The IRS will be automatically paying up to $1,400 to almost 1 million individuals in the upcoming weeks. The $2.4 billion in these payments will either be made as paper check or instantly transferred into bank accounts. The IRS said that those taxpayers who did not claim RRC on their 2021 tax returns will get … Read more
Veterans in America receiving disability compensation from DVA will get 50 VA Disability Pay Increase in 2025. These changes have an impact on percentage raises, pay rates, and other important data. The VA disability rates for 2025 are adjusted annually to account for increases in the cost of living, the CPI-W is related to COLA, … Read more
Over 98 million customers’ and credit card applicants’ private information was made public by one of the biggest data breaches in Capital One’s history in 2019. Social Security numbers, names, residences, credit scores, and even bank account information were included. Due to the breach’s significant impact on financial fraud and identity theft, a $190 million … Read more
One million taxpayers will have a good news in new year thanks to a check from the Internal Revenue Service. In last week of January 2025, some taxpayers may get stimulus checks totaling around $2.4 billion. According to IRS-reviewed internal data, a large number of taxpayers who filed returns in 2021 did not claim the … Read more
Beyond a higher monthly payment, a 100% VA disability rating has many benefits that can improve your quality of life, even when the financial boost is significant. As 2025 is here, VA will begin adjusting veterans’ disability compensation payments based on the Cost-of-Living Adjustment (COLA). To help veterans keep up with inflation, a 2.5% COLA … Read more
The latest cost-of-living adjustment (COLA) has resulted in a confirmed 2.5% increase in the 2025 VA disability pay rates, which took effect on December 1, 2024. These updated rates guarantee that veterans and their families will continue to receive equitable compensation for service-connected disabilities based on their individual needs. Veterans who have service-connected disability are … Read more
Payments for the first GST credit benefit of 2025 will be made on Friday, January 3. A tax-free quarterly payment known as GST credit is available to individuals and families with “low and modest incomes” to help them balance the GST they pay. The states’ and territories’ program contributions can also be incorporated. You will … Read more
This year, new laws will be implemented in Canada that will affect consumers, workers, seniors, families, people with disabilities, the environment, and the overall economy. Here is a look at CPP Payment Changes 2025. In 2025, employers and employees in Canada will continue to make contributions to their Canada Pension Plan (CPP) at the same … Read more
Nearly every family with children is eligible for the Child Tax Credit (CTC). However, the Tax Policy Center projects that one in four children under the age of 17, will receive less than the full credit amount in 2025 due to their parents’ insufficient income. Families with incomes of at least $2,500 the minimum required … Read more
OAS in Canada provides a monthly income to assist with living expenses, is a vital component of financial assistance for seniors. The government gives the nation’s low-income seniors a monthly payout under OAS. As most of them depend on a fixed income, the seniors in Canada are the group most affected by rising inflation. In … Read more