Virginia Archives - DR News - News, Retirement, Finance

Snow forecast DC, Maryland, Virginia: Icy Roads Prompt School Closings & Delays

WASHINGTON – Following the first significant snowfall in years, some school systems in the Washington, D.C., Maryland, and Virginia areas will be closed or delayed on Wednesday. Concerns are rising for icy road conditions on Wednesday morning as temperatures are expected to drop into the teens and single digits Tuesday night. The updated list of school closings, delays, and early dismissals in the region has been provided for the convenience of the public. Residents are …

Social Security Taxes To Be Completely Axed in West Virginia: Governor Jim Justice Proposes Historic Reform

Charleston, West Virginia – In a surprising move, Republican Governor Jim Justice has unveiled a bold plan to completely eliminate Social Security taxes in West Virginia. This proposal, announced during his final State of the State Address on Wednesday, January 10, aims to wipe out all taxes that can be applied to Social Security, following a series of tax rate reductions on state-funded income. The governor emphasized his commitment to tax cuts, stating that the …

Retire in West Virginia: Find Peace and Adventure in Charming Small Towns

Fayetteville, West Virginia, offers retirees a serene retreat in the heart of nature, surrounded by rolling mountains, lush forests, and picturesque rivers. Known for its strong sense of community, this small town near the New River Gorge National Park provides a welcoming atmosphere for seniors looking to settle down in a peaceful environment. Residents can enjoy a vibrant cultural scene at the Historic Fayette Theater and partake in group-based escape games at the popular Escape-A-Torium …

Income Tax on Social Security Benefits in West Virginia Phased Out Over Three Years by New Bill

Charleston, West Virginia – Governor Jim Justice has signed House Bill 4880, which will phase out the state income tax on Social Security benefits over the next three years. This move comes as a relief to many retirees and seniors in West Virginia who have been burdened by this tax on their retirement income. The bill will eliminate the state income tax on Social Security benefits for single filers earning more than $50,000 and couples …

Tax on Social Security Benefits Phased Out in West Virginia, Bringing Relief to Retirees

CHARLESTON, West Virginia – Retiree advocacy groups are celebrating the recent passage of a bill aimed at phasing out state taxes on Social Security benefits. The new legislation, championed by Governor Jim Justice, proposes a three-year plan to completely eliminate taxes on Social Security income, with an estimated impact of over $37 million. AARP West Virginia State Director, Gaylene Miller, expressed joy over the decision to gradually remove this financial burden on retirees. The bill …

Arena-Bold Political Standoff: Virginia Senators Block Billion-Dollar Project

Richmond, Virginia – A proposed $1.5 billion project to build a Wizards and Capitals arena in Virginia is facing opposition from state Sen. L. Louise Lucas, a powerful Democrat from Portsmouth. Lucas, a force in Richmond at 80 years old, has raised concerns about the public debt backing the project, leaving Governor Glenn Youngkin frustrated and the future of the arena uncertain. The General Assembly plays a crucial role in the fate of the arena, …

Tax Triggers Tied to West Virginia Pay Raises and Social Security Cuts

CHARLESTON, West Virginia – Negotiations are underway in the West Virginia Legislature to finalize the budget before the end of the session on Saturday. The state Senate has introduced amendments to House Bill 4883, which focuses on increasing the annual salaries of certain state employees, including teachers, school service personnel, and West Virginia State Police troopers and employees. Originally, Governor Jim Justice proposed a 5% pay raise for these employees, costing over $80 million. However, …

Tax Cuts for West Virginia Seniors on the Horizon as Lawmakers Debate Elimination of Social Security Tax

Charleston, West Virginia – More than 50,000 senior citizen households in West Virginia stand to benefit from the proposed elimination of the state’s income tax on Social Security benefits. Governor Jim Justice put forward this proposal during his State of the State address in January, aiming to provide significant relief to retirees. This initiative comes on the heels of a record income tax cut for all earners implemented in the previous year, leading House and …

Supreme Court Declines Review of Virginia Tech Bias Reporting Program, Frustrating Conservative Justices

Blacksburg, Virginia – The Supreme Court recently made an important decision regarding a defunct program at Virginia Tech designed to allow students to anonymously report biased behavior. This decision has sparked debates among legal experts around the country. The program, known as the “Bias Intervention and Response Team,” was created in 2018 but was disbanded in early 2023. The Supreme Court’s ruling declaring the case moot has frustrated conservative justices who argue that the issue …

West Virginia Residents Ready to Purchase Super Saver Deals

Charleston, West Virginia – Residents gathered at City Hall last night to discuss the upcoming changes in state policies affecting postal services. The meeting aimed to address concerns from citizens about the potential impact on their daily lives. Citizens expressed worries about the proposed changes and how they would affect their ability to send and receive mail. Many were concerned about the possible increase in postal rates and how it would impact their budgets. Local …