Treasury Department Introduces Regulation to Stop Unauthorized Immigrants from Obtaining Income Tax Credits
Treasury Department to Restrict Tax Credits for Undocumented Immigrants The Treasury Department, under President Trump’s directive, intends to introduce new regulations preventing undocumented immigrants and foreign nationals from obtaining significant earned income tax credits like the Earned Income Tax Credit and the Supplemental Child Tax Credit, as reported by Breitbart News. In a statement on […]
A new 401(k) regulation is set for 2026 that will affect many high-earning Americans. Here’s what to understand if you belong to this category.
If you’re in your middle years and earning a good salary, get ready for changes in how you contribute to your 401(k) next year. Back in September, the IRS rolled out new regulations that will alter catch-up contributions starting 2026. Specifically, they’re implementing income tests that could significantly impact high-income earners. So, here’s the crucial […]
Trump Administration Set to Eliminate Biden’s Water Regulation Following Years of Dispute
EPA Moves to Update Definition of Waters of the United States WASHINGTON — The Environmental Protection Agency (EPA) announced on Monday that it plans to revise the definition of Waters of the United States (WOTUS). The agency highlighted durability, economic opportunities, and national sovereignty as key reasons for this update. This announcement took place at […]
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 […]