Tax returns can be confusing, especially with IRS codes. This guide decodes several frequent transaction codes on tax refunds and explains their meanings. Understanding Transaction Codes: Tax History Roadmap Three-digit codes indicate IRS tax credits and debits. When reversed, these codes, with an “R,” reflect your account history. Let’s examine the relevance of some tax…
Social Security recipients’ cost-of-living adjustment (COLA) may drop to 1.4% in 2025 from 3.2% in 2024. Senior Citizens League projections indicate the lowest COLA since 2020. December’s consumer-price index for urban wage earners and clerical workers (CPI-W) was 3.3%, slightly higher than 2024’s 3.2% COLA. Social Security Recipients Face Potential Drop in 2025 COLA –…
A fortunate lottery player, Jimareo Sherrill from Charlotte, North Carolina, struck gold at Walmart clinching a $1 million prize with a $50 scratch-off ticket. However, the elation took a hit as Sherrill had to decide between a $50,000 yearly payout for two decades or a $600,000 lump sum, further diminished to $429,014 after taxes. Walmart’s…
A Reddit member had to split rent with her $500k-earning partner despite her being an unemployed grad student. She asked the internet community if this agreement was fair. Most people supported the woman and criticized the boyfriend. The separation revealed money expectations and control concerns. Reddit users stressed appropriate cost-sharing based on partners’ financial capacities….
A coalition of advocacy groups, including the National Student Legal Defense Network, the Center for Law and Social Policy, and the California Student Aid Commission, urges the U.S. Department of Agriculture to reconsider the interview requirement for Supplemental Nutrition Assistance Program (SNAP) benefits. As reported by Fortune, these groups argue that mandatory interviews create unnecessary…
The fierce competition between Verizon and T-Mobile once known for customer-friendly promotions has taken a disheartening turn. Both carriers are now grappling with price hikes, lawsuits and security issues. Verizon, in particular has announced an impending $4 monthly increase, leaving subscribers perturbed and questioning the fairness of the move. This follows a recent controversy over…
Washington citizens on the Supplemental Nutrition Assistance Program (SNAP), or the Basic Food Program, face a deadline in January. Food stamps for January will last for three days, so beneficiaries should use them wisely. The impending deadline shows how important SNAP is to households, with sums up to $1,751 depending on family size. Income Requirements…
A Suffolk, England, farmer found a fortune while searching for his lost hammer in the grass. Peter Whatling asked his metal detector-owning friend Eric Lawes to assist him find his hammer. Lost Hammer Leads to $2.4 Million Roman Treasure: Friends’ Unexpected Discovery Rewrites History Eric didn’t find the hammer, but he found something more valuable….
In a groundbreaking move to ease the tax-filing burden on millions of Americans, Current has announced a strategic partnership with Column Tax. The collaboration promises Current members a seamless and cost-free tax filing experience, allowing them to file directly from their phones in just 20 minutes. Moreover, the integration with Column Tax ensures expedited refunds,…
Investor anxiety swept through Hong Kong as Alibaba Group and other stocks plunged to a 14-month low on Tuesday. Triggered by a report of China’s economic growth missing expectations and declining home prices the Hang Seng Index recorded its steepest one-day decline in six months, dropping 2.8%. Real estate giants Longfor Group and China Resources…