal assistance to deal with the IRS, here are two resources you may find useful: VITA sites can help you file your taxes, while LITCs can help you with legal…
Read MoreBuild Back Better: 7 Ways It Could Have Helped in 2022—and Beyond
We’re disheartened to hear that talks of the Build Back Better Act (BBB) have stalled for now. While Congress continues to debate the specifics, there’s one thing we can all agree on: investing in our communities is good for everyone. At SaverLife, we believe that everyone deserves to have equitable opportunities to build financial security…
Read MoreDon’t Delay — Sign up for Affordable Health Insurance Today!
SaverLife is committed to supporting members like you however we can. No one should be left without health insurance in times like these. We’ve got your back. SaverLife has partnered with Health Sherpa (again!) to bring members like you affordable, quality health insurance that will benefit you and your wallet. The Open Enrollment Period is…
Read MoreBuild Back Better Ensures Investment in Families
In July, we witnessed a new chapter in our country’s history. Direct payments of the Child Tax Credit (CTC) reached millions of families across the country and help was on the way for families with children who were struggling to pay for groceries, rent, or utilities, build rainy day funds, afford child care, and meet…
Read MoreNeed Help Paying Rent and Utilities?
Since the COVID-19 pandemic started, we know it’s become even more difficult to pay for rent and utilities. That’s why the Consumer Financial Protection Bureau (CFPB) developed an online, mobile-friendly tool that’s especially meant to help those who are impacted the most by high housing costs: small landlords, women, and people of color (POC). 11…
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