Category Personal Finance

Donald Trump’s proposal to eliminate U.S. income taxes for Americans living abroad marks a significant shift in tax policy, raising concerns about its broader implications. Under current U.S. tax law, citizens are taxed on their worldwide income, even when they…

The Supplemental Security Income (SSI) payment for November, worth up to $943, is scheduled to be distributed on November 1st. This monthly benefit, provided by the Social Security Administration (SSA), supports individuals with disabilities that limit their ability to work…

As 2025 nears, financial advisors are preparing for the expiration of key provisions from the 2017 Tax Cuts and Jobs Act (TCJA), which will affect income, estate, and gift tax planning. Some of the temporary provisions set to expire include…

The Social Security Administration (SSA) has expanded the rental subsidy exception for Supplemental Security Income (SSI) to all 50 states, a policy previously available in just seven states—Connecticut, Illinois, Indiana, New York, Texas, Vermont, and Wisconsin. This change is expected…

Social Security officials announced a 2.5% cost-of-living adjustment (COLA) for benefits in the coming year, marking the smallest increase since before the COVID-19 pandemic. The adjustment, based on federal estimates of private-sector wages, will affect Social Security recipients, military retirees,…

The Social Security cost-of-living adjustment (COLA) for 2025 has been set at 2.5%. While this increase may seem modest compared to recent years—especially post-pandemic adjustments driven by high inflation—it reflects a more stable inflation environment. Here’s a breakdown of what…

A new, in-depth analysis of Donald Trump’s proposed tax policies for the 2024 presidential campaign reveals that they would lead to annual tax hikes for 95% of Americans while giving significant breaks to the wealthiest 5%. The Institute on Taxation…

Lisa Jolly’s story highlights the crucial role the Affordable Care Act (ACA) and enhanced premium tax credits play in providing healthcare coverage for many Americans, particularly those with significant health issues. Here’s a summary of her situation and the broader…