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Social Security Beneficiaries Face Unexpected Taxes on Increased Benefits

Youngstown, Ohio – New information reveals that millions of Social Security beneficiaries are now required to pay taxes on their benefits, representing a substantial change for many individuals who have never faced this obligation in the past. The recent cost-of-living adjustment (COLA) has resulted in larger monthly checks for recipients, but it has also triggered the imposition of taxes on these benefits, catching many off guard. According to a recent survey conducted by The Senior …

How To Protect Your Assets from Inflation When Planning Your Estate

Strong plans for retirement and estates always take into account bad times. We can’t deny that inflation is a big deal these days. It seems like inflation has reached every part of consumers’ lives, from the gas pump to the grocery store to the mall.

A 2-year installment Sale Can Help You Reduce Capital Gains Taxes

You can save money with a two-year installment sale if you want to sell an asset, property, or business which significantly increased in value. Essentially, it is a double-sale method designed to generate a tax timing gap between when the asset sale funds are received and when they are taxed.

Biden Aides Float Raising Taxes on the Wealthy Amidst Trump GOP Frontrunner Emergence

Washington D.C. – As the 2024 presidential election approaches, the Biden camp is strategizing to differentiate itself from the likely Republican frontrunner, Donald Trump. One of the proposed strategies includes raising taxes on the wealthy to bolster Social Security benefits. These efforts come as recent polls show Trump leading among Republicans and Biden trailing among Democrats. The Harvard-Harris poll also indicates Trump holding a lead over Biden in general election polling. To set the Biden …