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Student Loans
Fast Facts about how student debt relief will be applied for borrowers with multiple loans
Gas Prices
Gas prices don’t always decline before midterms
Some have speculated gas prices tend to drop before big elections like the upcoming midterms, but historical data doesn’t support that claim.
Economy
No, Biden executive order won’t replace paper money with digital currency
Some people on social media have claimed that an executive order signed in March 2022 would make paper money “worthless.” That’s false.
Money
No, Biden’s executive order won’t replace paper money with digital currency
The Biden administration has tasked the Federal Reserve with looking into the potential creation of a central bank digital currency. But a CBDC wouldn’t replace cash
Taxes
No, the average taxpayer will not have to pay $2,100 to cover the cost of student loan forgiveness
For taxes to be raised to pay for the plan, Congress would have to pass a bill amending the Internal Revenue Code. That hasn’t happened or been proposed.
Money
How to spot mobile payment app scams on Zelle, Venmo, PayPal and Cash App
Mobile peer-to-peer payment app scams are on the rise as more Americans use contactless payment options. Here are a few ways to identify and avoid payment app scams.
Gas Prices
No, gas prices don’t always go down before elections
Some have speculated gas prices tend to drop before big elections like the upcoming midterms, but historical data doesn’t support that claim.
Gas Prices
Election gas price trends, 1994-2020
U.S. Energy Information data showing the trends in gas prices during election seasons, since 1994.
Taxes
Yes, the IRS is forgiving some late-filing fees because of the pandemic
To qualify for penalty relief you must file your 2019 and 2020 tax returns by Sept. 30, 2022. Taxpayers who’ve already paid penalties will automatically get refunds.
Health
No, traditional Medicare doesn't include non-medical benefits like grocery cards or gym memberships
Private insurers can offer non-medical benefits to enrollees of Medicare Advantage plans, but those are different than traditional Medicare.
Social Media
Yes, a Colorado law prohibits Mike Tyson from selling his ear-shaped edibles in the state
A Colorado law passed in 2016 prohibits the sale of human-shaped edibles. That includes body parts like ears, state regulators told VERIFY.
Economy
No, there isn’t a limit to how many times the Federal Reserve can adjust interest rates
The Federal Reserve can raise rates as many times as needed in an effort to help solve problems that the U.S. economy faces, such as inflation, experts told VERIFY.
Gas Prices
Gas prices don’t always decline before midterms
Some have speculated gas prices tend to drop before big elections like the upcoming midterms, but historical data doesn’t support that claim.
Economy
No, Biden executive order won’t replace paper money with digital currency
Some people on social media have claimed that an executive order signed in March 2022 would make paper money “worthless.” That’s false.
Money
No, Biden’s executive order won’t replace paper money with digital currency
The Biden administration has tasked the Federal Reserve with looking into the potential creation of a central bank digital currency. But a CBDC wouldn’t replace cash
Taxes
No, the average taxpayer will not have to pay $2,100 to cover the cost of student loan forgiveness
For taxes to be raised to pay for the plan, Congress would have to pass a bill amending the Internal Revenue Code. That hasn’t happened or been proposed.
Money
How to spot mobile payment app scams on Zelle, Venmo, PayPal and Cash App
Mobile peer-to-peer payment app scams are on the rise as more Americans use contactless payment options. Here are a few ways to identify and avoid payment app scams.
Gas Prices
No, gas prices don’t always go down before elections
Some have speculated gas prices tend to drop before big elections like the upcoming midterms, but historical data doesn’t support that claim.
Gas Prices
Election gas price trends, 1994-2020
U.S. Energy Information data showing the trends in gas prices during election seasons, since 1994.
Taxes
Yes, the IRS is forgiving some late-filing fees because of the pandemic
To qualify for penalty relief you must file your 2019 and 2020 tax returns by Sept. 30, 2022. Taxpayers who’ve already paid penalties will automatically get refunds.
Health
No, traditional Medicare doesn't include non-medical benefits like grocery cards or gym memberships
Private insurers can offer non-medical benefits to enrollees of Medicare Advantage plans, but those are different than traditional Medicare.
Social Media
Yes, a Colorado law prohibits Mike Tyson from selling his ear-shaped edibles in the state
A Colorado law passed in 2016 prohibits the sale of human-shaped edibles. That includes body parts like ears, state regulators told VERIFY.
Economy
No, there isn’t a limit to how many times the Federal Reserve can adjust interest rates
The Federal Reserve can raise rates as many times as needed in an effort to help solve problems that the U.S. economy faces, such as inflation, experts told VERIFY.
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