New Jersey State

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

Kiplinger

Retirees especially could benefit from these tax-efficient strategies that focus on what you leave your heirs and what kind of accounts your money is in.

Three Ways to Pay Less Taxes to Uncle Sam

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

SmartAsset

Converting an IRA to a Roth IRA is a popular approach to avoiding mandatory required minimum distributions (RMDs) - and the associated taxes - in your 70s and beyond. Doing it gradually can stretch out and even reduce the tax bill compared to converting it all at once. In your case, the key question is […] The post I’m 63 and Make $125k, With $900k in an IRA. Should I Do a Roth Conversion on $90k per Year to Avoid RMDs? appeared first on SmartReads by SmartAsset.

I'm 63 and Make $125k, With $900k in an IRA. Should I Do a Roth Conversion on $90k per Year to Avoid RMDs?

The Internal Revenue Service said Thursday that it has collected more than $1 billion in past-due taxes from millionaires since last fall.

IRS collected $1 billion in back taxes from millionaires in less than a year

Social Security benefits got a 3.2% cost-of-living adjustment (COLA) in 2024, but two-thirds of retirees say their expenses have increased more quickly, meaning benefits lost buying power. The Senior Citizens League thinks benefits will get a smaller COLA of 2.6% in 2025, which is particularly bad news for retired workers...

Social Security Benefits Get a Cost-of-Living Adjustment (COLA) in 2025, But the Latest Forecast Is Bad News for Retirees

Two estimates reflecting the June inflation numbers project a lower Social Security COLA in 2025 than in 2024. Even with moderating inflation, there's still a big problem for retirees with whatever next year's COLA will be. Step aside, Wimbledon. Forget the summer Olympic games. Many retirees across the U.S. are...

Here's the Latest 2025 Social Security COLA Estimate -- and Why It's Both Good News and Bad News for Retirees

Chicago, IL

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

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

New York City, NY

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

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?

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

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?

Business Insider

Retirees explain what it's like to live on Social Security checks and no savings.

Baby boomers living on $1,000 a month in Social Security share their retirement experience: 'I never imagined being in this position.'

Virginia State

In Virginia, Drinking in public or offering another person alcohol in a public space is prohibited. This is a class 4 Misdemeanor punishable by a fine of up to $250.00. Under a new law that goes into effect on July 1, this will change to a degree.WDBJ7 reports that the prohibition on drinking or offering an alcoholic beverage to someone else in public will no longer apply under the following conditions.

Drinking in public will no longer be prohibited on private Campgrounds in Virginia beginning July 1

California State

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Anika Jindal

Affluent people can splurge their money on the most luxurious possessions and lifestyles. However, most rich people are wise with money, refrain from making unnecessary purchases, and instead put their money to profitable use. Check out the list of 12 such things.

12 Things People Who Are Good With Money Will Never Spend On

Morristown Minute

NEW JERSEY - Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced today that Walmart has agreed to pay $1.64 million to settle allegations of unlawful unit pricing practices across its 64 New Jersey retail stores. The settlement, which includes a $1.61 million civil penalty, marks the largest ever obtained by the Division’s Office of Weights and Measures (OWM).

Walmart Pays $1.64M Settlement for Unlawful Pricing in NJ

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Arkansas State

FinanceBuzz

While you may pay federal taxes on your Social Security benefits, many states don’t tax them. Here are the 41 states you may want to consider for retirement.

41 States That Don't Tax Social Security

LehighValleyLive.com

NewsBreak

When will I get my ANCHOR benefit? The latest on N.J. property tax savings.

Now that the next ANCHOR property tax benefit was funded in the new state budget, residents want to know when they can...

When will I get my ANCHOR benefit? The latest on N.J. property tax savings.

Comments / 0