The Singapore government has confirmed an increase in the annual value threshold for various social assistance schemes that will come into effect from January 2025. One such assistance is the Singapore GST Voucher scheme which supports low- to middle-income earners.…
The Additional Child Tax Credit is a refundable tax credit for which US taxpayers may qualify. For tax year 2024, up to $1,700 of child tax credit will be refundable for each eligible child. To claim a child tax credit…
Personal Independence Payment and Disability Allowance are government benefits which should support individuals with long-term health problems or disabilities to meet the additional costs associated with their condition. In any case, DLA is being phased out, while PIP is a…
The Ontario Trillium Benefit helps beneficiaries pay their energy, sales and property tax costs through a loan. Ontarians eligible for OTB must be wondering about their 2025 payment dates as we are just one month away from 2025. Such recipients…
The Canadian government allows Canadians to save money in tax-free savings accounts (TFSAs) throughout their lives. Citizens can contribute and increase investments tax-free. The CRA reviews the annual contribution limit based on inflation and CPI changes. It is important to…
With 2024 coming to a close, many Social Security retirees are sure to be wondering about changes to retirement ages and benefits in 2025. Retirees should be aware of these changes to understand their benefit regulations. Every year, the Social…
Earlier in the day, the IRS announced special payments to 1 million taxpayers who didn’t claim their 2021 Recovery Rebate Credit under economic impact payments. The IRS seeks to offer incentive checks to recipients who may have previously missed payments.…
FAFSA 2025-26 early release form with improvements and expansions to provide more federal Pell grants, student loans and other types of financial aid. This form is available earlier than planned on November 21, 2024, and students can complete it online…
The Social Security Administration has confirmed several changes to the new Social Security benefits that will take effect from January 1, 2025. These changes include an increase in the full retirement age, an increase in the monthly benefit amount due…
After the triumph of Donald Trump in the 2024 presidential election against the Democratic candidate Kamala Harris, people are wondering what kind of tax policies the Trump administration will bring. With the Tax Cuts and Jobs Act expiring at the…
