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Debt Consolidation in Virginia

Virginia MapEven though the unemployment rate in Virginia is one of the lowest in the nation, there are still many people who are suffering from underemployment. Being underemployed means that you are receiving a regular paycheck, but the income isnít enough to cover your living expenses. People who find themselves in this position often dig into large amounts of debt, because they are just looking for ways to get by from one month to the next.

The median income in Virginia is fairly high compared with other states, but the median income doesnít give an accurate picture about the personal debt that is being accrued. Some people might be earning a reasonable income, and at the same time they are spending more money than they are bringing in. A common solution to these personal debt problems is to turn to debt consolidation to make it easier to pay off the debt and get ahead financially.

Virginia has a wide variety of income sources, including business, farming, military, and government jobs. At the same time, Virginia is an employment-at-will state, which means that anyone can be let go at any time. Unexpected unemployment might result in a situation where you need to consider debt solutions because you donít have the cash flow to pay for living expenses while you are out of work.

Debt consolidation is a great solution to consider if you canít keep up with your cost of living. Some people find that it is too much of a hassle to juggle multiple debtors and keep up with all of the payments that are required. With a consolidation solution, all of your debts are rolled into one easy payment, so that you have the ability to get caught up on your bills and create the possibility of future financial success. When you can meet your monthly payments, it is much easier to pay down the balances and even save a little extra money in the bank.

 

Governor Northam signs tax conformity legislation

RICHMOND - The Virginia Department of Taxation started processing individual income tax returns for Virginians after Governor Ralph Northam signed tax relief legislation Friday. Nearly $1 ...

Published:  Sat, 16 Feb 2019 14:17:00 GMT



The state and local tax deduction cap probably isn't going away - despite Trump's comments

who analyzes elections at the University of Virginia Center for Politics. New York Gov. Andrew Cuomo, a Democrat and leader of the fight against the cap, this month called the new tax policy "an econo...

Published:  Sat, 16 Feb 2019 13:00:00 GMT



Richmond may seem to be in chaos, but Virginia lawmakers just reached a bipartisan deal on taxes

RICHMOND - It may have looked like Richmond was burning this week as it did in 1865, but legislators worked through chaos and scandal to unveil a $1 billion bipartisan agreement Friday on tax relief. ...

Published:  Fri, 08 Feb 2019 13:40:00 GMT



Virginia on the Verge of Approving Its First Local Option Sales Tax

Virginia is on the verge of creating local option sales tax authority for precisely one jurisdiction, and it's been flying completely under the radar. Halifax County, population 35,000, is about to up...

Published:  Thu, 14 Feb 2019 19:40:00 GMT



No quick help for Virginia tax filers: House adopts conformity without emergency clause, passes Republican tax plan

House Republicans on Tuesday passed legislation that would conform Virginia tax code to new federal tax law, but it wouldn't take effect until July 1, two months after the deadline for state taxpayers ...

Published:  Fri, 08 Feb 2019 06:48:00 GMT



Bill passes to provide additional $110 Virginia tax refund

RICHMOND, VA (WWBT) - A bill that will provide Virginia tax payers with a $110 refund this fall has been sent to Gov. Ralph Northam to sign. The House of Delegates and Virginia Senate are sending iden...

Published:  Tue, 12 Feb 2019 13:06:00 GMT



Va. Conforming To Tax Overhaul, Granting $1B In Deductions

Law360 (February 15, 2019, 7:27 PM EST) -- The governor of Virginia signed off on a sweeping tax bill Friday that conforms the state to the 2017 federal tax code, while granting $1 billion in new dedu...

Published:  Sat, 16 Feb 2019 16:09:00 GMT



Virginia General Assembly approves $1 Billion tax relief package

RICHMOND, Va. (WRIC) -- The Virginia House and Senate have approved a tax plan that would give an individual tax filer a $110 rebate, and double that for a couple. The bills passed Tuesday as "emergen...

Published:  Wed, 13 Feb 2019 00:54:00 GMT



Virginia lawmakers agree to larger standard deduction, special fall tax refund

Virginia Lt. Gov. Justin Fairfax, on Dias, welcomes Senators as the start of the Senate session at the Capitol in Richmond, Va., Friday, Feb. 8, 2019. (Photo: Steve Helber/AP) RICHMOND, Va. - It may h...

Published:  Fri, 08 Feb 2019 14:24:00 GMT



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