Keir Starmer
Posted inEconomy

Recent DWP Updates 2024 – Universal Credit, Pension, and Benefits plan as Cost of Living Ends

For 2024, the Department for Work and Pensions (DWP) has introduced significant updates regarding benefits and pensions. While the cost of living crisis may be easing, its impact is still felt by many households. This article covers the DWP's latest news, including pensions, Universal Credit, and benefits dates, aiming to provide effective and clear support ... Read more
Joe Biden
Posted inEconomy

Required Minimum Distributions (RMDs) Changes – 4 Updates Retirees Must Know

Retirees in the U.S. must navigate the rules around Required Minimum Distributions (RMDs), the minimum amount they need to withdraw from their retirement accounts annually. These withdrawals, from accounts such as IRAs or 401(k)s, carry tax implications. Here’s what you need to know about RMDs and the key considerations for this year. RMDs Starting at ... Read more
Joe Biden
Posted inEconomy

$150 Million in State Tax Rebates – Know How to Get Your Check Next Month

As August approaches, Washington state residents are eagerly anticipating a significant enhancement to their wallets through energy rebates. The state government plans to distribute over $150 million in tax rebates to more than 700,000 individuals this autumn. Funded from the Climate Commitment Act (CCA) revenue, this initiative aims to reduce energy costs while promoting energy-efficient ... Read more
Joe Biden
Posted inEconomy

Retirees Not Receiving Social Security Payments on August 2 – Know the Reason

August 2, 2024, marks a payday for millions of American retirees. However, not all Social Security recipients will receive their payments on this date. The Social Security Administration (SSA) has specific criteria and schedules for distributing checks and direct deposits. Here’s what you need to know about the different payment dates and eligibility requirements for ... Read more
Joe Biden
Posted inEconomy

2025 COLA Update – Social Security Benefits May Get a Boost If Projections Hold

As the date when the Social Security Administration (SSA) will announce the 2025 cost-of-living adjustment (COLA) approaches, projections and estimates are becoming a topic of significant interest among Social Security beneficiaries. This article delves into the anticipated changes, the importance of the COLA, and how these adjustments will impact beneficiaries. Importance The COLA is a ... Read more
Justin Trudeau
Posted inEconomy

Top 43 Senior Discounts in Canada – Know How to Access Them

Are you a senior citizen in Canada looking to make the most of your hard-earned money? There are numerous discounts available exclusively for seniors, designed to help reduce the cost of various products and services. By presenting valid identification, seniors can enjoy substantial savings across different categories. Here’s a comprehensive guide to 43 excellent senior ... Read more
Justin Trudeau
Posted inEconomy

Working While Receiving QPP – Know the Benefits

In this article, you will learn about the benefits of working while receiving Quebec Pension Plan (QPP) payments. The Quebec federal government provides QPP benefits to retirees based on individual contributions made from the age of 18. Work Eligible residents can receive QPP benefits while continuing to work. This dual-income setup provides sufficient financial assistance ... Read more
Justin Trudeau
Posted inEconomy

Canada’s $628 Grocery Rebate – Who’s Eligible, Payment Schedule, and Claiming Process

The news about the $628 Grocery Rebate in Canada has caught the attention of many Canadians. While the information is still awaiting confirmation from the Canada Revenue Agency (CRA), here's a comprehensive breakdown of what is currently known about the rebate, eligibility requirements, payment amounts, and how individuals can prepare to claim it. $628 Grocery ... Read more
Joe Biden
Posted inEconomy

Child Tax Credit – Know the Amount You’ll Receive and Eligibility Requirements in New York

Low- and middle-income families with children in New York are about to receive an extra financial boost starting next month. Governor Kathy Hochul recently announced that over a million families across the state will benefit from an additional payment of up to $330 per child through the Empire State Child Tax Credit. Here’s what you ... Read more