Tax

Employee benefits like 401(k) plans are provided by some employers; in some situations, employees can contribute a portion of their income to the plan. However, a recent survey from the Harvard Business Review indicates that far too many…

The most recent cost-of-living adjustment (COLA) for Social Security was 8.7%. This was the most significant increase in decades. Inflation soared in 2022, driving up the cost of living for all retirees and causing many to struggle…

President Joe Biden asserted that his Inflation Reduction Act would reindustrialize the country and generate new jobs. Larry Fink of Bank of America and Larry Fink of BlackRock are among the economists and investors who believe that the…

The Supplemental Nutrition Assistance Program (SNAP), also known as food stamps, is the nation's most important hunger relief program. In order to supplement the food budgets of low-income households, the Supplemental Nutrition…

The IRS plans to send four cybercrime investigators to Australia, Singapore, Colombia, and Germany beginning this summer. These four new positions represent a substantial expansion of the IRS' global efforts to combat cybercrimes, such…

After the Inflation Reduction Act was passed in 2022, the IRS will receive nearly $80 billion in additional funding from now until fiscal year 2031 to catch up with backlogs, hire more employees, implement 21st-century technology, go after…

Some tax-advantaged accounts used to pay for retirement, healthcare, and educational costs can help you avoid paying taxes on interest. These accounts, however, have limitations that make them inappropriate for storing emergency funds.…

The Social Security Expansion Act was proposed by Senator Bernie Sanders. A bill introduced in February has been revived. The goal is to ease pressure on America's elderly by providing Social Security with additional funds. Those…