Tag Archives: Income

U.S. families are spending 24% of their annual income on childcare

  By Pavithra Mohan January 18, 2024 The pandemic upended the childcare industry, forcing providers to shut their doors—in many cases permanently—and leaving parents with even fewer options than they had prior. By now, the $24 billion in federal aid that was secured for the childcare industry during the pandemic has dried up, leaving many … Continue reading U.S. families are spending 24% of their annual income on childcare

IRS tax brackets 2024 vs. 2023: Here’s the full list of new income thresholds

  By AJ Dellinger November 10, 2023 Inflation has increased the cost of everything from eggs to airfare in the past couple of years, and the Internal Revenue Service (IRS) is looking to lessen the burden on taxpayers. The agency announced Thursday that it will adjust the income thresholds for tax brackets for the 2024 … Continue reading IRS tax brackets 2024 vs. 2023: Here’s the full list of new income thresholds

IRS audits are on the rise: Your chances are now double if you’re in this income range

By Sam Becker       June 06, 2022   Uncle Sam is feeling invigorated! After several years of taking a relatively lax approach to auditing wealthy taxpayers, the Internal Revenue Service (IRS) has evidently turned a new leaf under the Biden administration. As such, it’s stepping up enforcement, and has doubled audit rates for … Continue reading IRS audits are on the rise: Your chances are now double if you’re in this income range

Wales is piloting $2,100-per-month guaranteed income for former foster youth

By Talib Visram   February 19, 2022   In Wales, more than 7,000 children rely on government-assisted care—whether placed in public care facilities or with foster parents, which is the case for the majority. In fact, Wales has the U.K.’s highest rate of “looked-after children”—the term used in Britain for kids in any type of … Continue reading Wales is piloting $2,100-per-month guaranteed income for former foster youth

Post Pandemic Retirement Income Sources

Deanna Ritchie December 8, 2021 Knowing your steady sources of income, from Social Security to a company-sponsored retirement savings plan like a 401(k), is wise. Post-Pandemic Retirement Income Sources Social Security will be a critical—and significant—source of retirement income for many people. Like real estate, Social Security benefits, unlike most other forms of retirement income, … Continue reading Post Pandemic Retirement Income Sources

Income Annuities Can Transform Retirement Savings Into Income

Deanna Ritchie November 4, 2021 Do you have enough money to retire? Are you guaranteed enough to last for the rest of your life? Are you concerned that you’ll run out of income before the end of your life? Social Security contributions are around 40% of an average wage earner’s pre-retirement earnings. If, like the … Continue reading Income Annuities Can Transform Retirement Savings Into Income