As of the Congressional Research Service, almost 2.1 million individuals were affected by WEP, and 800,000 were impacted by GPO by December 2023. If this bill is implemented, then social security benefits expenditures are expected to raise almost $196 billion.
The State of New Jersey Superior Court has granted the final approval of the Verizon Administrative Charges class action settlement of $100 million in the fairness hearing on 22 March 2024. The Verizon customers who bought the postpaid wireless plans and were charged administrative charges were asked to file the claim form to receive the compensation before the deadline, 15 April 2024.
On 12 November 2024 evening, the bill to revoke the Social Security Windfall Elimination Provision and Government Pension Offset was passed in the House of Representatives, which is the Social Security Fairness Act. The bill was passed in the House with overwhelming bipartisan votes of 327 to 75.
An IRS Wage and Income Transcript provides a summary of the data reported to the Internal Revenue Service (IRS) on information returns such as Forms W-2, form 1099, form 1098, and Form 5498. Interested individuals can request their wage and income transcripts from the IRS.
The WASPI (Women Against State Pension Inequality) payments will provide financial relief to all women who were born between April 6, 1950, and April 5, 1960, and who were affected by the unexpected changes in the state pension age. The WASPI payment will be between £1,000 to £2,950. £2950 WASPI Payment The £2,950 WASPI payment … Read more
The federal government offers eviction rental assistance to safeguard citizens with housing emergencies from facing potential eviction. US citizens can get assistance through the Emergency Rental Assistance Program and ensure financial assistance. People living in the US can check out the rental assistance and the emergency rental assistance program details here. Eviction Rental Assistance The … Read more
The Social Security Administration announced the 2025 COLA earlier, increasing benefits by 2.5%. The increase will impact millions of Social Security recipients. Now, Social Security beneficiaries are wondering about the Medicare Part B Premium increase. Let’s see the projected increase in 2025 Medicare Part B Premium. $185 Social Security Payment The Social Security Administration has … Read more
The $727.67 Old Age Security Payment is a valuable Canadian pension for seniors in retirement age over 65. Qualifying seniors can also be eligible for three additional benefits under OAS which are GIS, Allowance, and Allowance for the Survivors. The payment dates for $727.67 OAS in November 2024 will be 27 and in December, it … Read more
The American Opportunity Tax Credit (AOTC) refund for the tax year will be $1,000 if you meet all the qualifying requirements and file timely. The refund of AOTC can be filed between the last week of January to the second week of April 2025. Filers can anticipate their refund after 21 days of filing. $1,000 … Read more
HSAs, the best way to handle healthcare expenses, come with very considerable tax benefits. To begin with, the IRS has only recently increased the annual contribution limits of HSAs for 2024: “Annual Limits on Contributions to an Individual Account in a CDHP.” HSA Contribution Limit A Health Savings Account (HSA) is a tax-advantaged savings account … Read more