As the U.S. labor market continues to evolve, an updated database of job classifications has raised concerns among recipients of Social Security Disability Insurance (SSDI). A recent analysis indicates that certain job roles may be reclassified or removed entirely, potentially leaving some SSDI claimants with a benefit amount of $0. This situation stems from the...

Former President Donald Trump’s proposed tax plan has sparked intense debate among economists and policymakers, with estimates suggesting it could cost between $5 trillion and $11 trillion over the next decade. The plan aims to reduce taxes for individuals and corporations, but critics warn that such significant tax cuts could exacerbate the national deficit and...

Recent discussions around the Social Security Disability Insurance (SSDI) program have raised significant concerns regarding changes to the age rule, which could potentially lead to reductions in monthly benefits for individuals over the age of 50. As lawmakers consider revisions to the eligibility criteria, experts warn that these modifications might disproportionately affect older Americans who...

The Department of Veterans Affairs (VA) Disability Program is facing increased scrutiny following revelations about its projected $193 billion in payouts for the upcoming fiscal year. Lawmakers and advocacy groups are raising concerns about the efficiency and integrity of the program, which provides financial support to millions of veterans suffering from service-related disabilities. The program’s...

Workers across the United States are raising alarms about potential losses in their weekly earnings as a recent proposal suggests that the tipped minimum wage may reach a staggering 75% by 2034. This development has sparked a heated debate among employees, employers, and policymakers regarding the future of wage structures in service industries. Advocates for...

As taxpayers prepare for the upcoming tax season, the introduction of the new Schedule 1-A deductions for 2025 tax returns promises to bring significant changes to how deductions are claimed. The Internal Revenue Service (IRS) has released updated guidelines outlining these fresh deductions, which aim to simplify the filing process and potentially reduce tax liabilities...

Former President Donald Trump has unveiled a comprehensive workforce plan aimed at reducing the federal workforce by 5%, a move he claims could save taxpayers billions of dollars. While the proposal has garnered attention for its potential cost-cutting benefits, it comes at a steep price for thousands of federal employees, many of whom could face...

The U.S. Department of Veterans Affairs (VA) is facing increasing scrutiny over its $193 billion disability compensation program, which is designed to support millions of veterans. Recent reports indicate that proposed regulatory changes could significantly impact the amount of monthly benefits received by veterans, potentially reducing their payments by hundreds of dollars. Critics argue that...

As local councils grapple with economic pressures and community expectations, voter frustration is mounting over the decision to delay the implementation of wage parity for tipped workers until 2034. This announcement follows a heated debate about the impact of raising the minimum wage, particularly as the current federal minimum sits at $10 per hour. Advocates...

In a significant shift for retirement savings, the IRS has introduced mandatory Roth catch-up contributions for high earners, requiring them to select a new $0 pre-tax option for an additional $7,500 in contributions. This change, effective January 2024, aims to enhance the retirement savings landscape for individuals earning over $145,000 annually. The IRS’s decision follows...