Missouri State

July Marks a Milestone for IRS Tax Credits Payment Schedule. July is set to bring pivotal adjustments to how taxpayers navigate IRS tax credits and their corresponding payment schedules. With the second half of the year kicking in, these changes directly impact anyone looking to leverage tax credits to their financial advantage. Officials have streamlined processes, introducing a system designed to ease the tax burden on a broad spectrum of individuals and families.

What Changes Are Coming in July for the IRS Tax Credits Payment Schedule?

The Motley Fool

There are definitely benefits associated with growing older, including wisdom and the occasional tax break. Here, we look at some of those breaks.

Retired? Don't Overlook These Sweet Tax Breaks

The IRS has issued a warning to taxpayers about a new scam involving clean energy tax credits. This scheme involves unethical tax return preparers who misrepresent the rules for claiming these credits under the Inflation Reduction Act (IRA). The IRA’s transferability provisions allow the purchase of eligible federal income tax...

IRS Alerts Taxpayers About Clean Energy Tax Credit Scam

The typical 62-year-old person who collects Social Security receives significantly less than the average retired worker.

This Is the Average Social Security Benefit for Age 62

The CPI reading for June came in better than expected, prompting The Senior Citizens League to update its COLA forecast. The biggest challenge for retirees is the declining purchasing power of Social Security. Lower inflation helps retirees get more out of Social Security and keep more of their benefits. Slow...

The Latest 2025 Social Security Cost-of-Living Adjustment (COLA) Forecast Has Some Great News for Retirees

WashingtonExaminer

Supplemental Security Income payments for the month of August will go out to millions of beneficiaries in 23 days and are worth up to $943. The payments will go out on Aug. 1. To be eligible, filers need to be at least partially blind or have a “physical or mental condition(s) that seriously limits their daily activities for […]

Social Security update: August direct payment worth $943 goes out in 23 days

Many seniors are unsure about their tax responsibilities. Particularly concerning Social Security income. It's commonly questioned when they may stop filing taxes on these benefits. Those whose sole income is Social Security likely don't need to file a federal income tax return. Senior citizens, especially, have distinct guidelines to consider....

When Are Senior Citizens Exempt from Filing Taxes on Social Security Income?

McPhersonBuzz News

How Much Will I Get? When Can I Expect My Check? According to Marca, Many families are getting ready to receive a big check from the government. The check is part of a program called the Estate Child Tax Credit. This program helps families with young children by giving them extra money to help take […]

Get Ready for a Big Check: Understanding the Estate Child Tax Credit

USA TODAY

The program mentioned in the social media posts was part of the American Rescue Plan and ended in 2021.

IRS advance child tax credits from 2021 not returning in 2024 | Fact check

24/7 Wall St.

The forecast for the 2025 Social Security Cost of Living Adjustments (COLAs) has been revised downward, now estimated at 2.6%, lower than both the previous 2.7% estimate and the 3.2% adjustment in 2024. This adjustment may not keep up with the current inflation rate of 3.5%, meaning retirees could find their benefits falling short. Retirees […]
The post Social Security’s 2025’s COLA Is Looking Real Bad appeared first on 24/7 Wall St..

Social Security’s 2025’s COLA Is Looking Real Bad

CBS News

Each year, the Social Security Administration adjusts its benefits to account for inflation, providing an annual cost-of-living increase that's meant to offset rising prices. This year, the program's 67 million recipients may see their smallest boost since 2021. The 2025 cost-of-living adjustment is projected to come in around 2.63%, the Senior Citizens League, an advocacy group for older Americans, said on Thursday. That figure is based on recent inflation data, with consumer prices in June rising 3%, the smallest increase since June 2023 and less than the 3.1% economists were forecasting. If enacted, a 2.63% increase would represent a monthly payment increase of...

Social Security recipients could see smallest COLA increase since 2021

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NewSantaAna

The FBI has seen a rise in scams targeting timeshare owners. In this kind of scam, criminals con these part-time property owners into shelling out hefty sums of cash, all under false pretenses related to their timeshare properties.

FBI warns that Mexican cartels are targeting Americans with timeshare scams

Families across America are set to get a financial boost. This comes from the government's new initiative. The Child Tax Credit program will hand out $300 every month. This effort aims to help low and moderate-income families. These funds are for critical needs like schooling and food. It's a key step in the nation's drive for economic stability.

Who's Eligible for the New Child Tax Credit Payments in America? Uncover If You Can Get $300 a Month!

Kentucky State

Northern Kentucky Tribune

Gov. Andy Beshear announced on Thursday the successful launch of a statewide drug operation by the Kentucky State Police (KSP) known as “Operation Summer Heat,” following a three-month investigation into suspected drug trafficking rings.

KSP’s Operation Summer Heat makes 206 drug trafficking arrests, saving lives in safer state

California State

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The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Bacon County, GA

Daily Coffee Press

On Monday, a search at a Bacon County home by investigators resulted in the discovery of a large quantity of illegal drugs, including methamphetamine and cocaine. However, the suspects are currently not in custody.

Drug Bust Uncovers Methamphetamine and Cocaine in Bacon County Residence

rolling out

Owning a home is a significant milestone for many, often accompanied by the burden of a mortgage. While making regular monthly payments is standard, many homeowners overlook the substantial benefits of making an extra mortgage payment annually. This seemingly small step can lead to significant financial savings, faster loan payoff, and increased home equity. In this article, we’ll explore the various advantages of making that additional payment each year and how it can positively impact your financial future.

The value of making an extra mortgage payment annually

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Veronica Charnell Media

Each year, the Social Security Administration adjusts its benefits to account for inflation, providing an annual cost-of-living increase that's meant to offset rising prices. This year, the program's 67 million recipients may see their smallest boost since 2021.

Social Security Update: Will The Next COLA Be The Lowest Since 2021

A new USDA report shows the Supplemental Nutrition Assistance Program payment error rate from fiscal year 2023 was 11.68%. Overpayments accounted for a little over 10.03% of the errors, a slight increase from 2022. The underpayment error rate stood at 1.64%, a nominal improvement from 2022’s 1.70%. Those rates...

SNAP payment errors up slightly in 2023

NewsBreak

Missouri taxpayers hit with penalties, interest after claims exceed cap on food pantry tax credit

For the third year in a row, taxpayers claiming Missouri’s food pantry tax credit found they didn’t get the full value when the state Department of...

Missouri taxpayers hit with penalties, interest after claims exceed cap on food pantry tax credit

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