The Hill

The initial $80 billion funding boost for the IRS passed as part of the Inflation Reduction Act (IRA) in 2022 is putting more of the vast U.S. tax system online while digitizing more of the agency’s internal operations. The latest update on the IRS’s operating plan for the increased funding shows that while the tax…

Tax system goes digital after IRS funding boost

McPhersonBuzz News

The IRS will soon issue tax refunds to help with expenses, while upcoming changes to Social Security work credits and proposed tax reforms in “Project 2025” could affect your retirement planning and financial stability. IRS Tax Refunds Coming Soon – What You Need to Know About Social Security Work Credits and 2025 COLA According to […]

$1,730 to Earn One Credit: IRS Tax Refunds, Social Security Work Credits, and “Project 2025” Tax Reforms – What You Need to Know!

Retirement Daily

Confused about estimated taxes? See how withholding can simplify your retirement.

Estimated Taxes vs. Withholding: What Retirees Need to Know

UPI News

The Treasury Department and the IRS said Thursday over $1 billion has been collected in past-due taxes from high-income, high-wealth Americans. It was made possible by the Biden administration Inflation Reduction Act.

IRS collects more than $1 billion in back taxes from wealthy under Biden's IRA

DELCO.Today

The average estimated-tax penalty rose to around $500 in fiscal year 2023 from about $150 in 2022. Penalties on underpayments of income taxes paid quarterly rather than through paycheck withholding have recently surged, writes Laura Saunders for The Wall Street Journal. There are many groups who pay their taxes this...

How to Avoid Costly IRS Penalties

Lancaster County, PA

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NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

Kiplinger

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

IRS Ends Inherited IRA Confusion: Annual RMDs Required for Many

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

Black Enterprise


Following the death of a loved one, there may be fear and uncertainty about what to expect. However, needs must be attended to on behalf of the deceased. Specifically, an estate executor must be appointed to carry out essential responsibilities for the decedent’s estate.


It is important to note that if you are named executor of a will you are not legally required to carry out any tasks. An executor is liable for any mismanagement of an estate. The position may not be suitable for everyone.


The following are some of the primary responsibilities of being the executor of a will.


Obtain the...

Here’s What You Need To Know As Executor Of An Estate

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Carol Perez

There are lots of places in the US where you don’t necessarily need a car. There might be good public transportation and/or your area might be walkable, but for others, this might not be the case.

Free Car Programs: 16 Ways to Get a Car Without Paying

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

Looking for the best ways to get free money from the government? Getting free money from the government might sound too good to be true, but there are actually several ways you can receive financial assistance. From helping with monthly expenses to finding unclaimed funds, these programs and resources can be a big help. The…

17 Ways To Get Free Money From the Government

West Virginia State

Norfolk, VA

Four Virginians were confirmed to be onboard when the Titanic sank on April 14, 1912. Phillip Acts and Selini Decker, who lived a few blocks apart in Norfolk, died when the ship sank. Richmond native Robert Decker and Eloise Smith, who later moved to Richmond from West Virginia, survived.

There's a reason no remains from the Virginia Titanic victims will ever be found

Kentucky State

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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

Savannah, GA

Daily Coffee Press

Newly returned indictments in the Southern District of Georgia include felony charges for illegal firearms possession and drug distribution, while additional defendants have been sentenced to federal prison or await further proceedings after pleading guilty to federal gun charges.

Federal Charges in Southern GA: Indictments and Sentences for Firearms and Drug Offenses

Virginia State

History Facts lists eight names US parents no longer give their newborns, which you may no longer hear in Virginia. The girls' names are Doris, Gertrude, Mildred, and Judith. I know or have known women with all four names, but they are either baby boomers or boomer parents' ages and someone's grandma or great aunt. Consider the ages of females in Virginia you know with these names.

Eight names parents in Virginia may no longer be giving to their newborns

Chicago, IL

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?

Rite Aid is making headlines again, but unfortunately, not for the best reasons. The essential pharmacy chain is closing a staggering 400 stores, a major uptick from the 143 closures initially planned when it filed for Chapter 11 bankruptcy last October.

A large retail chain is shutting down hundreds stores after going through Chapter 11 bankruptcy

Wisconsin State

Brookfield, WI

In a wave of unexpected newsunexpected newsunexpected newsunexpected news, Piggly Wiggly has shuttered its store in Brookfield, Wisconsin, leaving customers feeling as if they've lost a family member. The closure, originally set for June 15, was moved up abruptly, catching shoppers off guard as the aisles emptied out with a clearance sale offering 50% off all merchandise.

500-store Grocery Chain Closes Location, Shoppers Cry.

Ronkonkoma, NY

The New York Post reveals that two men who died in a plane crash at MacArthur Airport were from Virginia. The men had been visiting friends in Long Island and were returning home when the tragedy occurred.

Life partners from Virginia have been identified as the victims of a New York plane crash

PYMNTS

NewsBreak

Tracking Unclaimed Property Helps Firms Avoid Tax Audits and Penalties

Maybe you’ve gotten the emails, or heard through word of mouth: There are billions of dollars’ worth of unclaimed assets held by state governments. Ann Fulmer,...

Tracking Unclaimed Property Helps Firms Avoid Tax Audits and Penalties

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