Jan 15, 2025 | News to Note
From Disability Scoop — By Michelle Diament — Starting this month, individuals with disabilities can accrue more money than ever before in a special ABLE accounts that allows people to save without jeopardizing access to Medicaid and other government benefits....
Jan 9, 2025 | News to Note
From USA Today — By Daniel de Visé and Elisabeth Buchwald — Tax Day is approaching, and soon it will be time to begin assembling forms. If you haven’t looked at them yet, all those numbers and letters – W-2, W-9, 1099 – can easily overwhelm you. Some...
Dec 26, 2024 | News to Note
How changes in Social Security, Medicare, 401(k) contributions and more will affect your finances. From AARP — By Andy Markowitz — Retirement is not static. Even when the kids are gone and the career is done, your lifestyle and expectations are constantly...
Dec 11, 2024 | News to Note
For married couples filing jointly, the standard deduction rises to $30,000, an increase of $800 from tax year 2024. From the IRS — WASHINGTON — The Internal Revenue Service recently announced the annual inflation adjustments for tax year 2025. Revenue Procedure...
Dec 4, 2024 | News to Note
If you receive work income through Venmo or a similar payment platform, new IRS regulations enforce reporting it. From ZD Net — By Artie Beaty — Payment platforms like Venmo and CashApp have become the easiest way to send money to someone over the past few years, but...
Nov 27, 2024 | News to Note
From CNBC — By Kate Dore — Many retirees don’t think about taxes until it’s time to withdraw funds from a pretax account, which can be a costly mistake, financial experts say. Only 3 in 10 Americans have a plan to reduce taxes on retirement savings, according to a...
