Starting October 2024, Walmart has decided to stop accepting damaged $1 bills in stores across the United States. This new policy is part of a larger effort to prevent counterfeit currency and ensure smoother transactions for everyone. Damaged bills, such as those with tears, cut edges, or excessive wear, will not be accepted at Walmart … Read more
As November 2024 arrives, many Americans are looking forward to their Social Security payments. These payments are made every month, but the exact date depends on when you were born. Understanding the payment schedule is important so you know when to expect your check. Below, you’ll find the full calendar for Social Security payments in … Read more
The IRS has announced that families may be eligible to receive up to $3,600 in assistance through the Child Tax Credit. This refund is designed to help families with children, especially those struggling financially. However, not everyone can claim the full amount. There are specific requirements that must be met, and the refund amount may … Read more
Social Security benefits are a crucial part of many retirees’ income, with millions depending on these payments after they stop working. The Social Security Administration (SSA) recently made an announcement about changes to the cost-of-living adjustment (COLA) for 2025. This adjustment is important because it helps Social Security benefits keep up with rising living costs … Read more
In 2025, the Internal Revenue Service (IRS) is making important changes to income tax deductions, which will benefit millions of Americans, especially those over 65. These updates, including higher standard deductions and additional benefits for seniors, aim to reduce the tax burden and help people save more money during retirement. If you’re over 65, these … Read more
As the holidays approach, many Americans are eagerly awaiting their Social Security payments. The U.S. Social Security Administration (SSA) sends out checks every month, but the dates are not always the same. For those receiving retirement, disability, and survivor benefits (RSDI), payments typically come on the second, third, or fourth Wednesday of each month if … Read more
In a recent change to retirement planning, the IRS has allowed a company to use employee contributions for things other than retirement savings. For the first time, part of an employee’s 401(k) contributions can be used for things like paying off student loans or covering health expenses. The question many are asking is: Is this … Read more
Good news for New York homeowners! The STAR tax relief program is bringing tax checks of up to $1,407 to eligible families. This program, designed to ease the burden of school taxes, is providing much-needed support during tough economic times. Let’s take a closer look at how you can benefit from this program. What is … Read more
Kenneth Rogoff, a well-known economist and chess Grandmaster, has stirred up a lot of discussions with his bold suggestion to abolish the $100 bill. According to him, this would help reduce the use of cash in illegal activities and make the economy more efficient. Rogoff argues that since cash is no longer as commonly used … Read more
Every October, millions of people relying on Social Security eagerly await the announcement of the annual cost-of-living adjustment (COLA) from the Social Security Administration (SSA). This year, the SSA announced a 2.5% increase for 2025. This adjustment helps Social Security recipients—such as retirees, disabled individuals, and others in need—to keep up with rising costs of … Read more