USA finance and funds reside updates: $2,753 month-to-month test, tax deadline 2022, gasoline stimulus test…

Headlines: Tuesday 26 April 2022

– Tuesday saw US markets drop again as investors worry about Fed moves to tackle inflation and possible Beijing lockdown.

– Tesla has $126 billion wiped off of market value.

– Maine has passed a budget which will give residents $850 to deal with inflation.

– West Texas crude oil finished over $100 as Chinese central bank pledges to support economy with possible Beijing lockdown coming.

– Congress has returned from recess to take up Biden spending proposals.

– Average mortgage interest rates hit 5.1 percentforcing many to revise their housing market projections for 2022.

– Full Student Debt Cancellation has not been proposed, but the White House has canceled some borrowers’ debt. Who is affected?

Helpful links & information

– What are the nine states that do not pay income tax and why?

– Missed the tax deadline? These are the penalties to be aware of.

– Can federal student loans be forgiven after 10 or 25 years?

– Stimulus checks can still be claimed, if you haven’t received the federal payments.