Are you expecting a federal or state tax return? You can check your tax refund status via IRS’ My Refund Tool but first let’s understand what is a tax refund? The term ‘Tax Refund’ will be defined as a compensation that will be made to a taxpayer for excess amount paid in taxes to state … Read more
Whether you are a retired senior or have any disability, the Social Security Administration (SSA) makes sure that no citizen has to suffer a financial hardship due to high inflation and cost of living. Each month, the eligible citizens including retirees, disabled and survivors and the veterans who served the country during their military service … Read more
What is the best age for you to apply for the Social Security? It is a question that you ask yourself as choosing the age to claim the Social Security benefits can affect your monthly income. Though, the full retirement age to claim Social Security is set by the government and it is 65 but … Read more
A Social Security card is a vital document for various purposes, such as job-related matters and availing government services. If you misplace it or it gets stolen, it’s crucial to get a new one quickly to prevent any complications. Don’t worry if you lose your card; the replacement procedure is simple and doesn’t cost anything. … Read more
If you own and operate a vehicle in the United States of America, then you are eligible to claim a tax deduction for mileage. The Internal Revenue Service (IRS) set the standard mileage rate every year based on the cost of operating a vehicle in the country. However, the standard mileage rate may vary depending … Read more
In difficult times, you might think of opting for Hardships, Early Withdrawals and Loans as per the rules and regulations of the Internal Revenue Service. The individuals opt for the hardship withdrawal in times of unprecedented financial crises. It is supposed to be your last resort from where you can withdraw a significant amount of … Read more
Beginning in March 2023 and intensified in the month of June, the Canada Wildfire affected many parts around the globe with the United States and some European countries were alarmed with air quality alerts. As of Canada, all ten provinces and the three territories were hugely impacted since Alberta, British Colombia, the Northwest Territories, Nova … Read more
In case you are reeling under the pressure of the tax dues and inability to pay the taxes you owe, you can have a sigh of relief as you have got the access to the IRS Fresh Start Program. As its name suggests it is a program targeting to the taxpayers who owe a hefty … Read more
The Internal Revenue Service issues form 1099- Misc, Miscellaneous Information to report payments made by an individual to other tax payer who is not their employee. If the individual taxpayers choose to file the form, it must be filled for the each payment that they have made to other persons. The aim of the Miscellaneous … Read more
In the modern digital era, managing your social security details is a breeze with the secure and user-friendly MySocial platform. This online tool not only allows you to keep track of your earnings history and view your latest statements but also provides estimates of your future benefits. It’s a one-stop solution for all your social … Read more