A significant number of taxpayers across the United States are missing out on substantial refunds due to unfiled 2021 tax returns. According to recent reports, over 1.1 million individuals nationwide are eligible for refunds totaling $1.025 billion. In Michigan alone, approximately 40,300 residents are owed $37.3 million in unclaimed refunds. The Internal Revenue Service (IRS) urges these individuals to file their returns by April 15 to claim what is rightfully theirs.
Many taxpayers who have yet to file may also be eligible for additional benefits beyond just their regular refunds. Those who missed out on stimulus payments can claim a recovery rebate credit when filing their 2021 returns. This credit could amount to up to $1,400 per person or $2,800 for married couples filing jointly. Families with dependents might qualify for even higher amounts. Furthermore, other potential credits, such as the earned income tax credit, could further increase the refund amount for eligible filers.
Filing a 2021 tax return is crucial not only for claiming refunds but also for ensuring financial stability and maximizing available benefits. The IRS has already issued automatic payments to some taxpayers who were overlooked in previous stimulus distributions, totaling about $2.4 billion. However, those who still haven't filed risk losing out on this money if they miss the April 15 deadline. It's important for everyone to take advantage of this opportunity to secure their rightful refunds and potentially receive additional credits that could significantly impact their financial well-being.
Fidelity Investments is taking a significant step towards financial empowerment by organizing an enlightening series of virtual events exclusively for women. These sessions, scheduled throughout March and April, aim to provide valuable insights into personal finance, health-related expenses, and career development. Attendees will gain practical knowledge and strategies to help them reach their financial aspirations.
The event lineup showcases distinguished speakers who are leaders in various fields. Participants can look forward to interactive discussions that cover a wide range of topics. On the first Friday of March, attendees will explore ways to unlock their best financial future. A week later, the focus shifts to understanding the real costs associated with women’s health. The following session delves into essential lessons about money management, professional growth, and life balance. Finally, the series concludes with a detailed guide on achieving significant financial milestones.
Women from all walks of life are encouraged to participate in these empowering sessions. By gaining deeper insights into financial planning and career advancement, participants can take proactive steps toward securing a brighter and more prosperous future. Even those unable to attend live can benefit from early access to recorded sessions, ensuring everyone has the opportunity to learn and grow.
Young entrepreneurs are shaping their futures by acquiring invaluable skills through real-world business experiences. Sydney Day Weikar, for instance, launched her greeting card venture at the age of 13. Leveraging online resources to master logistics and design, she balanced school, sports, and her entrepreneurial pursuits. By the time she turned 16, Sydney had not only surpassed $10,000 in sales but also cultivated a substantial social media presence. Her journey exemplifies how teenage entrepreneurship equips young individuals with competencies that extend far beyond financial gains.
One of the most critical aspects of youth entrepreneurship is the development of resilience. Ila Desai, founder of Girls Count Too, faced numerous setbacks while launching her math program for fifth-grade girls. Instead of succumbing to frustration, she persevered, eventually securing a venue and mentors who believed in her vision. This determination showcases the grit fostered through entrepreneurial challenges. Similarly, Ruby Chalupka, creator of LunchLine Candles, strategically utilized summer breaks to overcome time and financial constraints, demonstrating innovative problem-solving skills. Julia Howe, producer of the Hitting The Wall podcast, honed her leadership and collaboration abilities by managing various aspects of her project, from guest coordination to community engagement.
Entrepreneurship also imparts essential financial literacy. Claire Su, who started her first business at 16, credits entrepreneurship education for teaching her practical money management and decision-making skills. Effective programs like WIT (Whatever It Takes) prioritize experiential learning over theoretical instruction, ensuring young people gain hands-on experience. Structured mentorship, as seen in the University of Delaware’s Diamond Challenge, provides valuable guidance and support. Authentic ownership of outcomes allows teens to take full responsibility for their ventures, fostering independence and accountability.
The benefits of teen entrepreneurship extend into the digital realm. Young entrepreneurs like Mike She, who published a book on teenage mental health, develop technical proficiency by necessity. Libby Amber Shayo, an actor turned social media consultant, capitalized on uncertainty during the pandemic to build a thriving career. Gigi Robinson, a leader in the creator space, highlights the importance of communication across platforms, emphasizing the transferable nature of entrepreneurial skills. As automation reshapes the job market, the World Economic Forum predicts that creativity, critical thinking, and resilience will be top priorities for employers by 2025. Programs such as LaunchX, DECA, and WIT prepare teens for this evolving landscape by combining business creation with skill development. Ultimately, teen entrepreneurship serves as a powerful educational tool, equipping young people with the skills needed for success in any future endeavor.