One of the most frequent questions the IRS gets every year is, "Are my Social Security benefits taxable?" The IRS website has a tool called the Interactive Tax Assistant that can help you answer this question. To use it, visit IRS.gov/ita. Scroll down and click on "Are My Social Security or Railroad Retirement Tier 1 Benefits [...]
This article was published by the IRS. There are some changes for the 2026 tax filing season that people who are 65 years of age and older should be aware of. The most recent being the enhanced deduction for seniors, which is a provision of the One, Big, Beautiful Bill. The IRS is sharing what’s new, [...]
Retirement Plans If you can afford to do so, investing the maximum amount allowable in a qualified retirement plan will yield a large tax benefit. If your employer has a 401(k) plan and you are under age 50, you can defer up to $23,500 of income into that plan for 2025. Catch-up contributions of $7,500 are [...]
This article was published by the SSA. As Congress works to pass a new federal budget, the government is currently shut down. We know this raises questions. We have answers to the most commonly asked questions about how the shutdown impacts you. Will the Shutdown Affect Payments? No, it will not affect payments. If you receive [...]
Establishing parentage is the recognition of a parent's legal relationship to a child. Legal parentage is not the same as: having a genetic relationship with the child intending to be a parent holding oneself out as a parent having a presumption of parentage due to marriage Parentage is so important because children gain important rights and [...]
