Go to Knowledge: Effects of the Inflation Reduction Act and top financial news for August 9

GO in the Know

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Today is hand-holding day, but you don’t need us to hold your hand as you scroll through the list of Tuesday’s top financial stories. you have this

The big advantage: the fiscal reform of the Inflation Reduction Act

To help pay for the new provisions of the Inflation Reduction Act, the US government will institute new tax structures. The changes will only apply to individuals and corporations making more than $400,000 a year and will not affect lower- and middle-class workers or small businesses.

Bonus offer: Open a new Citi Priority account by 9/1/23 and earn up to $2,000 in bonus cash after completing the required activities.

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The economy: Food prices fell in July

If you’ve noticed food prices dropping at the grocery store, you’re not imagining things. According to the Food and Agriculture Organization of the United Nations, there was a drop in the costs of high-demand foods in July compared to the previous month.

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This is interesting: The Inflation Reduction Act seeks to improve prescription drug prices

Millions of Americans could benefit from reduced health insurance rates and prescription drug costs as part of the Inflation Reduction Act.

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Bonus: 9 ways to save on major appliance purchases and repairs

We talked to experts and homeowners to find creative ways to save money when an appliance breaks.

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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!