News You Should Know: How Colorado’s Special Session Will Affect Your Finances
News You Should Know
November 28, 2023
What the Colorado Legislature Passed During the Special Session and How It Will Affect Your Wallet | The Colorado Sun
After voters rejected Proposition HH, state lawmakers convened for a special session focused on property tax relief. In all, lawmakers passed seven bills aimed at providing financial relief and assistance, including property tax relief and increased TABOR refunds for lower earners.
Federal Lawmakers Seek 401(k) Plans for Teen Savers in New Bill | Bloomberg Law
Lawmakers introduced a bill that would change federal law to make it easier for 18-to-20-year-olds to save for retirement in employer-sponsored plans. The bill, known as the Helping Young Americans Save for Retirement Act, would lower the minimum participation age in plans like 401(k)s from 21 to 18.
Why It’s So Tough to Reduce Unnecessary Medical Care | CBS News
A recent report shows that despite efforts to reduce unnecessary health care spending in Colorado, spending on so-called “low-value” care — such as unneeded testing — has barely changed. Despite financial incentives and patient demands to provide more care than is necessary, one Colorado hospital has found some innovative ways to cut waste.
The IRS Makes Tax Filing Simpler for Next Year With Long-Awaited Improvements | Yahoo! Finance
Thanks to a boost in funding, the IRS is rolling out a number of changes that should make tax filing season a little easier. Updates include better customer service staffing, expanded electronic communication options and a more user-friendly tax refund tracker, with more changes on the way.
News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.
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