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Debt

Can IRS Layoffs Affect Your Tax Refund? Here's What To Know Can IRS Layoffs Affect Your Tax Refund? Here's What To Know
Can IRS Layoffs Affect Your Tax Refund? Here's What To Know With layoffs affecting as many as 6,000 Internal Revenue Service (IRS) workers reportedly underway, anxiety has heightened for Americans eager to receive refunds near the midway point of tax filing season. Approximately 140 million returns are expected to be filed by the Tuesday, April 15 deadline. Last year, around two-thirds of taxpayers received refunds, averaging about $3,100, according to IRS data. The IRS opened the 2025 tax filing season on Monday, Jan. 27.  For many households, a tax refund can be the largest annual payment they receive all year, and it's often used to pay off…
Bob's Stores To Close All Locations After Filing For Bankruptcy; Retailer Liquidating Inventory Bob's Stores To Close All Locations After Filing For Bankruptcy; Retailer Liquidating Inventory
Bob's Stores To Close All Locations After Filing For Bankruptcy; Retailer Liquidating Inventory Bob's Stores, the family apparel and shoe retailer, will close all of its 21 locations throughout the Northeast after the company said it is bankrupt. The stores will remain open through July 14 as the company sells its remaining items at greatly reduced prices. Some things were marked down as much as 70 percent, according to a news release. The company, which filed for Chapter 11 bankruptcy late last month, is $29.4 million in debt, according to the court filing.  Bob's President Dave Barton apologized to the communities affected by the closures.  We regret that our financ…
'Sin' Taxes, Long-Term Solutions In CT Gov's Proposed State Budget 'Sin' Taxes, Long-Term Solutions In CT Gov's Proposed State Budget
'Sin' Taxes, Long-Term Solutions In CT Gov's Proposed State Budget  In his first proposed state budget, Connecticut Gov. Ned Lamont called for an overhaul of the state’s sales tax system, “sin” taxes and laid out ways to start digging the state out of debt. On Wednesday, Feb. 20, in the Hall of the House of Representatives in the State Capitol, Lamont discussed his proposed budget, a two-year, $43.1 billion taxing and spending plan. The budget includes a “sin” tax levy on a variety of products, including alcohol, sugary drinks, plastic bags and vaping products. Single-use plastic bags would come with a 10 cent tax, while wine and liquor will include a…