Category: Taxes

Here, we provide advice and helpful tips on navigating the world of taxes, including understanding tax forms and maximizing deductions, which ensures that you have the knowledge and tools necessary to file your taxes with confidence.

Social Security Increase: New Plan for Bigger Checks | Boosting Benefits and COLAs for Seniors Act

Learn how the new Social Security updates aim to better align senior benefits with their actual living costs. In this update, we delve into significant changes to Social Security, focusing on the Boosting Benefits and COLAs for Seniors Act, and how it impacts retirees, as well as those on SSI and SSDI. You’ll learn how … Continue reading Social Security Increase: New Plan for Bigger Checks | Boosting Benefits and COLAs for Seniors Act


How the New SNAP Legislation Affects Social Security Recipients | Impact on your Benefits

Learn about the proposed “COLAs Don’t Count Act” and how it might prevent cuts in SNAP benefits due to Social Security COLAs, ensuring food security for recipients. In this update, explore the significant changes proposed in the “COLAs Don’t Count Act,” which aims to protect SNAP benefits from reductions caused by Social Security cost-of-living adjustments … Continue reading How the New SNAP Legislation Affects Social Security Recipients | Impact on your Benefits


What to Do If You Missed the Tax Filing Deadline: Steps to Take to Avoid Penalties and Interest

Learn how to handle missing the IRS tax filing deadline with effective steps to minimize penalties, useful payment options, and insights into taxpayer rights. If you missed the April tax filing deadline, don’t worry! This guide covers essential steps like how to file late and reduce penalties, payment options including installment plans, and methods for … Continue reading What to Do If You Missed the Tax Filing Deadline: Steps to Take to Avoid Penalties and Interest


Social Security Update: How SSI Rental Subsidy Expansion Increases Benefits

Learn about the expansion of the SSI rental subsidy and how it can increase your Social Security benefits. Discover what this means for eligibility and how to apply. In this overview, you’ll discover how the latest update from the Social Security Administration can help you or someone you know increase and qualify for more Social … Continue reading Social Security Update: How SSI Rental Subsidy Expansion Increases Benefits



What to Do If You Can’t File or Pay Your Taxes On Time: Extensions, Payments, and IRS Penalties

Learn about tax extensions, payments, and penalties, and how to manage them effectively, whether you’re a freelancer or traditionally employed. Discover how to avoid costly mistakes and protect your future refunds. Strategies for tax management, particularly if you’re tackling your taxes past the deadline. Grasp the essentials of securing a tax extension with IRS Extension … Continue reading What to Do If You Can’t File or Pay Your Taxes On Time: Extensions, Payments, and IRS Penalties


Child Tax Credit Bill: 2024 Update on Senate Progress and Legislative Challenges

Learn about the complexities of the child tax credit and its journey through the Senate, including potential impacts on your family’s finances and the broader economy. Dive into the ongoing Senate debates on the Child Tax Credit Bill, a pivotal piece of legislation impacting American families, particularly those from low-income households. This segment examines the … Continue reading Child Tax Credit Bill: 2024 Update on Senate Progress and Legislative Challenges


Federal Tax Credits and Deductions Explained: A Beginner’s Overview

How to reduce taxes. Learn how to navigate IRS tax deductions and credits to maximize your tax refund. Discover strategies to lower your taxes through detailed explanations of credits like the Child Tax Credit and key deductions. An introduction to Federal tax credits and deductions. In this guide, you’ll learn how to navigate tax season … Continue reading Federal Tax Credits and Deductions Explained: A Beginner’s Overview


Social Security and Inflation: Update on COLA Increases

The latest 2024 update on Social Security’s Cost of Living Adjustment (COLA) comes from recent inflation reports. Discover tax issues, and how inflation affects your benefits and find strategies to preserve your financial health throughout retirement. Explore the crucial aspects of the Social Security Administration’s (SSA) Cost-of-Living Adjustment (COLA) in 2024 for 2025, its pivotal … Continue reading Social Security and Inflation: Update on COLA Increases