Effective immediately, retired teachers and firefighters will see their monthly pension payments increase by as much as $500, marking the end of the longstanding Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) policies that have historically limited benefits for many public sector retirees. This overhaul, part of a broader legislative effort, aims to address […]

As the gig economy continues to expand, many Americans engage in side hustles to supplement their income. A key consideration for these independent workers is understanding when they are required to receive a Form 1099-K from payment processors and how much earnings threshold triggers reporting obligations. Recent discussions among tax professionals and regulatory agencies suggest […]

Veterans receiving disability benefits from the U.S. Department of Veterans Affairs (VA) can anticipate a notable increase in their monthly payments by October 2025, with estimates projecting an amount of $4,196. This adjustment reflects ongoing efforts by the VA to account for inflation and ensure that veterans’ benefits maintain their purchasing power. The upcoming disbursement […]

Starting in 2026, the age at which Americans can receive full Social Security retirement benefits will increase from 65 to 66, marking a significant adjustment in the nation’s retirement policy. This change, announced by the Social Security Administration (SSA), reflects ongoing efforts to adapt the social safety net to increasing life expectancy and demographic shifts. […]

The recent enactment of a new tax law has significantly increased the standard deduction for married couples filing jointly, raising it to $31,500 for the upcoming tax year. This adjustment aims to provide relief to millions of taxpayers by reducing taxable income and simplifying the filing process. The increase reflects ongoing efforts by policymakers to […]

AT&T has announced a substantial settlement stemming from a $177 million data breach that compromised millions of customer records. As part of the resolution, the telecommunications giant is offering $7,500 in compensation to each eligible claimant who files a valid claim. This move aims to settle allegations that AT&T failed to adequately protect sensitive customer […]