TheStreet

There are different types of IRS tax penalty abatement and relief, and they can apply differently depending on the type of penalty you receive.

IRS tax penalty abatement and relief

Kiplinger

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

IRS Ends Inherited IRA Confusion: Annual RMDs Required for Many

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!

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?

Retirement Daily

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

Estimated Taxes vs. Withholding: What Retirees Need to Know

New rule changes by the IRS could give some consumers a chance to pull from their retirement savings early. The Internal Revenue Service says it's okay to use 401k funds for certain emergencies.

New IRS Rules Allow Early 401(k) Withdrawals for Specific Emergencies

New York City, NY

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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

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

The Motley Fool

Slow and steady inflation is ultimately good for Social Security recipients.

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

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!)

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Bucks County Beacon

Written by Amy Lieberman , The Conversation ; Jeff Inglis , The Conversation , and Naomi Schalit , The Conversation. The U.S. Supreme Court has ruled that a president, including former President Donald Trump , “may not be prosecuted for exercising his core constitutional powers, and he is entitled, at a minimum, to a presumptive immunity from prosecution for all his official acts.”

Supreme Court Rules Trump Had Partial Immunity as President, but Not for Unofficial Acts

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

Illinois State

Chicago, IL

Foodie in Chicago

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

COMMONWEALTH Utilities Corporation Executive Director Kevin Watson said they have met with Commonwealth Healthcare Corporation officials regarding CHCC’s utility bills, and “it’s a very positive meeting.”. “I feel confident that we can work with them and come up with the best solutions not only for CUC but...

CUC official optimistic after meeting with CHCC on utility payments

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?

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

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

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

Savannah, GA

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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

If you don't know the rules, it could cost you thousands in taxes and fees later on.

3 New Required Minimum Distribution (RMD) Rules Everyone Needs to Know About in 2024

NewsBreak

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

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 questions $5.8M federal tax lien vs CCC

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