CLAIMING THE EARNED INCOME TAX CREDIT in 2021 Starting in 2021, seniors can take advantage of the Earned Income Tax Credit also known as the EIC or EITC. Previously, this credit was much more restrictive (stopping at age 64), but now there is no upper age limit. EIC/EITC is a
Because Social Security is a necessary part of a comprehensive retirement strategy, there are important considerations before choosing to claim benefits. Working with a financial professional is crucial in coordinating these types of benefits. Erin Fountain discusses her approach to helping her clients take the mystery out of Social Security
Historically, it’s not been often that changes have been made to Social Security, yet when it has it’s created a sweeping effect. Congressman John Larson, Chair of the Ways and Means Social Security Subcommittee has proposed for a few years now, measures to strengthen the funding of the program and
IRS Provides Path to Rehire & Retain Employees The IRS has a favorable stance for employers and those who have already retired to return to work. Due to the COVID related labor shortages, employers have an option to rehire retirees and allow benefits to be paid to current employees, who
The most prominent question I’m asked about Social Security Retirement Benefits is when is the best time for claiming in order to get the most of one’s retirement. But no one ever asks, “how do I qualify and maintain my benefits?” Work credits 2022 – how and when they are
ESG’s or as the acronym implies Environmental, Social and Governance funds are those focused on a holistic valuation of a company in terms of how it performs in these specific areas. Theoretically, it’s a noble pinnacle to achieve: implementing policies that favor mother earth, recognize social equality, and keeps customers,
We’re going in for a deeper dive about the recent 5.9% COLA increase for Social Security and it’s impacts. With the countless articles recently on this topic, I favor one published in the Associated Press (APnews.com) titled as ‘Explainer: Why the Social Security COLA is jumping next year; a nicely
suncoastSSAdvisors.com Featured Author shares – Tom Margenau is not only a current author of articles about Social Security, he worked for them – imagine his insight; recently, I came across an excerpt from his article in an online source Tuscon.com.(Aug 2021). In agreement for his permission to share this I
Did you know that the IRS can levy a portion of Social Security payments to satisfy tax liabilities? If the taxpayer does not make full payment, enter a payment agreement, or an offer in compromise the IRS has the administrative right to levy without a court order. What makes this
