As you approach end-of-life decisions, there are several steps that should be taken to make sure you receive the right...
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I am 58 years old and working on a plan for my retirement. I have read that I need to check my Social Security statement every year to validate its accuracy. How do I go about doing this? Checking your official Social Security statement every year is a smart move to make sure your posted earnings are correct and ensure you get the benefits you are entitled to. Many Americans do not take this precaution. In fact, most U.S. workers have never created a digital "my Social Security account" to access their statement information. Here is what you should know. Online Statements In 2017, as a cost cutting measure, the Social Security Administration stopped mailing paper Social Security...
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On July 21, the Internal Revenue Service announced it sent out an additional 2.2 million Economic Impact Payments. With the additional payments, the American Rescue Plan has now distributed 171 million payments with a total value of over $400 billion. The IRS continues to send out payments each week. The 2.2 million payments had a value of approximately $4 billion. These included 1.3 million distributions to individuals who were previously not known to the IRS because they were not typically required to file tax returns. These individuals received an Economic Impact Payment by filing a 2020 tax return, many used the IRS Free File system. There were also 900,000 "plus-up" payments with a...
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