As 2025 approaches, retirees must be vigilant about Required Minimum Distributions (RMDs) from their retirement accounts. The Internal Revenue Service (IRS) mandates that individuals who turned 73 in 2024 must commence RMDs by April 1, 2025. Understanding Required Minimum Distributions (RMDs) RMDs are the minimum amounts that retirees must withdraw annually from specific retirement … Read more
The Child Tax Credit (CTC) provides financial relief to thousands of families across the United States, helping reduce their tax burden by as much as $2,000 per child. This valuable benefit has been particularly important for households with dependent children. However, there are concerns about the future of the CTC, as the current legislation is … Read more
Millions of retirees and disability beneficiaries rely on Social Security payments to cover essential expenses such as housing, food, and healthcare. However, without meeting specific requirements set by the Social Security Administration (SSA), beneficiaries could face unexpected suspensions of their benefits, especially in March 2025. Understanding these critical requirements and proactively addressing them can ensure … Read more
Canada’s recent changes to its Post-Graduation Work Permit (PGWP) eligibility rules provide significant benefits for international students, especially those from India. The removal of the field-of-study restriction makes it easier for college graduates to apply for work permits, which could lead to better career opportunities and pathways to permanent residence. In 2025, the PGWP will … Read more
The Social Security Administration (SSA) has recently addressed concerns and misconceptions regarding the accuracy of its Death Master File (DMF), a critical database used to track deceased individuals and prevent improper benefit payments. Contrary to claims suggesting widespread inaccuracies, the SSA maintains that the DMF is highly reliable, with errors constituting less than one-third of … Read more
Millions of retirees across the United States rely on Social Security payments as a critical source of income, covering essential needs such as healthcare, housing, and food. However, Social Security payments could be suspended if retirees fail to meet important Social Security Administration (SSA) requirements. The SSA has issued a critical alert, emphasizing that retirees … Read more