Users of the popular mobile payment platform Cash App will soon be eligible to receive checks amounting to as much as $147, following a recent $12.5 million settlement related to unsolicited text messages. This settlement stems from allegations that the company violated the Telephone Consumer Protection Act (TCPA) by sending automated marketing messages to users...
In a significant development for millions of American retirees, Social Security benefits are projected to increase by at least $49 monthly starting in 2025. This adjustment comes as part of the annual cost-of-living adjustment (COLA) that aims to keep pace with inflation and rising living expenses. With inflation impacting household budgets across the nation, this...
Families across the United States have the opportunity to receive substantial refunds from the Child Tax Credit, with eligible taxpayers potentially claiming up to $1,700 per child. This windfall stems from a series of legislative changes aimed at providing financial relief amid the ongoing economic challenges exacerbated by the pandemic. The Child Tax Credit, which...
Starting in 2024, families across the United States will benefit from the reinstatement of the Child Tax Credit (CTC), allowing them to receive up to $2,200 for each qualifying child. This initiative, aimed at alleviating financial burdens for parents, is expected to provide significant relief in the face of rising living costs. The CTC, which...
In October 2025, veterans receiving VA disability payments will see a significant increase to $4,196 per month. This adjustment comes as part of the annual Cost-of-Living Adjustment (COLA) that the Department of Veterans Affairs implements to help veterans keep pace with inflation. The announcement has been met with optimism among veterans and advocacy groups who...
As the deadline approaches, homeowners and potential buyers are urged to consider the implications of the impending expiration of residential energy tax credits, which are set to conclude at the end of 2025. These incentives, designed to encourage the adoption of renewable energy technologies such as solar panels, geothermal systems, and energy-efficient appliances, have played...
The Social Security Administration (SSA) has officially announced a significant change to the full retirement age for American workers, moving it from 66 to 67 by the year 2026. This adjustment affects future retirees born in 1960 or later, who will need to wait until they reach 67 to claim their full benefits. The decision,...
In a significant development for consumers affected by a major data breach, AT&T has announced a settlement agreement totaling $177 million. The telecommunications giant is prepared to offer affected individuals a payout of up to $7,500 each. This settlement addresses allegations surrounding a 2019 data breach that compromised sensitive customer information. Those impacted are encouraged...
On October 4, 2023, the U.S. Department of Labor announced a significant increase in the federal minimum wage, set to take effect in 2025. This change marks the first adjustment in the hourly pay rate since 2009 and is expected to have substantial implications for millions of American workers and the economy as a whole....
Washington D.C. has solidified its position as the leader in the national minimum wage debate, maintaining a rate of $17.95 per hour as of July 2023. This figure surpasses any other U.S. city or state, reflecting the district’s commitment to ensuring a livable wage for its workforce. The increase, which is part of a gradual...
The Social Security Administration (SSA) has announced an increase in the maximum earnings subject to Social Security tax, raising the threshold to $176,100 for high earners, effective January 1, 2024. This adjustment is part of the agency’s annual review of wage limits, intended to reflect changes in national average wages. The increase is particularly significant...
Former President Donald Trump has put forth a proposal advocating for a new rule that would permit high-risk cryptocurrency investments within 401(k) retirement plans. This initiative aims to provide workers with the option to allocate a portion of their retirement savings into digital assets, potentially increasing their returns in a rapidly evolving financial landscape. The...
The Alaska Permanent Fund Dividend (PFD) for 2024 has been officially set at $1,702, while the amount for 2025 is confirmed at $1,000. This announcement, made by Governor Mike Dunleavy, marks a notable change in the state’s annual dividend program, which distributes a portion of the state’s oil revenue to eligible Alaskan residents. The PFD...
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