Author: Juliet
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Maximum Monthly Federal SSI Payment Increase: Individuals to Receive Up to $967 Starting January 2025
The Social Security Administration (SSA) has announced a significant increase in the maximum monthly Federal Supplemental Security Income (SSI) payment for eligible recipients, set to take effect in January 2025. Beneficiaries can…
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Retrospective Payments Issued to 3.2 Million Retirees Following WEP and GPO Repeal—Discover if You Are Eligible for a Lump Sum of Thousands
Millions of retirees who have been impacted by the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) may soon receive retrospective payments following legislative changes aimed at repealing or modifying these…
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Social Security Benefits to Rise by at Least $49 Monthly in 2025
Recipients of Social Security benefits can expect an increase of at least $49 per month in 2025, marking the third consecutive year of benefit adjustments driven by inflation. The Social Security Administration…
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Understanding the Side Hustle Threshold: You Need Over $20,000 in Payments to Receive a 1099-K
For millions of Americans engaging in side gigs or freelance work, understanding the tax reporting thresholds can be crucial. The IRS requires third-party payment processors like PayPal, Venmo, or platforms such as…
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Green Energy Tax Credits Expiring After 2025: What Homeowners Need to Know
As the federal government moves toward encouraging sustainable energy adoption, recent legislative proposals indicate that green energy tax credits could face significant changes after 2025. These incentives, designed to reduce the upfront…
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The 17 Trillion Dollar Question: Economists Clash Over Trump’s Estimated Global Investment Figures
Recent estimates suggesting that former President Donald Trump’s global investment portfolio could be valued at approximately $17 trillion have ignited a vigorous debate among economists, policymakers, and financial analysts. While some hail…
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Consumer Costs Surge: 3.1% Core CPI Erodes $49 Social Security Increase
The recent release of the Consumer Price Index (CPI) data reveals a notable increase in core inflation, rising by 3.1% year-over-year. This surge in consumer costs has significant implications for millions of…
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Taxpayer Alert: The ‘One Big Beautiful Bill’ Could Increase the Deficit by Three Point Four Trillion Dollars
Amid ongoing debates over federal fiscal policy, a new legislative proposal known as the “One Big Beautiful Bill” has garnered significant attention for its potential to dramatically alter the nation’s fiscal outlook.…
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Maximize Your Earnings: Claim Tax Deductions on Up to $25,000 of Overtime Pay in 2025
Taxpayers who earn overtime pay in 2025 now have a significant opportunity to reduce their taxable income through targeted deductions. The Internal Revenue Service (IRS) has clarified that up to $25,000 of…
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Low-Income Families Face Income Reduction of Up to $1,650 Under New Policy Changes
Low-income families across the United States are set to experience significant financial impacts due to recent policy adjustments, with potential income reductions reaching up to $1,650 annually. The changes, which stem from…
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