IRS

Putting off filing federal income taxes can be costly even for those expecting a return. If you get a late start, scammers may have more time to take your tax refund. However, the Internal Revenue Service now provides a second degree of…

The maximum monthly Social Security payments for 2023 will be $4,555. This is an increase from 2022 when the maximum payout was $4,194 per month and is the highest monthly pension a senior citizen may get. Social Security Benefits 2023…

There are numerous names for a Solo 401(k), including personal, individual, self-employed, Solo, and Uni-k. Whatever their names, they all refer to retirement savings plans for proprietors of small businesses who don't hire anyone…

The Internal Revenue Service (IRS) has delayed a plan to require taxpayers to report third-party cash transfers of $600 or more. The interruption was announced on Friday in order to make the 2022 tax year a transitional year for the new…

Finding work can be both exciting and stressful. With so much to do when changing jobs, it's easy to overlook dealing with a 401(k) plan from your soon-to-be former employer. According to a study conducted by the fintech company…

The IRS sends out reminders to people who are retiring or approaching retirement age regarding mandated withdrawals from retirement accounts. The Internal Revenue Service claims that a 50% excise tax on the distribution amount is possible…

Once in a while, the winter holidays land on a Saturday or Sunday and it may affect the timely delivery of your Social Security payments. Both Christmas Eve and Christmas Day are on weekends this year; similarly, New Year's Eve and New…

The lawmakers in Maine are aware of how cold it may be in the Pine Tree State as well as how expensive heating costs will be this winter due to record-high energy rates.  To help the people of Maine in managing their winter heating…