Recent changes to the West Virginia Employee Pension (WEP) and Government Pension Offset (GPO) provisions are delivering noteworthy benefits to educators and firefighters across the state. Effective immediately, many retirees in these professions are eligible for monthly pension increases of up to $500, providing significant financial relief and enhancing their retirement security. These adjustments stem...

Consumers affected by a recent data breach at AT&T are now eligible to claim a substantial compensation of up to $7,500. The telecommunications giant has agreed to a $177 million settlement following a class-action lawsuit that alleged the company’s inadequate security measures led to a significant breach compromising millions of customers’ personal information. Eligible individuals...

Legislators have enacted a new law increasing the standard deduction for married couples filing jointly to $31,500, marking a significant adjustment aimed at providing relief to millions of taxpayers. This change, part of recent tax reforms, is designed to reduce taxable income for qualifying households, potentially lowering their overall tax burden. The update is the...

California has announced a new initiative to provide direct financial assistance to millions of households through electric credits, offering payments of up to $250 per household with minimal effort required from residents. The program aims to support energy affordability amid rising utility costs and the state’s ongoing efforts to promote cleaner energy sources. Over 11.5...

The Social Security Administration (SSA) has announced an anticipated increase in the 2026 Cost-of-Living Adjustment (COLA) that could significantly boost benefits for retirees aged 62 to 80. Based on recent inflation trends and the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), experts project that the COLA could rise by approximately 3.4%,...

The Social Security Fairness Act of 2025 represents a significant legislative effort aimed at addressing longstanding disparities in retirement benefits for millions of Americans. Introduced in early 2025, this bill seeks to eliminate the current restrictions that prevent certain workers from earning full Social Security benefits based on their employment history or earnings. If enacted...

Social Security Administration (SSA) has announced a significant update to its retirement guidelines, redefining the traditional understanding of full retirement age (FRA). For decades, individuals could typically plan to retire around age 66 or 67, depending on birth year. However, the latest adjustments now position seventy as the new benchmark for full benefits eligibility, reflecting...

Automotive consumers and industry analysts are closely monitoring recent developments surrounding potential trade policy shifts that could significantly impact vehicle prices. Reports indicate that a threat by former President Donald Trump to impose new tariffs on imported automobiles and auto parts could lead to an increase of up to $5,286 per vehicle. This looming prospect...

Amazon announced this month that it will provide a $1.90 hourly increase to its longest-serving employees across its fulfillment centers and delivery operations. This move marks a significant recognition of employee tenure amid ongoing industry debates over wages and labor practices. The pay raise, effective immediately, affects thousands of workers who have been with the...

The Internal Revenue Service (IRS) has announced the contribution limits for 2025 retirement plans, revealing a significant increase for 401(k) accounts. The maximum amount individuals can contribute to their 401(k) plans will rise to $35,500, marking a notable adjustment from the previous year’s limit of $22,500. This change reflects ongoing efforts to accommodate inflation and...