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18 articles with this tag

Preparing for 2026: Key Financial Trends Every El Pasoan Should Know

As 2026 approaches, El Paso residents should prepare for a more stable economic landscape, with inflation projected at 3.0% in early 2026, moderating to 2.6% by year's end. Credit scores are expected to remain under pressure due to resumed student loan payments, averaging 715. The housing market is showing signs of moderation, with home prices forecasted to increase by only 2.2%, making homeownership more attainable. Additionally, the Federal Reserve's recent interest rate cuts may lead to lower borrowing costs, but consumers should act now to secure high-yield savings accounts and improve their credit scores to benefit from these changes.

Business finance interest-rates

El Paso Homeowners Face Significant Property Tax Burdens Compared to Other Cities

A recent study by SmartAsset has revealed that property tax burdens vary significantly across the United States, with homeowners in El Paso facing notable challenges. While some cities, like Paterson, NJ, see homeowners spending nearly 10% of their income on property taxes, El Paso residents should be aware of the financial implications of local property taxes when considering homeownership. The study ranked 343 cities based on the percentage of homeowner income dedicated to property taxes, highlighting the importance of these taxes in funding local infrastructure and amenities. Homeowners in El Paso should stay informed about potential tax rates as they plan their budgets.

Community el-paso finance

Understanding Retirement Timelines: How Texas Compares Nationally

A recent analysis reveals that the time required to save for retirement varies significantly across the United States, influenced by factors such as cost of living and state tax policies. In Texas, residents can expect to retire in approximately 29 years, thanks to low annual expenses of $35,094 and no state income tax. This contrasts sharply with states like California and Massachusetts, where retirement could take up to 71 years due to high living costs. The findings highlight the importance of location in retirement planning, affecting financial security for many Americans, particularly as 63% report that high living costs hinder their savings.

Community texas finance

Debunking Common Home Equity Myths for El Paso Homeowners

Home equity is a significant asset for homeowners, but misconceptions can lead to costly decisions. A recent report highlights eight prevalent myths, such as the belief that home equity is instantly accessible cash or that home values always appreciate. Homeowners should be aware that they typically cannot borrow 100% of their equity and that accessing equity can impact credit scores. Understanding these myths is crucial for making informed financial choices, especially in a fluctuating housing market. El Paso residents are encouraged to consult financial advisors before leveraging their home equity for various needs.

Business finance real-estate

Record Tax Refunds Expected for El Paso Residents in 2026

Officials anticipate that due to recent modifications in the tax code from the One Big Beautiful Bill, Americans, including El Paso residents, will receive unprecedented tax refunds in 2026. This significant change is projected to provide taxpayers with the largest refunds in history, which could have a considerable impact on local economies. Residents should stay informed about these changes as they prepare for their financial planning in the coming years.

Business economy taxes

El Paso Residents to Expect Record Tax Refunds in 2026 Due to New Tax Code

Officials predict that due to recent modifications in the tax code, particularly under the One Big Beautiful Bill, Americans, including those in El Paso, will receive unprecedented tax refunds in 2026. This change is expected to significantly impact taxpayers, offering them the largest refunds seen to date. The announcement highlights the importance of understanding these tax changes as residents prepare for their financial planning in the coming years.

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Find Out If You'll Receive an Extra Paycheck This January

As the new year approaches, some El Paso residents might be surprised to find an additional paycheck in their January earnings. This phenomenon occurs when pay periods align in such a way that employees receive two paychecks within a single month instead of the usual one. It's important for workers to check their payroll schedule to determine if they qualify for this extra payment, which can provide a financial boost at the start of the year. Understanding your pay schedule can help you budget effectively for the upcoming expenses.

Business finance new-year

Find Out If You'll Receive an Extra Paycheck This January

As the new year approaches, some El Paso residents might receive an additional paycheck in January due to the timing of pay periods. This situation typically affects those who are paid biweekly, as they may have a month with three paychecks instead of the usual two. Understanding this could provide a financial boost for individuals and families during the holiday season. It's important for employees to verify their pay schedule with their employers to confirm if they will benefit from this extra paycheck.

Business finance new-year

Understanding the Real Take-Home Amount for Powerball Winners in El Paso

El Paso residents are curious about the actual winnings from the recent $1.8 billion Powerball jackpot. While the headline figure is enticing, the amount a winner takes home can be significantly lower due to taxes and other deductions. Depending on the winner's choice between a lump sum or annuity payments, they could receive approximately $800 million after federal taxes. This information is crucial for potential winners to understand the financial implications of their lottery success.

Community taxes finance

Exploring Soft Saving: A Trend Among Gen Z in El Paso

A new financial trend known as 'soft saving' is gaining traction among Gen Z in El Paso, who prefer a more flexible approach to managing their finances compared to the strict budgeting methods of previous generations. This shift reflects a desire for financial freedom and a rejection of rigid money rules that many young adults associate with their parents' experiences. As this trend evolves, it raises questions about the long-term implications for financial stability and savings habits among young people. Understanding this phenomenon is crucial for local financial advisors and institutions as they adapt to the changing attitudes towards money management.

Business finance budgeting

Understanding the Post-Tax Payout for El Paso's $1.7B Powerball Jackpot

El Paso residents are buzzing about the recent $1.7 billion Powerball jackpot, raising questions about the post-tax payout amounts. Depending on their state, winners can expect significantly different amounts after taxes are deducted. For Texas residents, the lump-sum payout is approximately $1.1 billion, which could allow for extravagant purchases or investments. This massive jackpot not only excites potential winners but also highlights the economic impact of lottery winnings in the community. Residents are encouraged to consider the tax implications before claiming any prizes.

Community taxes finance

USPS Risks Losing Amazon as It Pursues New Shipping Contracts

The United States Postal Service (USPS) is facing severe financial challenges, reporting a loss of $9 billion in the last year. To address this, USPS plans to open its last-mile delivery services to other shippers, which could jeopardize its lucrative $6 billion annual contract with Amazon. Amazon has expressed concern over this decision, indicating it may reconsider its partnership if negotiations do not align with its delivery network needs. The USPS is legally bound to provide universal service, which is costly, especially for remote deliveries. Experts warn that losing Amazon could further exacerbate USPS's financial instability, highlighting the need for continued government support to maintain universal service.

Business finance usps

Prepare Your Business Finances for a Successful New Year

As the year comes to a close, El Paso business owners are encouraged to take proactive steps to prepare their finances for the new year. A recent survey revealed that 59% of small businesses are in 'fair or poor' financial condition, highlighting the need for careful financial management. Key actions include reviewing financial statements, updating payment systems, assessing credit options, enhancing security measures, and setting clear financial goals for the upcoming year. By addressing these areas now, businesses can avoid stress and ensure a smoother transition into 2024.

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Discover If You're Missing Out on Unclaimed Funds in Texas

Many residents in Texas may be unaware that their state holds billions in unclaimed funds, which could provide financial relief during the holiday season. These funds can include uncashed checks, forgotten bank accounts, or insurance payouts. It's essential for individuals to check if they are owed any money, as these funds are often waiting to be claimed. Taking action now could help alleviate some of the financial burdens associated with holiday spending.

Business texas finance

Powerball Jackpot Reaches $1.6 Billion: What It Means for El Paso Players

The Powerball jackpot has soared to an astounding $1.6 billion, but potential winners in Texas should be aware that they won't receive the full amount in cash. After taxes and deductions, the actual payout could be significantly lower, potentially around $1 billion. This news is crucial for El Paso residents considering their chances of winning and the financial implications of such a large prize. Players are encouraged to check their tickets and understand the tax liabilities associated with winning large jackpots.

Community el-paso finance

Paramount Strengthens Bid for Warner Bros. with Larry Ellison's $40 Billion Guarantee

Paramount has intensified its acquisition bid for Warner Bros. Discovery, announcing that tech mogul Larry Ellison will personally guarantee $40.4 billion to finance the deal. Despite multiple rejections from Warner Bros.' board, which favors a Netflix offer, Paramount aims to address concerns over its financing by allowing shareholders to review Ellison's family trust finances. The offer includes a penalty increase for breaking the agreement from $5 billion to $5.8 billion, aligning with Netflix's proposal. While Paramount's offer is higher at $30 per share compared to Netflix's $27.75, Warner Bros. argues that their restructuring plans could enhance the overall value of their assets. The board's response to this revised offer remains uncertain, but shareholder input could sway the decision.

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Larry Ellison Backs Paramount's $40 Billion Bid for Warner Bros. Discovery

Paramount has intensified its hostile takeover attempt for Warner Bros. Discovery by announcing that tech mogul Larry Ellison will personally guarantee $40.4 billion for the deal. Despite previous rejections from Warner Bros.' board, which favors a Netflix offer, Paramount is now increasing its breakup fee to $5.8 billion to match Netflix's proposal. Paramount's bid values Warner Bros. shares at $30 each, surpassing Netflix's $27.75 offer, but the board remains skeptical of the financing's legitimacy. Shareholders have the power to influence the outcome, particularly as Paramount's offer is backed by significant royal family investments from the Middle East. The Warner Bros. board is expected to respond to this revised offer soon.

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El Paso Residents May See Increased Paychecks in 2026 Without Raises

Starting in January 2026, El Paso residents might experience a boost in their take-home pay due to changes in tax regulations and adjustments in withholding rates. This increase could benefit many workers, even if their salaries remain unchanged. The adjustments are designed to help individuals manage inflation and rising living costs. As the new year approaches, employees should review their pay stubs to understand the potential changes to their earnings.

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