Ja rise in the cost of living in the United States has forced many people to watch their spending, with the effect of inflationthe Covid-19 pandemic and The Russian invasion of Ukraine all contribute to the difficult times that many Americans are currently going through. Some schemes have been introduced by state governments to try to help people when it comes to paying for their essentials including gas stimulus checks, inflation stimulation payments and more.
In this live blog we will have the latest news and financial information coming out of the USA.
Recession alarm among investors
A real concern of the US stock market is directly related to the bond market.
On this occasion, an alarm signal is launched on a possible inversion of the yield curve of the American Treasury bonds, which, for 60 years, would be the unequivocal sign of a recession to come.
One way to interpret this inverted yield curve is that it is a sign that investors are more worried about the immediate future than the long term.
Gas prices: Which states have the most expensive gas?
Gas prices in the United States continue to soar as the war in Ukraine continues. Here are the five states with the highest gas prices:
The value of bitcoin is recovering
The value of the world’s largest cryptocurrency partially recovered its value, rising 4.41% to $46,499.29.
Elon Musk is convinced that Putin is “significantly richer” than him
According to records, in 2021 the richest man in the world is Elon Muskhowever, depending on who holds this distinction, the reality is different, and beyond the official figure of the Tesla CEOif there were official documents in the world, this distinction should go to the Russian president Vladimir Poutine.
“I think Putin is significantly richer than me,” Musk said.
Read the full article HERE.
Donation of Millions of Cryptocurrencies Keeps Ukraine Standing
The defense against Russian troops is also generated from outside Ukrainian territory and passes through the spirit of solidarity of thousands of people who respond to the call of President Volodymyr Zelensky by obtaining millions of dollars in donations for their compatriots who remain in the country.
Learn more about cryptocurrency donation keeps Ukraine alive
Dogecoin vs Shiba Inu: Which will hit $1 price first?
Since last year, the fear of several investors that the pandemic will have devastating effects on the economies of the most powerful nations in the world has caused them to seek refuge for their investments and, as an alternative, they have found it in some crypto -currencies which, although in a few months they provided a surprising return, at the end of the year it fell sharply, producing a bittersweet taste in those who believed in values such as Dogecoin and Shiba Inu, to name a few examples.
Learn more about these cryptocurrencies
IRS Form 4868: How to Obtain a Tax Extension in 2022?
The deadline for filing federal income tax returns is April 18, 2022. If you need more time, you can get an automatic income tax extension by filing IRS Form 4868. This gives you up to until October 17, 2022 to file your taxes.
We understand that this could be a very complex topic if you’ve never done it, and even if you have, navigating the forms and the process can be quite difficult. Let us give you some helpful tips to make your job easier.
Learn more here at the IRS form
Georgia Tax Refund: How does this additional state income tax refund work?
Georgia experienced a revenue surplus, allowing for an income tax refund.
After Governor Brian Kemp signed a repayment plan on Wednesday, you may soon see more money in your account. He would hand out over a billion dollars to Georgian taxpayers.
Learn more here on how to qualify and apply.
How does the Federal Solar Tax Credit work?
Homeowners in the United States have the opportunity to get a 26% discount on the cost of installing sonar energy on their home as part of the federal solar tax creditalso known as investment tax credit (ITC).
There is no income limit for this credit and you must own the solar power system – you cannot rent it. Also, it must not have been on your house when you bought it.
Learn more here about the federal solar tax credit.
When will SS checks be deposited in April?
Social Security Beneficiaries in the U.S. aren’t too far off from receiving their money for April, but they’ll want to know when it’s expected to arrive via direct deposit so they can plan accordingly.
There will be three rounds of payments sent in April, and your date of birth will impact when your money arrives: the first batch of Social Security recipients will receive their money on April 13; the second will see theirs arrive on April 20; and the last group will receive their payment on April 27.
Learn more here about the Social Security payment schedule.
Inflation Stimulus Payments
There are 11 states in the United States which has so far decided to use its budget surplus to issue a inflation stimulus checkthe amount of which varies from state to state.
the the inflation rate in the United States is the highest in 40 years and the aim is that this money gives a boost to many citizens, even if in any case it is less than the An extra $2,000 the average person is expected to shell out this year due to the rising costs of everything around them.
Learn more here at inflation stimulus checks.
Will there be gas stimulation control?
One area in particular that has experienced sharp rise in price lately is with gasas a combination of inflation and Russia’s invasion of Ukraine drove up the price of gas.
Therefore, the hope is that the Gas Reimbursement Act 2022 will be passed and this will send discounts of $100 per monthin addition to $100 for each dependenttaxpayers who live in areas where the average price per gallon is over four dollars.
Learn more here about the possibility of a gas stimulus check.