NYC reverts to pandemic-era budget policy for public schools — slammed by critics as ‘rewarding failure’
New York City public schools, which have fewer students than expected this fall, will not have their budgets cut and will revert to controversial pandemic-era policies, officials announced Wednesday. If mid-year budget adjustments had gone as planned, about half of the 1,600 schools covered by the program would have seen a total reduction of $157 […]
Last pandemic-era student loan benefit ends even as borrowers struggle to make payments
The last of the pandemic-era student loan benefits will be wiped out, cutting off four years of extra aid for borrowers, but advocates say it was never actually enough. The Biden administration's “infusion of capital” over the past year ended in early October, and borrowers will now be subject to penalties for missing payments. Advocates […]
IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper – KSL.com
NEW YORK — The Internal Revenue Service said Thursday that it had reviewed 1 million claims for the employee retention credit totaling $86 billion and found that a “vast majority” were at risk of being improper. The credit was designed to help businesses retain employees during pandemic-era shutdowns, but it quickly became a hotbed of […]
I.R.S. Extends Freeze of Pandemic-Era Tax Credit Amid Widespread Fraud – The New York Times
The Internal Revenue Service is expanding efforts to crack down on fraud in pandemic-era tax credit programs following an internal analysis that found a large proportion of outstanding claims were improper. The IRS said Thursday it was extending a freeze on new claims for the Employee Retention Tax Credit, which was created at the height […]
White House lifts last pandemic-era restriction on working with Biden, Harris
Subscribe to Fox News to access this content Plus, your account will give you exclusive access to select articles and other premium content for free. Please enter a valid email address. Enter your email address[続行]By pressing , you agree to Fox News’ Terms of Use and Privacy Policy, including notice of financial incentives. Please check […]
IRS has again failed Main Street with handling of pandemic-era program
Gil Bonifaz has been through a lot. A fourth-generation restaurateur, his family restaurant has employed dozens of Texans and served delicious fajitas since 1971 at Herrera’s Tex-Mex in the heart of Texas’ 24th District. After pandemic-era restrictions reduced the restaurant’s revenue, it was unable to keep up with rising rent, accountant’s fees and medical costs […]