Money Talk

JANUARY 4, 2024

Tax Refund Adjustments - Sometimes people miss a tax credit, deduction, or adjustment and need to file an amended tax return. Unclaimed Money - This is money held by state governments from a variety of sources including bank accounts, utility deposits, pension benefits, and insurance policies.

Life Insurance 171

Life Insurance Pension Benefit Retail Taxes 171

Money Talk

AUGUST 16, 2023

Tax Bracket Triggers - When earnings are added to a pension, Social Security, RMDs, and other taxable income, planning is needed to avoid a higher tax rate or Medicare premium. Medicare Premium Tax Write-Off - Self-employed people age 65+ who are enrolled in Medicare Part B and D can deduct their monthly premiums against business income.

Taxes 130

Taxes Pension Deductions Deductible 130

Money Talk

DECEMBER 22, 2021

Pension COLAs - Pension benefits for some retirees are also indexed for inflation. An example is pensions for federal government workers and military retirees and disabled veterans. a $59 increase for every $1,000 of benefits) in 2022. Other pensions have frozen or suspended COLAs for their retirees (e.g.,

401(k) 227

401(k) Pension Taxes Deductions 227

Employee Benefits

JANUARY 21, 2022

million pension savers [1] are set to reach the limit and will be hit with a tax charge of 55% in retirement. This could particularly affect those who never check the value of their pension, or haven’t done so for some time. Positive pension fund growth as well as a pay rise may easily push them over the LTA before they know it.

Pension 52

Pension Taxes Pension Benefit Education 52

HR Digest

FEBRUARY 20, 2020

Offering excellent retirement benefits for an employee can be useful for small companies who strive to attract and retain the right talent and skilled professionals. Some of the reasons are: Around 75% of the employees expect their employees to provide better retirement benefit pension plans. Work Smart.

Pension 87

Pension Retirement Plan Taxes Pension Benefit 87