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Does the ‘big, beautiful bill’ cut taxes on Social Security? Here’s what you need to know

Benefits are front and center of the political debate once again after Republican-backed tax bill attracted attention for a series of cuts. So is a cut to Social Security taxes on the agenda from President Trump's politicians?The bill is making its way through the House and will have an impact on different groups, particularly seniors, but one notable aspect is the absence of a proposed tax cut on Social Security benefits, despite promises from Trump in campaigning.3 most common Medicare scams in 2025The current tax bill does not follow through with that promise, but instead, a different form of tax relief for seniors has emerged from the latest bill. So what exactly is it and how does it work?Why Social Security is left out of the Tax BillSuitcases, stories, and a spiralling staircase: A look inside Rotterdam's new migration museumVarious […]

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What is the ‘No Tax on Tips Act’? Here’s how the new bill could impact workers and businesses

The U.S. Senate has passed the "No Tax on Tips Act," a cornerstone of President Donald Trump's economic agenda, with rare bipartisan unity. In a unanimous 100-0 vote on Tuesday, lawmakers approved the bill, which could significantly change the financial outlook for millions of American workers in tip-reliant industries.The legislation would allow employees and independent contractors in tipped professions-such as waitstaff, bartenders, hotel workers, and delivery drivers-to deduct 100% of their reported tips from their federal income taxes. That includes tips received in cash, through card payments, or by check.Who qualifies under the new bill?The measure is designed to benefit workers in occupations where tipping is standard, and it includes some specific eligibility criteria. The tax break applies to those earning less than $160,000 in 2025 and is slated to remain in effect through the end of 2028.Can Video Games […]

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IRS Tax Refund Schedule 2025: Who gets their deposit between May 12 and 18?

Every year, tax season brings with it mixed feelings, with a little stress, but also a lot of anticipation.For thousands of taxpayers in the United States, the most anticipated moment comes when the Internal Revenue Service (IRS) releases refunds, an extra income that can make a big difference to their economy.Trump's Tariffs Shake U.S. Economy and Global MarketsAccording to the IRS, most refunds are processed within 10 to 21 days, but it should be noted that this time is not the same for everyone, it depends on factors such as the date the return is filed, the method chosen to send it and the tax credits claimed.The IRS schedule favors those who choose to file electronically, as these are processed faster than paper returns. Likewise, choosing direct deposit instead of receiving a check in the mail can make the money […]

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Can your Social Security benefits be garnished? What to know in May 2025

Social Security benefits can be garnished, but this depends on the type of payments and the nature of the debt. Common reasons for garnishment include overdue financial obligations such as unpaid taxes, federal student loans and child support.There are strict limits on how much creditors can deduct, ensuring that some of your benefits remain protected. There are also certain debts that cannot be garnished from Social Security, such as credit card debt.3 most common Medicare scams in 2025For those who rely on Social Security payments for their basic expenses, this knowledge can provide some relief.How the embargo worksThis week in Culture: The best of the Met Gala and the one filmmaker to look out for at Cannes 2025Government agencies, employers and creditors have the authority to garnish a portion of your Social Security benefits to cover unpaid debts.For example, under […]

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Can your Social Security benefits be garnished? What to know in May 2025

Social Security benefits can be garnished, but this depends on the type of payments and the nature of the debt. Common reasons for garnishment include overdue financial obligations such as unpaid taxes, federal student loans and child support.There are strict limits on how much creditors can deduct, ensuring that some of your benefits remain protected. There are also certain debts that cannot be garnished from Social Security, such as credit card debt.3 most common Medicare scams in 2025For those who rely on Social Security payments for their basic expenses, this knowledge can provide some relief.How the embargo worksThis week in Culture: The best of the Met Gala and the one filmmaker to look out for at Cannes 2025Government agencies, employers and creditors have the authority to garnish a portion of your Social Security benefits to cover unpaid debts.For example, under […]

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IRS Tax Refund Schedule 2025: Who gets their deposit from April 28 to May 4?

Each year, tax season brings mixed feelings, with a little stress, but also a lot of anticipation. For thousands of taxpayers, the most anticipated moment comes when the Internal Revenue Service (IRS) releases refunds, an extra income that can make a big difference to their economy.According to the IRS, most refunds are processed within 10 to 21 days. However, this time is not the same for everyone. It depends on factors such as the date the return is filed, the method chosen to file it and the tax credits claimed.VA benefits payment schedule for 2025 revealed helping veterans plan aheadThe IRS schedule favors those who choose to file electronically, as these are processed faster than paper returns. Likewise, choosing direct deposit instead of receiving a check in the mail can make the money arrive much faster.However, some special tax credits, […]

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Stimulus Payments May 2025: What checks could you cash throughout the month?

Much has been said about the possibility of a stimulus check for $800 dollars during May 2025, but some state programs in Colorado, California and Pennsylvania offer similar relief.In addition, those who did not receive the 2021 federal stimulus payment had until April 15, 2025, to claim it through the IRS.VA benefits payment schedule for 2025 revealed helping veterans plan aheadIn recent months, the mention of a "$800 stimulus check in May 2025" has sparked curiosity across the United States. However, there is no official federal stimulus check for $800 scheduled for May 2025.Instead, this headline has been primarily associated with state-level aid programs and unclaimed federal credits that can still provide significant financial assistance to eligible residents.Although a federal stimulus check of $800 in May 2025 is not expected, various state-level aid programs and federal credits continue to provide […]

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Where is my 2025 IRS stimulus payment? Track your refund of up to $1,400

TheInternal Revenue Service (IRS) has announced that more than one million people in the United States could be eligible to receive a stimulus payment of up to $1,400. This money corresponds to the Recovery Rebate Credit (RRC), part of the third round of checks approved in 2021 as part of the American Rescue Plan for the pandemic.Many people did not receive this payment because of errors in their tax returns or because they did not know they had to file. This was common among those who rely on non-taxable income, such as Social Security benefits, and thought it was not necessary to file.Two parachutists injured after hard landings during military ceremony at baseball gameTheIRS warns that the deadline to claim this benefit ended on April 15, 2025. If the 2021 tax return was not filed on time, the right to […]

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IRS Tax Refund Schedule: These taxpayers get their deposit between April 21 and 27

As tax season progresses in the United States, many taxpayers face the process with anticipation to know the dates and amounts of refunds they will receive from the Internal Revenue Service (IRS).According to information from the IRS, most refunds are issued within 10 to 21 days, although this time may vary depending on different factors such as the filing method, the date the return is filed and the tax credits claimed.The specialized website Tax Layer explains that the IRS works on an established schedule to send refunds. Electronic returns, for example, are processed much faster than those sent on paper.This difference is also reflected in the method of receipt: choosing direct deposit instead of a check in the mail can significantly speed up the arrival of the long-awaited tax refund.On the other hand, some tax credits, such as the Earned […]

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Which states qualify for a tax filing extension in 2025? See the list

April 15 marks the deadline for filing the2024 federal tax return, a key date that has remained standard since the 1950s, unless it falls on a weekend or holiday. With tax season having started in late January, many taxpayers have already fulfilled this obligation, but others are still racing against the clock.Although it is known as "Tax Day", not all states share the same April 15 deadline. Some jurisdictions set their own tax calendars, and it is critical that taxpayers check the specific deadlines that apply in their place of residence.Two parachutists injured after hard landings during military ceremony at baseball gameIn addition, the Internal Revenue Service (IRS) provides exceptions for those who need more time. If a person is living outside the country at the time of the deadline, or was affected by a federally declared natural disaster, they […]

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