Category: News

$184,500 New Earnings Cap Subject to Social Security Tax in 2026 Have you ever wondered how changes in Social Security could impact your paycheck? If you’re a high earner, the news about the $184,500 social security earnings cap starting in 2026 might be on your mind. It’s a big jump from the current maximum taxable…

$12,500 Deduction for Overtime Means $X/Yr Tax Relief – Breaking It Down Are you feeling overwhelmed by understanding how a $12,500 overtime deduction relief could affect your tax situation in 2025? If so, you’re definitely not alone. The tax code can seem like a maze, especially with new regulations popping up constantly and changes in…

$24/hour Wage Hike by a Major Bank – What It Means for Other Companies Are you worried about how your paycheck might change in the near future? With a $24 per hour wage hike announced by one of the nation’s major banks, a lot of employees and job seekers may be thinking about what that…

Is Your Paycheck Leaving Money on the Table? Understanding the Overtime Deduction Many workers often find themselves wondering, “Am I missing out on potential tax savings?” If you’re one of the millions of wage earners in the U.S., you might be pleasantly surprised to learn that the $1,440 average tax refund for those who qualify…

State Pension Age Could Rise – Delaying Your $18,000/yr Benefit Are you worried about how a state pension age increase could affect your $18,000 annual pension benefit? If you’re like many nearing retirement, this question is likely weighing heavily on your mind. For various reasons, the topic of pension reforms is at the forefront of…

Can Retirees Really Expect an Extra $3,000 a Year? Here’s What the New Law Means With retirement sometimes feeling like a tightrope walk, many older Americans are understandably asking, “How can I make ends meet on my fixed income?” The new adjustments to Social Security, particularly addressing the issues tied to the Windfall Elimination Provision…

$184,500 Earnings Cap for Social Security Tax in 2026 – What That Means for You Are you worried about how the $184,500 SSA wage base limit set to take effect in 2026 could affect your Social Security benefits? You’re not alone. With the new social security earnings cap on the horizon, many are scratching their…

2.8% Cost-of-Living Boost Adds ~$35 /mo for Average Retiree ($420/yr) Feeling the pinch of inflation? You’re not alone. For many retirees, rising living costs are becoming a real headache. In 2025, the Social Security Administration announced a 2.8% COLA increase for beneficiaries, which means about an extra $35 monthly retiree raise, or $420 yearly cost…

$6,000 Senior Deduction for Over-65 Filers – Will You Qualify? Have you ever wondered if you might miss out on tax savings simply because you’re past a certain age? The landscape of tax benefits can be confusing, especially for older adults navigating the shifting sands of tax legislation. In 2025, there’s a spotlight on the…

$5 Billion Cost Over Two Decades to Upgrade Tier 2 Pension Benefits Are you wondering how the potential $5 billion tier 2 pension cost could affect you, your coworkers, and future retirees in Illinois? Well, across the state, many employees are feeling the pinch of increasingly inadequate pension benefits. The Illinois pension upgrade 2045 plan…