Zeldin changes the Obama-Biden water regulation that allowed puddles to require expensive permits
EPA’s New Rule on Waters of the United States On Monday, EPA Administrator Lee Zeldin is likely to announce changes to the Waters of the United States (WOTUS) rule, which has faced significant criticism. One particular case involved fines of up to $33,000 daily for a couple in Idaho who built their home on what […]
Sean ‘Diddy’ Combs violates another prison regulation shortly after reported alcohol incident
Sean “Diddy” Combs isn’t off to a great start at Fort Dix Federal Correctional Institute in New Jersey. Just days after his arrest for allegedly consuming homemade alcohol at the low-security prison—where he was transferred late last month—he faced issues for reportedly being involved in an unauthorized three-way phone call. The call occurred on November […]
Council regulation enhances testing for Legionnaires’ disease in cooling towers
City Council Strengthens Cooling Tower Safety Measures On Thursday, the City Council passed a new bill aimed at bolstering testing protocols for cooling towers to combat Legionnaires’ disease. This decision follows a significant outbreak in Harlem over the summer that resulted in 114 cases, 90 hospitalizations, and seven fatalities. Under Intro 1390-A, building owners are […]
New 401(k) catch-up regulation could affect more Long Islanders
Recent changes to federal retirement plan regulations could significantly impact many residents of Long Island, where salaries tend to be high due to the region’s elevated living costs, experts indicate. Starting in 2027, Americans aged 50 and above earning $145,000 or more will be required to contribute their catch-up contributions to 401(k) plans as after-tax […]
A new regulation will affect the tax-deferred status of certain 401(k) contributions. Here’s who will be impacted.
Next year, new regulations will impact high-income individuals making “catch-up” contributions to 401(k) plans or similar tax-deferred retirement accounts. These rules, established by the Safe 2.0 Retirement Act, will effectively remove the immediate tax benefits traditionally associated with such catch-up contributions alongside standard 401(k) contributions, as well as those from 403(b), 457(b), simplified employee pension […]
Biden’s ATF Regulation on Gun Sales Cannot Be Applied to NRA Members
ATF Regulations Blocked by U.S. District Judge On Tuesday, U.S. District Judge Corey L. Maze issued a ruling that effectively blocks certain ATF regulations, particularly those related to the “engaged in the business” rule. This decision appears to favor two plaintiffs, Don Butler from Talladega and David Glidewell from Ragland, as well as members of […]
Trump Triumphs Over Newsom as California Abolishes Electric Truck Regulation
Trump’s Response to Newsom’s Emission Plans in California President Donald Trump recently engaged with California Governor Gavin Newsom regarding the latter’s setbacks in promoting electric vehicles. Back in 2022, the California Air Resources Board (CARB) aimed to push for trucks as a part of Newsom’s electric vehicle initiative. Fast forward to 2023, and Calmatters.org noted […]
Peter Thiel’s $5 billion tax-exempt account led to a new 401(k) regulation affecting high-income Americans over 50.
Starting in the 2026 tax year, older workers with incomes exceeding a certain limit will be unable to make traditional 401(k) catch-up contributions. Specifically, those over 50 who earned more than $145,000 in the previous year will only be allowed to make post-tax (Roth) catch-up contributions. The IRS plans to evaluate the final regulations and […]
Treasury and IRS complete regulation on 401(k) catch-up contributions and its implications for higher-income earners.
kate_sept2004 | E+ | Getty Images This week, the IRS and the US Treasury wrapped up new provisional guidelines from the Safe 2.0 Act of 2022, which includes provisions for catch-up contributions for workers aged over 50 in 401(k) and other retirement plans. Starting in 2027, contributions for catch-up will change, particularly for those who […]
RFK Jr. Focuses on China in Vape Regulation Efforts
Federal Raids Target Chinese-Made Steam Products Health and Human Services Secretary Robert F. Kennedy Jr. announced that federal agents executed nationwide raids to seize Chinese-made steam products, indicating that this marks the start of a broader crackdown on these items. “As our children face health issues, the Chinese are profiting, and we’re putting a stop […]