Congressional Plans to Raise Retirement Age: What It Means for Future Retirees

For decades, Social Security has been a great provision of income support on retirement in the United States. Millions of persons depend on this social system to cater to their basic costs of living when they retire from the labor force. These funds are not a means of self-preservation alone but also quality living standards … Read more

Social Security 2026 COLA Projections: What Retirees Can Expect

Social Security 2026 COLA Projections: What Retirees Can Expect

Now comes Social Security COLA time. The simple term sends twinges and thoughts to the empty bellies of many retired Americans—it stands for cost-of-living adjustment: the benefits that are supposed to assure that, when inflation occurs, the income of the retired remains purchasing power equivalent. It affects fixed incomes: food, housing, and health care are … Read more

IRS Updates for 2026: Reporting Gig Work and Side Income for Freelancers

IRS Updates for 2026: Reporting Gig Work and Side Income for Freelancers

In today’s digital age, freelancing and the gig economy are growing rapidly. Millions of people sell their services every year on platforms like Uber, Fiverr, and Upwork. Many earn additional income part-time or as side hustles. But as income grows, compliance with tax rules has become increasingly important. In 2026, the IRS has issued new … Read more

Social Security Benefits 2026: COLA Increase and Impact on Retirees

Social Security Benefits 2026: COLA Increase and Impact on Retirees

Planning for retirement is an important part of life. Like every year, Social Security is scheduled to receive a COLA (Cost of Living Adjustment) increase in 2026. The primary purpose of COLA is to protect retirees from the effects of inflation and increase their monthly Social Security payments. In this article, we’ll explore the 2026 … Read more

YouTube Face Blur Legal Settlement: What Illinois Residents Should Know

YouTube Face Blur Legal Settlement

Introduction: In today’s digital world, video platforms are used by people of all ages. Millions of videos are uploaded daily to major platforms like YouTube, sometimes inadvertently revealing a person’s face or identifying information. This has led to the YouTube Face Blur Lawsuit, alleging that YouTube failed to protect users’ privacy and identity. Residents of … Read more

Employer Pension Plan Shifts: From Defined Benefit to Defined Contribution

Employer Pension Plan Shifts: From Defined Benefit to Defined Contribution

For most of the twentieth century, retirement was considered relatively secure for American workers. This was due to defined benefit (DB) pension plans, which promised employees a lifetime monthly income based on their years of service and salary. This allowed retirees to avoid worrying about outliving their savings and assured financial stability. But this traditional … Read more

Family Tax Relief 2025: How to Claim the Child and Dependent Care Credit

Family Tax Relief 2025 How to Claim the Child and Dependent Care Credit

In today’s times, as the cost of living continues to rise, the expenses associated with caring for children and dependents have become a significant financial challenge for many families. In this context, the “Child and Dependent Care Credit” offered by the U.S. government is proving to be a significant source of relief for many families. … Read more

Federal Solar Tax Credit 2025: Maximum Savings and Claiming Guide

Federal Solar Tax Credit 2025: Maximum Savings and Claiming Guide

Rising electricity costs and growing environmental awareness have made solar energy a valuable option these days. The U.S. government has encouraged citizens to adopt solar energy through the Federal Solar Tax Credit (ITC). In 2025, this credit becomes even more beneficial for families and homeowners who install solar panels on their homes. In this article, … Read more

Medicare Part B Premiums 2026: What You’ll Pay and How to Prepare

Medicare Part B Premiums 2026: What You’ll Pay and How to Prepare

Medicare Part B is a vital part of healthcare, providing essential medical services to older and eligible Americans. It covers doctor visits, outpatient care, home health services, and some preventive services. Each year, the Centers for Medicare & Medicaid Services (CMS) revises Part B premiums and deductibles based on its projections and the rising cost … Read more

Trump Tax Update: SALT Deduction Limit Now $40,000 – Find Out Who Gains

Trump Tax Update SALT Deduction Limit Now $40,000 – Find Out Who Gains

Under the Trump administration’s tax reforms in the United States, the SALT (State and Local Tax) deduction limit has been increased to $40,000. This change is particularly beneficial for high-income taxpayers and families who pay a significant amount in state and local taxes. The SALT deduction allows you to deduct your state and local taxes … Read more