Social Security reveals a significant change that brings positive news for recipients – AL.com
The Social Security Administration has once more changed its stance on critical adjustments that might significantly impact the monthly earnings of certain recipients. The agency announced that beneficiaries who have received overpayments will see their monthly benefits cut by 50% until the owed amount is repaid. This change took effect on April 25. This 50% […]
Tax refunds up about $200 per person from IRS in 2025: What the numbers show – AL.com
According to the latest IRS statistics, average tax refunds have increased by almost 6% since this point last year. IRS data on March 7 shows an average refund amount of $3,324 for 2025, an increase of $179, at $3,145 for 2024. Compared to 43 million people in 2024, there was an increase of 43.6 million […]
Blue Cross Blue Shield $2.67 billion settlement: Who is eligible? Payments average $333 – AL.com
Payments arising from a $2.67 billion settlement related to the insurance company's class action lawsuit against Blue Cross Blue Shield could arrive soon. The settlement comes from a class action lawsuit that occurred in 2013 in Alabama against more than 35 Blue Cross Blue Shield health insurance plans. USA Today wrote. The lawsuit alleges that […]
When is my tax refund coming in 2025? Some will take longer – AL.com
The tax season has begun. If you have already filed your federal tax return electronically, the Internal Revenue Service says you can expect a return within about three weeks. For filers who submit returns electronically using direct deposits, the refund is usually issued within 21 days. However, don't rely on a specific date. The IRS […]
USAA sues Regions over remote check cashing technology – AL.com
UNITED Services Automobile Association has appealed to Birmingham -based Financial Corp., and USA has used a patented check -paid technique without permission to permit its own interests. The lawsuit, which was submitted to the US District Court in eastern Texas on Tuesday, is seeking damage, penalties and expenses. According to page 28, USAA has developed […]
When will the IRS start accepting tax returns? Here’s when you can file your 2024 taxes – AL.com
The start of a new year means tax season is right around the corner. The deadline to file your 2024 income taxes with the Internal Revenue Service is April 15, 2025. The date the IRS will begin processing returns has not been announced (usually late January). However, the free file-guided tax software will be available […]
Social Security full retirement age is going up in 2025 – AL.com
Full retirement age, the age at which you can claim 100% of your Social Security benefits, is scheduled to rise in 2025. Beneficiaries can begin claiming Social Security benefits at age 62, but are only entitled to the full amount once they reach “full retirement age.” If you receive benefits before FRA, the amount will […]
Medicare Part B premiums rising in 2025: Here’s how much more you’ll pay – AL.com
Seniors enrolled in Medicare Part B will have to pay more for their medical expenses next year. The Centers for Medicare and Medicaid Services has released Medicare Part B premiums with annual deductible increases scheduled for 2025. Monthly premiums for Medicare Part B, the portion that covers routine exams, home health care, doctor visits, and […]
IRS tax bracket 2025: Here’s what to expect from new tax brackets – AL.com
Federal income tax rates are expected to increase in 2025, but at a lower rate than in previous years, according to reports. According to , your tax bracket for the 2025 tax year may be adjusted upward by 2.8%. CBS News, cited an analysis by Bloomberg Tax. The change would be the smallest inflation adjustment […]
IRS issues nationwide warning – AL.com
Every day another scam happens. Now, the Internal Revenue Service is warning taxpayers not to fall victim to a new scam involving the purchase of clean energy tax credits. The IRS said in a statement that “unscrupulous tax preparers” are misrepresenting the rules for the clean energy credit, telling people they are receiving a credit […]