Social Security: States With The Highest Taxes On Social Security Benefits
Social Security recipients must pay federal income taxes on their benefits if they fall within a certain income threshold. There is about 40% of beneficiaries who pay Federal income taxes. The majority of recipients don’t have to pay state taxes on benefits. There are 10 states that tax Social Security benefits, which is a decrease from 12 states just a year ago.
Read full storySocial Security: 2024 Changes Impact Recipients
Social Security is a very lucrative program, you can always look forward to different changes implemented just about every year. That’s the case in 2024, as well. One of the biggest changes affecting benefits this year is a cost-of-livingadjustment (COLA), but it’s not the only one.
Read full storyAT&T Massive Data Breach: Millions of Customers Information Exposed
AT&T said in a statement they have started notifying millions of customers about the theft of personal data recently discovered online. Per AT&T said on Saturday, “A dataset found on the "dark web" contains information such as Social Security numbers for about 7.6 million current AT&T account holders and 65.4 million former account holders.”
Read full storyYour Snap Benefits May Change If You Live in These States
SNAP benefit changes could be on the way for some states that are considering bills regarding the nationwide welfare program. Food Stamps, also known as the Supplemental Nutrition Assistance Program (SNAP) pays out monthly amounts to low and no-income households across America and its territories. Recipients access the funds through an electronic benefit transfer card (EBT), which can be used at stores to buy food and drink. While SNAP is funded by the federal government, it is administered at the state level, meaning each state has the authority to set its own rules for eligibility. Each state can set the income limits.
Read full storySocial Security Reform: Increasing Retirement Age
On Wednesday, the Republican Study Committee presented a budget proposal that increases the retirement age. The proposal suggests having the retirement age to life expectancy, a measure aimed at addressing the looming insolvency of the Social Security fund.
Read full storyAT&T Grants 'Make It Right' Credit to Outage-Affected Customers
AT&T customers affected by Thursday's outage can look forward to getting an automatic credit. AT&T said, “We're crediting them for the average cost of a full day of service.” The company announced on Saturday.
Read full storyNavy Federal Credit Union: Discriminatory Lending Practices Lead to Class Action
A group of attorneys, along with civil rights advocate Ben Crump, claims Navy Federal Credit Union, the world’s largest credit union used racially-motivated lending practices.
Read full storyMore Americans Are Becoming Homeless Due to Nationwide Rent Increases
A growing number of Americans are ending up homeless as soaring rents in recent years squeeze their budgets. Per a reportfrom Harvard's Joint Center for Housing Studies, roughly 653,000 people reported experiencing homelessness in January of 2023, up roughly 12% from the same time a year prior and 48% from 2015. That marks the largest single-year increase in the country's unhoused population on record, Harvard researchers said.
Read full storyA New Tax Bill Will Help Over 400,000 Children
A new tax package could expand the Child Tax Credit to more low-income households which is an estimated $33 billion. A new tax package is making its way through Congress, with some Democrats and Republicans reaching a surprise agreement at the start of the election year for a legislative body that’s had its issues. If this bill passes, the deal could help to fulfill one of President Joe Biden’s promises.
Read full storySNAP Benefits Increase in 2024: Eligibility Requirements & Max Amounts
The U.S. Department of Agriculture (USDA) has adjusted the amount of Supplemental Nutrition Assistance Program, or SNAP, allotments per household. At the beginning of each federal fiscal year adjustments are made to the maximum allotments, deductions, and income eligibility standards for the SNAP program. These modifications are driven by fluctuations in the cost of living, representing the financial requirement for maintaining a basic standard of living, and inflation.
Read full storySocial Security: Some Americans Feel The COLA Increase Is Not Enough
While Social Security is set to increase by 3.2 percent in 2024, many seniors are wondering how the limited inflation adjustment will help them pay their bills each month. According to a recent report from Atticus, the majority of seniors have talked about there dissatisfaction with the cost-of-living adjustment (COLA) for 2024. Roughly, 62 percent of the 400 Americans over the age of 62 in the survey said they were unhappy with the payment bump.
Read full storyGoogle to Pay Consumers $700M from App Store Settlement
Googlewill pay millions of U.S. consumers a combined $700 million from a settlementwith state attorneys general over fees the tech giant charges for use of its app store. The company will pay $630 million to a fund that will go directly to approximately 100 million consumers nationwide, according to details of a settlementthat was made public last week. There will be an additional $70 million to be paid into a fund for states to properly disburse to consumers for similar claims.
Read full storyTitle: IRS Offers Penalty Forgiveness for 2020-2021 Tax Returns
The IRS made an announcement on Tuesday stating, it is going to waive penalty fees for Americans who failed to pay back taxes that is less than $100,000 per year for tax years 2020 and 2021. Would you believe roughly 5 million people, businesses, and tax-exempt organizations making under $400,000 per year will be eligible for the relief starting this week? The IRS said the total amount of forgiveness will be $1 billion.
Read full storySNAP Benefits Update: Lawmakers Push Hot Foods Act
Lawmakers are pushing for the passage of the Hot Foods Act in the 2023 Farm Bill, which would allow SNAP recipients to buy hot and prepared foods using their benefits. United States Rep. Abigail Spanberger is the front runner of the bipartisan effort to allow SNAP recipients to purchase hot food products at grocery retailers through the program. For example, Walmart Grocery Stores has a hot food bar.
Read full storyUpdate iOS: Apple Advises Devices Promptly
Tech giant Applehas recently released another update for iOS. A few weeks ago Apple released the iconic 17.1.1 version. iOS 17.1.2 was made available to the public on Nov. 30, and its focus was to fix two possible security exploitswhich are noted in 17.1.1 per Fox Business. Apple has issued a statement advising, “This update provides important security fixes and is recommended for all users.” The company is urging its customers to download the update as soon as possible.
Read full storyNew Era for North Carolina: Medicaid Expansion Starts Today
It's a new era for North Carolinians due to Medicaid expansion starting today in North Carolina. This grants access to an estimated 600,000 low-income residents across the state to health insurance they did not qualify for in prior years.
Read full storyEquifax Class Action: Extended Claim Period
Do you remember the big Equifax security breach? The Settlement received its final approval from the Court on January 13, 2020. If you were negatively affected by this breach, may review the Final Approval Order and Final Order and Judgment by clicking here.
Read full storyNavient May Owe You Money Due to Class Action Settlements
Student loanborrowers from three states who used Navient, a private student loan servicer, have five days to file a claim to receive part of a $28 million class-action settlement.
Read full storyWeWork Bankruptcy: Unraveling the Unicorn
WeWork, the overwhelmed cooperating space organization, has sought financial protection, denoting shocking destruction for what was once the world's most significant startup. The Chapter 11 declaration was broadly expected after the organization said last month that repaying its debt was a battle. The pandemic shook WeWork as individuals began telecommuting as opposed to driving into office spaces. The organization's stock lost over the vast majority of its worth, and the SoftBank-supported adventure, which was secretly esteemed at around $47 billion at its pinnacle, was valued at $45 million Monday before its insolvency recording.
Read full storySocial Security Benefits: Here Are a Few Ways to Prepare for Upcoming Changes
Social Security analysts recently gave us a grim picture of what will happen after the program’s Old Age and Survival Trust Fund runs out of money in a decade or so. When that happens, Social Security will be solely dependent on payroll taxes for funding — and those cover only about 77% of current benefits .
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