South Carolina State

Missouri State

FinanceBuzz

Whether you're filing your own taxes or you are a professional, understanding what income the IRS doesn’t tax can be very helpful. Here are 10 types of earnings that are not taxed.

10 Types of Income the IRS Will Not Tax in 2024 (Thankfully!)

NewsNation

Residents in nine U.S. states are still taxed on retirement benefits but how much they pay depends on their income

Social Security benefits are taxed in these US states

Editor's Note: This story originally appeared on Point2. These days it’s more important than ever to save a little bit of cash here and there. So, if you want to put some money aside, tax credits and deductions can be a fantastic place to start. While we often hear...

8 Tax Deductions You May Qualify for When Renting a House

CBS News

Washington — A major tax package that would bolster the popular Child Tax Credit and cut taxes for businesses failed to advance in the Senate on Thursday in the face of widespread Republican opposition, despite clearing the House by wide bipartisan margins earlier this year. Known as the Tax Relief for American Families and Workers Act of 2024, the legislation would expand the Child Tax Credit to provide relief to lower-income families. Though it's more modest than a pandemic-era enhancement of the credit, which greatly reduced child poverty and ended in 2021, it could still lift roughly half a million children out...

Senate fails to advance major tax bill that would expand Child Tax Credit

The Social Security cost-of-living adjustment (COLA) is designed to help benefits keep up with inflation. Historically, though, the program hasn't been able to accomplish that. It's wise to keep your expectations in check when it comes to the 2025 adjustment. Next year's COLA may not go as far as you...

Social Security Cost-of-Living-Adjustment (COLA) 2025: There's Bad News Coming for Retirees

The Motley Fool

We don't know exactly what next year's raise will look like, but there's reason to be hopeful.

Social Security's 2025 COLA: There's Good News Ahead for Retirees

Money Week

Tens of thousands of pensioners will be written to over the summer because their pensions have gone above the frozen income tax thresholds

Pensions: 140,000 pensioners to be hit by surprise tax demand

New Jersey State

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Morristown Minute

A new initiative aims to provide housing for vulnerable Medicaid members, enhancing community wellness and support. MORRIS COUNTY, N.J. - In a significant move to tackle housing instability among Medicaid recipients, New Jersey's Human Services Commissioner Sarah Adelman, along with Community Affairs Commissioner Jacquelyn A. Suárez, today announced the availability of $95 million in funding for developers. This initiative, part of the Healthy Homes program, is designed to create affordable housing opportunities for NJ FamilyCare members who are either homeless, at risk of homelessness, or currently living in institutional settings.

$95 Million for Healthy Homes: Housing for Medicaid Members

Retirees in These 9 States Risk Losing Some of Their Social Security Checks

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Financial Freedom Countdown

As we await the official Social Security cost-of-living adjustment (COLA) numbers, the Senior Citizens League (TSCL) has revised its long-term Social Security COLA forecast for 2025 to 2.63%. While this is an increase from the June 2024 forecast of 2.57%, it might not be enough for seniors struggling to keep up with inflation.

Retirees Brace for 2025 Social Security COLA Forecast as a 2.63% Increase May Not Be Enough

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

SmartAsset

For many people, early retirement means 62. This is the age they can start withdrawing money from their retirement accounts and receive Social Security. For example, let's assume an individual with $425,000 in a Roth IRA, a $1,000 monthly pension, and expect $1,600 in Social Security. Is it going to be enough? As often in […] The post I’m 62 With $425k in a Roth IRA and $2,600 per Month between Social Security and Pension. Can I Retire Now? appeared first on SmartReads by SmartAsset.

I'm 62 With $425k in a Roth IRA and $2,600 per Month between Social Security and Pension. Can I Retire Now?

The 2025 Social Security cost-of-living adjustment (COLA) is shaping up to come in lower than this year's 3.2% raise. The most recent estimate puts next year's COLA at 2.63%. While a smaller raise isn't wonderful, the reason behind it is a positive one for Social Security beneficiaries. It's definitely a...

Here's the Very Latest 2025 Social Security COLA Estimate

Filing taxes can be complex and time-consuming, and when you add up all the hours Americans spend to comply with the tax code, it’s an astonishing sum. Taxpayers will spend a total of over 7.9 billion hours on tax filing and compliance-related activities this year, according to an analysis of government data by the Tax Foundation.

Here's How Much Time and Money America Spends Doing Taxes Every Year

Social Security recipients can expect a cost-of-living adjustment (COLA) of around 2.6% to 2.7% in 2025, according to recent forecasts. This would mark the first time in 32 years that Social Security benefits have seen four consecutive COLAs of at least 2.7%. The Senior Citizens League (TSCL) predicts a 2.63% COLA for 2025, while independent analyst Mary Johnson has slightly lowered her forecast.

Modest Social Security COLA Expected for 2025

Former President Donald Trump is promising to eliminate taxes on Social Security, a vow aimed squarely at the 67 million Americans who receive monthly benefit checks from the retirement and disability program. "Seniors should not pay taxes on Social Security and they won't," Trump said at a Wednesday campaign rally in Harrisburg, Pennsylvania.Such a pledge could be be a potent campaign plank at a time when poverty among seniors is on the rise, according to the National Council on Aging, and the U.S. Government Accountability Office has found millions of older workers are nearing retirement without a penny in savings. Currently,...

Trump wants to cut Social Security taxes. How would that affect benefits?

Ohio State

The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

Polk County, FL

Fort Meade, FL

Uncovering Florida

The Polk County Sheriff's Office has made an arrest after conducting an investigation into a case of credit card fraud involving 28-year-old Burger King employee, Kellyn Miley. The incident was discussed in detail during this morning's briefing with Sheriff Grady Judd.

Burger King Employee Caught Using Customer's Credit Card for Food at Former Job

Explore Beaufort SC

The mantis shrimp is one tough customer. Beautiful and deadly are two words you don’t typically use to describe shrimp, but the mantis shrimp is definitely in a class of its own; earning a reputation as the ‘savage boxer of the sea’ and one of the most fearsome creatures in the ocean. And, they're right at home here in South Carolina.

Savage Boxer of the Sea: The Deadly Beauty of Mantis Shrimp

One of the best things you can do heading into retirement is to have a plan, especially around spending. Here are 11 purchases you'll want to avoid in retirement.

11 Purchases Retirees Almost Always Regret

NewsBreak

3 States That Are Still Giving Out Tax Rebates

After the federal government finished sending out the last of its COVID stimulus checks, many states took up the mantle, using special funding and budget surpluses...

3 States That Are Still Giving Out Tax Rebates

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