Diamond Hubbard

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Taxpayers and Homeowners Share the Same Risk Regardless of Politics

The ongoing policy debate regarding the federal government's role in the housing marketplace often pits taxpayers against homeowners, as if their goals are separate and somehow incompatible.<p>Although the national rate of homeownership has dropped to a 48-year low of 63 percent, the fact still …

Paying Income Tax on Social Security Benefits

<i>Dear Savvy Senior,</i><p>Will I have to pay federal income taxes on my Social Security benefits when I retire?<p>--Approaching Retirement<p><i>Dear Approaching,</i><p>Whether or not you'll be required to pay federal income tax on your Social Security benefits will depend on your income and filing status. About 35 percent …

Retirement

20 stats everyone should know about Social Security in 2016

<b>Social Security is a necessary part of Americans' retirement income</b> <br>The first two stats show just how important Social Security is. As of the latest available data release, 39.5 million retired Americans were receiving Social Security benefits, and 64% of these people rely on Social Security for …

Retirement

How Continuing To Work, Even In Retirement, Can Increase Social Security Benefits

The conventional view of delaying Social Security is that doing so is an opportunity to earn delayed retirement credits, an 8%/year increase in …

Retirement

Social Security Disability Benefits Guide

Social Security disability benefits can provide for your family when an injury, illness, or disability prevents you from working and earning an …

Retirement

Take a Close Look at Social Security in 2016

Any change to Social Security warrants attention, but there was enough activity late last year to require close reading and maybe a little additional planning if you're getting close to retirement age.<p>To recap, in mid-October, the U.S. Social Security Administration announced there would be no …

TaxAct breached: Customer banking and Social Security information compromised

Tax software maker TaxAct is informing some of its customers that an unauthorized third party accessed their TaxAct account in late 2015.<p>According to …

Mark Your Calendar: Employer Tax Filing Deadlines

As an employer, you have various tax-reporting responsibilities. These responsibilities have expanded. What’s more, the deadlines for some filings …

Business Administration

FACT CHECK: Social Security Changes to Take Effect 1 May 2016

CLAIM<p>Changes coming to Social Security on 1 May 2016 "threaten the financial security" of millions of Americans.<p>RATING<p>WHAT'S TRUE<p>Changes to Social …

2.5 million Social Security numbers exposed by state corrections department, audit finds

The Social Security numbers of more than 2.5 million Marylanders were exposed last year due to insufficient safeguarding by the Department of Public …

Social Security

11 Tips To Protect You From Identity Theft & Related Tax Fraud

If the chatter is to be believed, identity theft tops the list of taxpayer concerns for 2016. And it’s not all in your head: a 2015 Identity Fraud Study, released by Javelin Strategy & Research, found that identity thieves stole $16 billion from 12.7 million U.S. consumers in 2014, a new victim …

How to navigate social security and optimize your benefits

How to navigate social security and optimize your benefits<p>Up Next<p>See Gallery<p>Discover More Like This<p>Restricted application – which is still going to be available for another four years – is where an individual who is at least full retirement age, has not filed for any benefits previously and whose …

Clinton weighs making investment income taxable for Social Security

Nashua, NEW HAMPSHIRE (Reuters) - U.S. Democratic presidential candidate Hillary Clinton said on Tuesday that she would consider making investment income taxable through Social Security deductions in a bid to keep the government program afloat, the Wall Street Journal reported.<p>U.S. Democratic …

Retirement

Hoover woman enters plea deal; got $98k in loans using child's Social Security number

A Hoover woman, who served prison time for falsifying mortgage documents to buy two homes in 2008, entered a plea deal with federal prosecutors this …

Hack at University of Central Florida exposes 63,000 student social security numbers.

University of Central Florida president John Hitt announced Thursday that the school has been, well, hacked. Discovered at the beginning of January, …

63K Social Security Numbers Stolen In University Hack In Florida

Most of the Social Security numbers stolen belonged to faculty members, but some students were also affected.<p>The University of Central Florida, a …

Avoid Taking Retroactive Social Security Benefits

You have waited to file your Social Security benefits to raise the amount of benefits that you receive. At the time of filing, you are offered retroactive Social Security benefits for up to six months. Why would you not take the Social Security Administration up on that offer?<p>There is one huge …

Long-Term Tax Strategy: 5 Questions To Ask Your Advisor

The Tax Deadline is quickly approaching and the influx of 2016 tax tips is hitting the newsstands. While it’s a great time to brush up on the tax laws and create a 2016 game plan, it’s also important to take a step back and think about the bigger picture and your long-term tax approach.<p><b>The Rising</b> …

IRS says it's experiencing computer failure

"Several of our systems are not currently operating, including our modernized e-file system and a number of other related systems," the IRS said in a statement.<p>"A number of taxpayer and tax practitioner tools are unavailable," it said. "IRS.gov remains available, although a number of the services …

Understanding Your Tax Forms 2016: 1099-MISC, Miscellaneous Income

<b>Here’s what you should know about the form 1099-MISC, Miscellaneous Income:</b><p>A form 1099, <i>Miscellaneous Income,</i> is a “catch all” form. It’s used to report income that can’t be neatly categorized anywhere else.<p>A form 1099-MISC is issued for payments made in the course of a trade or business. Personal …

Clark Howard

Download Episode Clark Howard 6.28.18 Topics: Amazing app Acorns now offering banking services;…Read more<p>Download Episode Clark Howard 6.27.18 …

Health care law makes tax season tougher for small companies

NEW YORK (AP) — As more requirements of the health care law take effect, income tax filing season becomes more complex for small businesses.<p>Companies required to offer health insurance have new forms to complete providing details of their coverage. Owners whose payrolls have hovered around the …