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Break Time: The Earned Income Tax Credit in 2024
Tax deadline day is fast approaching so it would certainly seem to be an appropriate time to highlight a little tax break that’s out there for those of us who are working and have ‘low to moderate’ income, in the parlance of the IRS. The Earned Income Tax Credit...
Reader Request: MDBCN Wants to Know What You Want to Know
Undeterred by the modest response to last year’s request for feedback and suggestions we once again ask you, valued and worthy reader, what you would like to know more about. If you have any topics that you think might deserve a spotlight shone on them, whether they...
1619(b) Threshold Amounts for 2024 Are In!
Continued Medicaid Eligibility under Section 1619(b) of the Social Security Act is the crucial work incentive that allows those on Supplemental Security Income (SSI) to continue to remain eligible for Medical Assistance even if their earned income has caused their SSI...
2024 Poverty Guidelines Released
The Department of Health and Human Services (HHS) recently published the Federal Poverty Levels (FPL) for this year. There’s a slight increase, as would be expected. To be on the very verge of poverty (100% of FPL) as the federal government has determined, an...
Pay Hike: Maryland Minimum Wage Increases in 2024
While the Federal Minimum Wage languishes forlornly at base camp, clinging to the feeble figure of $7.25 an hour, the noble Maryland Minimum Wage has been making a steady ascent over the past decade or so and has now reached its targeted peak. From January 1 this year...