The Labor government has announced a boost in the Disability Living Allowance rates by uprating the work-age benefit. The 1.7% increase in DLA would help people with disabilities with care and mobility costs with PIP (if they are eligible), so UK people should check the rate in boost here. DLA £749 Payment Boost In the … Read more
The Internal Revenue Service has issued the annual notice for the Per Diem rates for taxpayers for FY 2024-25
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
With 2024 coming to an end, many Social Security retirement benefits recipients must be wondering about the changes in retirement age and benefits in 2025. Retirees should be aware of these changes to understand their benefit regulations. Every year the Social Security Administration introduces some changes in the Social Security benefit based on inflation. The … Read more
The fuel charge applies in the provinces of Alberta, Prince Edward Island, Newfoundland, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, and Labrador
The federal government offers various credits to taxpayers that they should know as they get a tax break. Additional Child Tax Credit is one such credit which is the refundable portion of Child Tax Credit claimed by US citizens who have a qualifying child. The ACTC is a refundable credit that would increase your tax … Read more
While the mail method can take up to six weeks to refund your tax return. IRS Direct File which is expected to be available for all in the 2025 tax season allows you to get your refund in just 8 days.
Facebook’s biggest class action settlement of $725 million is still not processed. The valid claimants who have filed their claim form before the deadline of 25 August 2023 must be waiting for the payout. The court granted its final approval for the Facebook settlement last year. According to the latest update, the claimants who have … Read more
The income brackets which require higher premium rates from individuals above 65 from high earners are discussed in this article.
An EIN is a 9-digit number that is assigned to employers, trusts, sole proprietors, corporations, partnerships, estates, certain individuals, and other entities for tax filing and reporting purposes. Interested individuals need to submit a Form SS-4 with valid details to the IRS to get a confirmation letter including EIN. IRS SS-4 Confirmation Letter An SS-4 … Read more