TrustBank
MARCH 27, 2024
We are well into March which means tax filing time is upon us. Now would be a good time to securely send your tax information to your tax preparer (if you haven’t already). Fraudsters are looking to take advantage of mailings and emails from financial institutions regarding tax info. This is not tax advice.
TrustBank
AUGUST 1, 2023
The SECURE Act 2.0 If you recall, the original SECURE Act (Setting Every Community Up for Retirement Enhancement) was passed in 2019, but it needed some changes and add-on’s. The general idea of the SECURE Acts was to get people saving more for their retirement since the days of pensions are fading in the rear-view mirror.
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South State Correspondent
MARCH 21, 2023
ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. The ERC filing deadline is October 2024. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects.
BankBazaar
DECEMBER 12, 2023
We’ll try and cover everything that is out there because , more than anything, we want you to start 2024 strong! Before getting into the specifics of each, we’d like to make it clear that we won’t be pitting one scheme against the other. The added perk is its tax benefit – investing in PPF allows you to save up to ₹ 1.5
South State Correspondent
JANUARY 25, 2024
What LLMs were in 2023, LAMs will be as big in 2024. For security reasons, banks will start to create “companion accounts” that will give the large action models particular access that the user controls to include a set of limits. In effect, banks will have an additional customer segment. LAMs also will be used internally.
MyBankTracker
MAY 20, 2020
That is, it can feel like a windfall of cash – until, that is, you realize you need to report taxes on the interest earned. Still, while the tax part may not be loads of fun, it’s always nice to end up with some unexpected cash. savings bonds that were issued on paper or electronically, and how to report it on your taxes.
PYMNTS
DECEMBER 2, 2019
Fees will stay the same as 2019 for the FedACH service, National Settlement Service and Fedwire Securities Service. The central bank is currently requesting comments on the design of the service, which it expects to make available in 2023 or 2024. The 2020 private-sector adjustment factor (PSAF) of $18.9 million was also approved.
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