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The Enhanced STAR, for eligible senior citizens at or above age 65, exempts an annually variable amount ($65,300 for the 2015-2016 school year) from the true value of their primary residence. [2] Essentially, the program is aimed to lower the tax burden on school district residents.
Social Security recipients could get an additional $2,400 a year in benefits if a new bill recently introduced to Congress wins approval -- something seniors would no doubt welcome as surging...
The Coronavirus Aid, Relief, and Economic Security Act, [b] [1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States.
The 2024 Social Security cost-of-living adjustment (COLA) hasn't even kicked in yet, and already there is a major pushback against it from seniors who don't think it will be enough to cover ...
A limited form of the Social Security program began, during President Franklin D. Roosevelt's first term, as a measure to implement "social insurance" during the Great Depression of the 1930s. [19] The Act was an attempt to limit unforeseen and unprepared-for dangers in modern life, including old age, disability, poverty, unemployment, and the ...
Lawmakers are moving ahead with a bipartisan bill that would provide enhanced Social Security benefits to millions of Americans, but hurdles remain.
Hassan's office argued that IRS guidance goes against the language of the law, which states that for non-tax-filing seniors, Treasury may use Social Security statements like SSA-1099 or RBR-1099 ...
Form 1040-SR may be used by taxpayers who are 65 or older. The 1040-SR form is functionally the same as 1040, but 1040-SR is easier to fill-out by hand, because the text is larger and the checkboxes are larger. [24] Seniors may continue to use the standard 1040 for tax filing if they prefer.