As rumors swirl about the IRS Earned Income Tax Credit (EITC) for 2024, American workers with low to moderate incomes need to understand this valuable financial assistance program. The EITC not only reduces the amount of taxes owed but can also result in a refund if the credit exceeds the taxes owed. This article will Continue reading
Kathy Hilton
UK State Pension Explained: Types, Eligibility, and When You Can Claim
The State Pension is a regular payment made by the government once you reach the State Pension age. It’s crucial to understand the types of State Pension available and how to determine which one you will claim based on your National Insurance contribution record. This guide will walk you through everything you need to know Continue reading
UK State Pension: What Is It, How Much Do You Get, and Can You Boost It?
The state pension is a crucial part of retirement planning for many. With a recent boost of 8.5%, understanding how it works and how you might maximize it is essential. This guide will cover: How Much Is the State Pension in 2024/25? As of April 2024, the full new state pension is £221.20 per week. Continue reading
Two Child Benefit Cap: Understanding the Policy and Recent Amendments
In recent years, the Two Child Benefit Cap has been a significant topic of discussion and debate. This policy, implemented in various forms across different countries, limits the amount of financial support available for families with more than two children. As of 2024, there have been notable changes and amendments to this policy. Here’s an Continue reading
How much tax will I pay on my pension in UK & How Can You avoid it?
Planning for retirement is a crucial step towards ensuring financial stability in your later years. However, understanding the tax implications of your pensions can be challenging. This guide provides a comprehensive overview of how to make the most of your retirement savings, maximize your spending power, and legally avoid paying excess tax on your pensions. Continue reading
The United States Child Tax Credit: Latest Updates and Changes for 2024
The Child Tax Credit (CTC) has long been a crucial support for American families, designed to alleviate child poverty and provide financial relief in an economy marked by high living expenses. As we move into 2024, families need to stay informed about the latest updates and changes to this valuable program. This guide will cover Continue reading
Canadian Pension Plans Experience Strong Returns and Improved Stability in Q3 2024
Recent reports from TELUS Health provide optimistic insights for Canadian pension plans and their beneficiaries. Both the Pension Indices and Performance Universe reports highlight positive investment returns and enhanced stability for the third quarter of 2024. This trend suggests a promising outlook for the financial security of employees and retirees, benefiting the Canadian economy as Continue reading
Year-End Tax Planning Strategies for Retirees
After the last little ghosts and goblins leave your front door with their haul of candy tonight, we’ll be into the home stretch of the year. This is a great time to revisit your tax planning to ensure nothing gets left to the last minute. Here are some effective year-end strategies for retirees. 1. Split Continue reading
Ohio Farm Family’s Hidden Rare Dime Sells for $500,000 at Auction
Extraordinary Auction Result TOLEDO, Ohio – An extraordinarily rare dime has been sold for just over $500,000. This elusive coin, struck by the U.S. Mint in San Francisco in 1975, features a depiction of President Franklin D. Roosevelt and is one of only two known to exist without the distinctive “S” mint mark. Inheritance and Continue reading
Two-Thirds of Canadians Concerned About Retirement Savings, New Survey Reveals
It’s a common question, especially amid increasing financial pressures. With daily concerns often taking precedence, long-term retirement planning can easily be overlooked. Financial Anxiety Among Canadians A new survey from CPP Investments, conducted for Financial Literacy Month in November, reveals that 61% of Canadians fear running out of money in retirement. This anxiety is even Continue reading