WashingtonExaminer

The first round of July’s three Social Security payments, worth up to $4,873 for those who retire at 70, will go out in 13 days. The first round of payments is set to go out Wednesday, July 10, to beneficiaries who were born on or before the 10th. People born on or between the 11th and 20th of the month […]

Social Security update: First round of July payments worth $4,873 goes out in 13 days

The Motley Fool

A living trust might seem like something you don't need, but it could benefit you and your heirs in a number of surprising ways.

3 Reasons to Seriously Consider Using a Living Trust to Pass an Inheritance to Your Family

Chicago, IL

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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?

rolling out

Property taxes are a significant expense for homeowners, often constituting a large portion of annual household costs. Given that property taxes are based on the assessed value of your home, it is crucial to ensure that this assessment is accurate. If you believe your property is over-assessed, you may have the opportunity to request a reduction in home taxes from your local county assessment office. This article will guide you through the process, providing valuable tips to help you successfully lower your property tax burden.

Tips to request a reduction in property taxes from your local county assessment

The Social Security Administration (SSA) recently announced plans to distribute over $900 million in delayed payments for disabled individuals eligible under the Supplemental Security Income (SSI) program. The substantial sum will recompense eligible individuals who were incorrectly paid less over the past decade. The origins of these underpayments, which total...

SSA to correct underpayments with $900 million distribution

Kiplinger

The agency has resolved a major point of uncertainty for inherited IRA beneficiaries.

IRS Ends Inherited IRA Confusion: Annual RMDs Required for Many

MANILA (Reuters) — Heavy rain from Typhoon Gaemi has flooded the Philippine capital Manila and nearby cities, forcing authorities to shut schools, offices and cancel flights on Wednesday and declare a state of calamity in a region that is home to 13 million people. The storm, which is strengthening...

Floods, flights canceled as Typhoon Gaemi dumps heavy rain on Manila

Mississippi State

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Fulton, MS

Mississippi News Group

Written with A.I. assistance. According to the Office of the State Auditor, JACKSON, Miss. – In a press conference today, State Auditor Shad White disclosed that Timothy Lucius, a former Itawamba Community College Telecommunications and Information Services Technician, has been apprehended by Special Agents from his office. Lucius faces one count of embezzlement following allegations of illicitly selling college-owned electronic equipment through his personal eBay store and pocketing the proceeds.

Itawamba Community College Former Employee Arrested for Embezzlement

The Treasury Department and the Internal Revenue Service (IRS) have issued updated guidance on required minimum distributions (RMDs) from Individual Retirement Accounts (IRAs) and other retirement plans. These final regulations, which align closely with the proposed rules from 2022, reflect changes introduced by the SECURE Act and the SECURE 2.0 Act.

Treasury and IRS Update RMD Regulations for IRAs and Retirement Plans

The second round of Summer Electronic Benefit Transfer (EBT) payments will be sent out by the Department of Health and Human Services (DHHS) today. Eligible households will receive a new Summer EBT card with $120 per child starting on July 19. Households will receive only one card with the full benefit amount for all eligible children.

Second Round of Summer EBT Payments Going Out

Saint Louis, MO

The Center Square

(The Center Square) – The City of St. Louis’ guaranteed basic income payments were suspended for two weeks in response to an injunction request in a lawsuit challenging the program.
                With $220,000 ready to be deposited into two banks and distributed by adding funds to debit cards, St. Louis Circuit Court Judge Joseph Whyte granted a 15-day injunction to stop the process. The order also halts all payments to private individuals in the program. The order also requires the city to reclaim any amounts not...

Judge stops July's $220K payment from St.Louis' guaranteed basic income program

Plaquemine, LA

The U.S. Department of Justice says a former bank manager has admitted to stealing over a quarter million dollars from customers to fund his own spending habits. The DOJ says 53-year-old Eric Jason Schouest of Plaquemine, Louisiana, has pleaded guilty to embezzlement and bank fraud. Prosecutors say Schouest admitted to...

Bank Executive Steals $250,000 From Customers, Directly Accessing Bank Accounts To Fund His Lifestyle: US Department of Justice

The Associated Press

SEATTLE--(BUSINESS WIRE)--Jul 24, 2024-- Milliman, Inc., a premier global consulting and actuarial firm, recently released its 2024 Retiree Health Cost Index which projects how much money, on average, a healthy 65-year-old can expect to spend on healthcare costs in retirement. The index explains how factors like when a person retires, where a person lives, and which coverage a person chooses will impact the total cost of premiums and out-of-pocket expenses. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724444510/en/ Source: Milliman Retiree Health Cost Index, www.milliman.com/retireehealthcosts

Milliman Retiree Health Cost Index: A 65-year-old couple needs $395,000 in savings for healthcare in retirement

Virginia State

Cheryl E Preston

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

Last week, the IRS confirmed that most nonspouse beneficiaries have 10 years to deplete inherited retirement accounts and must take yearly required minimum distributions, or RMDs. The rule applies to accounts inherited since 2020 if the original account owner had already started RMDs. However, you could save on taxes by...

IRS issues final rules for inherited IRAs — but many are 'missing the boat' on taxes, pro says

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

California State

The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

Bucks County Beacon

“[I]nvoking the favor and guidance of Almighty God,” the Constitution of the Confederate States of America composed by southern slaveholders in 1861 sought to “establish justice, insure domestic tranquility, and secure the blessings of liberty to ourselves and our posterity.” The authors of Project 2025, the latest playbook for restructuring the federal government in order to accomplish the policy goals of Christian Nationalists, similarly declare their manifesto will “decide America’s future” by securing their “God-given individual rights to live freely” and exercise dominion over others.

Legislating Inequality: The Christian Confederate Roots of Project 2025

THE CNMI Division of Revenue & Taxation is questioning the $5.8 million tax lien that the U.S. Internal Revenue Service filed against the Commonwealth Casino Commission. Rev & Tax legal counsel, Assistant Attorney General Dustin Rollins, provided the IRS's Martin L. Humpbert copies of W-2s for the commission's 10 employees during the 2022 tax year. Rollins said the 10 employees were included in the filings of the CNMI government, therefore "it appears the assessment of the tax lien is erroneous."

Rev & Tax questions $5.8M federal tax lien vs CCC

Illinois State

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

NewsBreak

No more ARPA, CARE funds for CPA by September

THE $37 million in American Rescue Plan Act and Coronavirus Aid, Relief and Economic Security Act funds that the Commonwealth Ports Authority received three years ago...

No more ARPA, CARE funds for CPA by September

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