Robin
The IRS has made a major change in tax reporting rules for digital income, effective for the 2024 tax year. If you earn over $5000 through digital payment platforms like PayPal, Venmo, or Cash App, you’ll now have to report it when filing your taxes. The key objective of the shift is to ensure that … Read more
The process of filing income tax returns with IRS is upon us-this is tax season. The time of year can be stressful for many taxpayers, especially for newcomers. You may not owe as much as you think. Tax credits can reduce your tax bill, and, in some cases, may even qualify for refunds. Knowing which … Read more
People aged 65 and above expressed joy when President Joe Biden ratified the Social Security Fairness Act. The newly signed legislation raises Social Security payments for 3.2 million retiree groups and their spouses after it eliminates two controversial benefit restrictions. The sudden delay in benefit payments became known to retirees who anticipated quick financial improvement … Read more
The Supplemental Nutrition Assistance Program(SNAP), popularly called food stamps, is a major federal program that assists low-income individuals and families to buy food. Currently, SNAP benefits are issued to more than 42 million Americans on a monthly basis, which also includes several thousands of Floridians. The electronic benefits transfer(EFT) card functions the same way as … Read more
Social Security is under the spotlight again, with fears about further changes to come bubbling closer to the surface. A recent study subsidized by AARP and conducted by the National Academy of Social Insurance (NASI) found support among a number of Americans—across political lines—for an increase in Social Security benefits specifically for caregivers and older … Read more
The ACTC reaches millions of low-income families, which lessens the burden of raising children. It is available to a taxpayer who qualifies for the Child Tax Credit but cannot take the full benefit of such due to having no tax liability.The ACTC helps these families reduce their tax obligations, engendering a significant relief whereby eligible … Read more
The outcome of recent elections has brought expected financial and budgetary modifications for the new year. The high cost of living stands as the main voter concern while Americans look forward to understanding planned modifications in low-income government assistance programs. The Trump administration presented budget plans which will inflict major cuts to federal assistance programs … Read more
American history holds the Bicentennial quarter close because it was minted during 1975 and 1976. The coin bears the dual date “1776–1976” and features a colonial drummer motif to mark the bicentennial of the nation.Ordinary Bicentennial quarters are only worth twenty-five cents but extremely rare specimens have reached astronomical values with their most valuable example … Read more
America’s rarest coins hide deep in collections of museums and pockets of everyday individuals with extensive monetary worth. Millions of dollars are paid for these historical treasures that include the famed Bicentennial Quarter alongside the Flowing Hair Silver Dollar.Whether due to limited mintage, historical significance, or a rare minting error, these coins remain highly sought … Read more
Haven’t you ever wondered whether those jingling coins in your pocket could actually be worth a pretty penny? As ridiculous as it sounds, certain American historical currency did take off and trade for remarkable prices among collectors. We take a look at four of the most valuable coins that have piqued the interests of collectors … Read more