The agency includes new fact sheets that target different age groups and special situations, such as eligibility for benefits.
Understanding the facts about taxes and eligibility for new PPP loans can help you decide if one is right for one of your clients’ businesses.
The application for benefits was submitted more than seven weeks earlier; persistence pays off in tracking down why the response took so long.
Some people could benefit from filing quickly this tax season, as Congress works on another round of stimulus checks, while others may benefit from holding off.
Can a divorced person still collect Social Security benefits on an ex’s earnings record?
HSAs have no annual use-it-or-lose-it requirements, and balances can be carried forward from year to year and withdrawn tax-free in retirement to pay for medical expenses, such as Medicare and long-term care premiums — but not Medigap premiums.
A new report from the Social Security Administration provides a road map for maximizing benefits for individuals who qualify for both programs.
A nonworking wife with no Social Security benefits of her own cannot collect on her husband’s earnings record until he files for his Social Security benefit.
An evenly divided Senate might tweak rather than overhaul investment-advice policy, such as the treatment of rollovers, while resisting some tax increases Biden advocated during the election.
If your client is entitled to Social Security on her own earnings record, she may want to collect reduced retirement benefits at age 62.
“We need comprehensive capital gains reform,” incoming Senate Finance Committee Chairman Ron Wyden, D-Ore., said. “This is a kitchen-table issue.”
First course helps advisers identify planning opportunities in tax returns.
Social Security benefits are typically calculated using your highest 35 years of indexed earnings.
Democrats have been trying to restore unlimited deductions for state and local taxes since the 2017 tax law capped the benefit, but the effort will be tricky
Requesting a lump payout can make sense for some people.
No retroactive payouts are available before full retirement age
The IRMAA surcharges outlined in notification letters apply only to 2021 Medicare premiums based on 2019 tax returns.
The uncertainty around the Georgia runoffs in January complicates efforts to plan for the possibility of higher tax rates under Biden
I filed for my Social Security benefits online and you can, too
The Nobel Prize-winning musician may have sold his song collection, but 'Don’t Think Twice, It’s Alright,' because it’s a good year-end tax strategy
