Central Valley Business Times

The Additional Child Tax Credit 2025 (ACTC) is a refundable credit that provides financial assistance to eligible families with qualifying children. Unlike the standard Child Tax Credit (CTC), which only reduces tax liability, the ACTC allows taxpayers to claim a portion of their unused CTC as a refund. Families struggling with their tax burdens can Continue reading

The Virginia minimum wage increase 2025 has taken effect, bringing a much-needed boost to workers across the state. As of January 1, 2025, Virginia’s minimum wage has risen from $12 to $12.41 per hour, following the state’s scheduled wage adjustments. This increase is part of a broader national trend, with nearly half of the U.S. Continue reading

The Child Tax Credit (CTC) and Additional Child Tax Credit (ACTC) are essential tax credits available to individuals who claim a child as a dependent on their federal tax return. These credits help reduce tax liability and, in some cases, provide refundable tax benefits. Eligibility Criteria for CTC and ACTC To qualify for CTC/ACTC, the Continue reading

The Ohio Minimum Wage Increase 2025 is set to bring higher wages for thousands of workers across the state, ensuring pay keeps pace with inflation. As mandated by a constitutional amendment, Ohio’s minimum wage is adjusted annually to reflect changes in the cost of living. This change is significant for both employees and employers, impacting Continue reading

The Chapter 30 VA Benefits 2025, also known as the Montgomery GI Bill Active Duty (MGIB-AD), provides valuable financial assistance to veterans and service members pursuing education and training. This benefit supports those who have served in active duty for at least two years, offering financial aid for educational programs, vocational training, and more. The Continue reading

Veterans Disability Benefits play a crucial role in supporting military personnel who have suffered from disabilities due to their service. The Department of Veterans Affairs (VA) provides financial aid to eligible veterans, ensuring they can meet their necessities and maintain their quality of life despite medical challenges. In 2025, these benefits will increase, reflecting the Continue reading

Although years have passed since the last round of stimulus checks, the Internal Revenue Service (IRS) has confirmed that thousands of Americans may still qualify for a $1,400 payment. This unexpected financial relief is available to individuals who are not yet receiving Social Security benefits but meet specific eligibility criteria. This payment stems from the Continue reading

Veterans receiving disability compensation from the Department of Veterans Affairs (VA) will see a welcomed boost in their monthly payments starting in March 2025. The 2.5% Cost of Living Adjustment (COLA) will result in increased benefits, with some recipients seeing up to $94 more per month. This automatic adjustment ensures that VA benefits remain aligned Continue reading

The 2025 tax season is officially underway, and millions of Americans are now preparing to file their returns before the April 15 deadline. With the Internal Revenue Service (IRS) expecting to process over 140 million tax returns, taxpayers are looking for ways to maximize their refunds. One of the most valuable benefits available this year Continue reading

The buzz around Trump Stimulus Checks 2025 has been growing, especially after former President Donald Trump hinted at a possible payout through a ‘DOGE Dividend.’ The concept, which has sparked debates nationwide, is centered around distributing a portion of government cost savings back to taxpayers. But is this a real stimulus check, a refund, or Continue reading