As inflation lingers, the Social Security Administration (SSA) is boosting its cost-of-living adjustment (COLA) for benefit checks in 2024. It's just one of many changes announced by Social Security recently.

MANY employees are leaving company benefits on the table.

Maybe it’s simply inertia: Employees simply don’t bother to sign up for all the financial benefits their employers offer. Or they’re overwhelmed by all the choices.

“For the vast majority of people, the issue of how to save, invest and spend in retirement is the hardest, nastiest problem in finance.”

Congress hasn’t made this tough problem easier. When lawmakers can agree at all, they layer poorly drafted law upon law, leaving both the Internal Revenue Service and savers to confront a maze of confusing provisions.

Beginning in 2024, most small to mid-size businesses formed under state law will be required to report their BOI. Existing businesses have until the end of the year, but new businesses formed in 2024 only have 90 days from the date of formation to file a report.

Ever since the tax overhaul of 2017, millions of Americans haven’t gotten key tax breaks for giving to charity. But a growing group of seniors can still reap remarkable benefits from donations—if they put up with hassles.

As of Oct. 1, the Internal Revenue Service is charging 8% interest on estimated tax underpayments, up from 3% two years ago. The increase is one of the many effects of rising interest rates.