Many seniors rely on Social Security as a major source of income. However well you save for retirement, you may still require these benefits to help supplement your savings in later life. As a result, it’s critical that you file for benefits strategically. The monthly … Read more
One of the most critical decisions you’ll have to make as you near retirement is when to start claiming Social Security benefits. The earliest you can file for benefits is at age 62, and it’s also the most common time at which people begin receiving … Read more
Despite its importance, Social Security is a difficult program to understand and navigate. It’s possible to be affected by a slew of different rules when it comes to your retirement income and the benefits you’re entitled to. Sadly, if you don’t grasp the fundamentals, you … Read more
It’s becoming increasingly unlikely that the expanded Child Tax Credit will be extended as the country enters its second stimulus-free month. Economic Impact Payments have been discontinued, and it is highly unlikely that they will be reinstated. This year’s tax season, however, there are still … Read more
During the past two years, have you had any issues with the Internal Revenue Service? Many people have come to me to vent their frustrations with the Internal Revenue Service. In this article, we’ll expose a number of IRS misconducts. Ideally, the solutions are self-evident. … Read more
Social media sensation: Jan. 19 was the deadline for $2,000 stimulus checks. Political Fact has deemed this statement to be false This is the reason: False claims about $2,000 stimulus checks being delivered on Jan. 19 have been made on Facebook. “$2000 January 19th – … Read more
After a staff shortage during the pandemic, the IRS has hired new employees, but the challenge is still great. Last year’s tax returns have yet to be processed by the IRS. Taxpayers will file millions of returns this year, and the IRS is swamped with … Read more
For example, imagine filing and paying your taxes last year only to receive a letter from the IRS months later that says otherwise. Many taxpayers are finding that out the hard way this year, thanks to IRS automated notices. But don’t freak out if you … Read more
UPDATED: Feb. 12 (UPI) — The U.S. Supreme Court on Thursday Because of concerns about how the IRS plans to protect biometric data after cancelling its contract with ID.me, the agency collected facial recognition data from 7 million taxpayers using ID.me software. Oversight Committee members … Read more
Processing of 2021 tax returns has begun by the Internal Revenue Service. The deadline for submitting tax returns is April 18th. Because of the massive backlog of 2020 tax returns, the IRS has sent out CP80 notices to taxpayers who have already filed their returns. … Read more