News Bulletin: More Than 600,000 Jobs Added, Gas Taxes Spiking, IRS Interest Checks to be Sent, And More
US Economy Sees 661,000 Jobs Added Back And Unemployment Down According To September Jobs Report | Yahoo! Finance
According to the Labor Department’s September jobs report, the U.S economy saw another 661,000 added jobs in September.1 The unemployment rate dipped from 8.4% in August to 7.9% in September, continuing its downward trend and signaling modest recovery in the labor market. However, the number of Americans who have permanently lost their jobs (as opposed to being temporarily furloughed) has risen to 3.8 million, a total increase of 2.5 million since February.1
Gas Taxes In Some States Spike During COVID To Offset Decreased Demand For Gas | USA TODAY
Because less Americans are driving during the pandemic due to working from home or social distancing, several states have seen a shortfall in revenue from taxes on gasoline that are meant to fund road repairs. This decrease in revenue has led some states to increase their fuel tax to offset the shortfalls. For example, New Jersey raised its state fuel tax from 30.9 cents to 40.2 cents for gasoline and from34.9 cents to 44.2 cents for diesel fuel. Meanwhile, the reduced demand for gas due to COVID-19 has lowered the average price of gasoline to $2.18 a gallon according to AAA as of late September.2
IRS Sends Out Interest Checks To Some Late Tax Filers | CNET
As many as 13.9 million taxpayers will receive an additional payment from the IRS this year. The IRS pays interest on tax refunds to taxpayers who timely file their federal income tax returns. Starting on April 15th every year, interest begins to accrue on your refund until the payment is issued. 3 Because Tax Day was postponed to July 15th this year and the IRS has such a high backlog of returns right now, many eligible taxpayers who waited to file their taxes until later in the year will have accrued much more interest than normal. The IRS pays 5% annual interest, compounded daily from April 15th through June 30th. After July 1st, the rate decreases to the legally prescribed rate for the third quarter of 3%.4 The interest amount, averaging $18, will be sent out as a second paper check or direct deposit. While this may be a welcome bit of extra money for many Americans, the interest on tax refunds is taxable, so those who receive it will have to pay taxes on it in the next tax year.
Walmart Announces “Black Friday Deals for Days” |Walmart.com
Walmart has announced its “Black Friday Deals for Days” event with plans to spread out Black Friday savings across three events in November. Consumers can shop online or in-store or shop online and pick-up from a store with contact-free curbside delivery. The events will be as follows, according to Walmart’s website:5
Event 1 begins online Nov. 4 with deals in-store Nov. 7. Walmart will offer deals on toys, electronics, and home products.
Event 2 begins online Nov. 11 with deals in-store Nov. 14. Walmart will offer deals on electronics like TVs, computers, and tablets, movies, music, and items in apparel, hardlines, home, and more.
Event 3 begins online Nov. 25 with deals in-store Nov. 27. Walmart will offer deals on electronics, toys, and gifts across apparel, home, and seasonal décor.
ACE Elite with Direct Deposit FeeAdvantage Plan4 (Monthly)
Cost of Fee Plan
N/A
$9.95
$5.00
Signature Purchase Transactions
$1.00 each
included
included
PIN Purchase Transactions1
$2.00 each
included
included
Average Cost Per Month
$15.003
$9.95
$5.00
ATM Cash Withdrawals (Domestic)2
$2.50 each
$2.50 each
$2.50 each
Fees may apply to reload your ACE Elite Prepaid Card
1 To get cash back and avoid paying a higher ATM fee, select "debit" and enter your PIN when making a purchase at a retailer. Purchase transaction fee may apply, depending on which fee plan you selected. This option may not be available at all retail locations where the card is accepted.
2 ATM owner fees may also apply.
3 Calculation based on 5 PIN Purchase Transactions and 5 Signature Purchase Transactions.
4 To be eligible for this optional fee plan, have $500 deposited to the ACE Elite Prepaid Card during one calendar month. See Cardholder Agreement for details.
Goodbye to Hidden Fees
Fees Related to the Service:
Refunds are at par. None of the fees shown are assessed by MetaBank or the Card Association. ATM withdrawals may be subject to varying daily limits at the ATM owner's discretion.
ACE Elite™ Pay-As-You-Go Plan
ACE Elite™ FeeAdvantage™ Plan (Monthly)
ACE Elite™ with Direct Deposit FeeAdvantage™ Plan (Monthly)
Card Purchase Fee
$0
$0
$0
Plan Fee
N/A
$9.95
$5.00*
*To be eligible for this optional fee plan, have $500 deposited during one calendar month.
Signature Purchase Transaction Fee
$1.00 each
included
included
PIN Purchase Transaction Fee
$2.00 each
included
included
Balance Inquiry Fee:
via toll-free number (automated service)
via toll-free number (customer service agent)
at ATM
online
via Anytime Alerts™**
$0.50 each
$0.50 each
$0.50 each
Free
Free
$0.50 each
$0.50 each
$0.50 each
Free
Free
$0.50 each
$0.50 each
$0.50 each
Free
Free
Bill Payment Fee
In addition to the one or more no-cost bill payment methods made available through third-party service providers, a full range of options and applicable fees appear at the Site.
Stop Payment Fee for Preauthorized Payment
$10.00 each
Domestic ATM Cash Withdrawal
$2.50 per withdrawal, plus ATM owner fees, if any
International ATM Cash Withdrawal
$4.95 per withdrawal, plus ATM owner fees, if any
ATM Transaction Decline Fee
$1.00 each
Tip: To avoid the ATM fees, you can get cash back when making purchases using your PIN at many retailers, such as grocery stores.
** Standard data usage or text message rates may apply. Check with your provider.
Add Money To or Withdraw/Transfer Money From Your Account: (Applies to all Cardholders)
Direct Deposit
Free
Add cash, checks or withdraw cash at a NetSpend Reload Network location
Convenience fee determined by location
Bank Transfer
Free; transfer fees from the originating bank may apply
Instant Bank Transfer
$5.95 each (deducted from the transferor's debit card account
Account-to-Account Transfer via text message or online
Free; standard text message rates may apply
Account-to-Account Transfer via toll-free number (automated service)
$1.00 each
Account-to-Account Transfer via toll-free number (Customer Service Agent)
$4.95 each
Manage Your Account: (Applies to all Cardholders)
Check or Additional Statement Mailing Fee
$5.95 each
Additional Card Fee
$3.95 each (standard Card)
$4.95 each (custom Card)
Lost, stolen or damaged Card Replacement Fee
$3.95 each (standard Card)
$4.95 each (custom Card)
Account Maintenance Fee
$5.95 per month (fee applies if Card Account has not had any activity, that is, no purchases; no cash withdrawals; no load transactions; or no balance inquiry fee for 90 days)