Displaying 1 - 10 of 242 Forum Posts1 2 3 4 5 Next
  • Mar 20, 2019 03:42 PM
    Last: 4d
    95

    Medicare is one of, if the the most, important federal programs our government manages, but it's omission of dental coverage is potentially having the adverse effect of making the program more expensive to administer. It may appear counterintuitive to suggest that the government could actually save money by expanding benefits, but it's not as crazy as it sounds.

    Poor dental health can lead to a whole host of general medical problems that you may not have otherwise had if you received regular dental care. A growing body of researchers have begun to conclude that inflammation in your mouth is linked to a greater risk of a myriad of health problems, including heart attacks, dementia, diabetes, and rheumatoid arthritis. All of those conditions are covered by Medicare, but also happen to be exponentially more expensive to treat than general dentistry procedures.

    It's true that it would not be cheap to enact this new benefit, but it's also true that we're already spending tens of billions of dollars a year on reactionary medicine that may have been prevented if a senior had dental coverage provided for.

  • Mar 05, 2019 08:24 AM
    Last: 4d
    692
    I'm glad I came across this before my wife and I submit our taxes this year. Great suggestions.
  • Mar 12, 2019 05:52 PM
    Last: 4d
    190
    I ran into a bit of a pickle back in 2014 when I filed my taxes for the first time as a private contractor. If one thing is true, it's that the IRS will figure out a way to get their money one way or another. The route I decided to take was enrolling in a payment plan directly with the IRS. They let me choose my monthly payment and the rest is history. Four years later I was no longer indebted to the U.S. Government!
  • Feb 12, 2019 07:15 PM
    Last: 1mo
    830
    Yogi Wrote: Hi Jared,

    I will be fully retired at the end of February. No longer receiving a paycheck. You might have misunderstood my question and I probably didn't state it correctly. I just want to know if I will have to continue to pay into SS and Medicare and any other taxes.

    Sorry for the confusion.

    That all depends on a number of factors. If you intend to earn any taxable income after you're fully retired then you'll still be required to pay SS and Medicare taxes on that earned income. But if you're intending to live off a pension, 401k, or (Roth) IRA then you won't be liable to pay any SS or Medicare taxes on that income.

  • Feb 12, 2019 07:15 PM
    Last: 1mo
    830

    There are a variety of factors that determine how much you pay in taxes ranging from what state you live in, how many hours you work each pay period, and how much you earn.

    The most common form of taxes you'll encounter are the Federal Income tax, State Income tax, Social Security, and Medicare. A certain percent of your paycheck is typically automatically deducted by your employer, if you have one. However, if you are a private contractor then you are required to set aside your tax liability and submit payments each quarter.

  • Feb 05, 2019 04:51 PM
    Last: 2mo
    2.4k

    President Trump is set to deliver his second State of the Union Address and his first formal Address in front of a divided Congress and I can't help but think it's going to be quite interesting. Speaker Nancy Pelosi (D) will be sitting directly behind Trump now that Democrats are in control of the House of Representatives, undoubtedly casting a stark difference between now and previous speeches President Trump has delivered in front of Congress.

    It's anybody's guess what President Trump will say tonight, but the thing I'll be paying most attention to is how Republican representatives in the audience react throughout the speech, especially when the President says something controversial. Will they be doubling down on their support of him after their poor showing in the 2018 midterm elections or will we start seeing some push back by more moderate members of the caucus during his speech tonight?

  • Jan 25, 2019 01:43 PM
    Last: 2mo
    690

    Tax filing season doesn't always have to be a drag, especially if you are one of the millions of Americans who use a third-party to help you get everything into the IRS on time. Those companies are well aware of the stress filing season can bring, so it's no surprise that they bring out their A-game during the Superbowl, which also just so happens to be the "Superbowl of Advertising" every years, as well.

    My favorite tax ad of the few years would be when Turbo Tax did a parody of the Boston Tea Party during the 2015 Super Bowl. It was funny, lighthearted, and was one of those times where I caught myself thinking "you know what? I might try Turbo Tax out this year."

    This is just one of many funny tax ads companies have released during the Super Bowl. Which ad is your personal favorite?

  • Jan 09, 2019 02:11 PM
    Last: 2mo
    1.1k

    The Trump Administration promised that Americans tax refund payments will be sent out in a timely manner, despite the fact that the IRS is one of the agencies currently affected by the government shutdown. Russell T. Vought, acting director of the White House Office of Management and Budget, told reporters that "tax refunds will go out" during the shutdown, reversing longstanding policy to the contrary.

    This may sound like welcome news to individuals and families who file their taxes early, but it's not clear whether the Administration has the legal authority to do what they are promising. Not just that, but upwards of ninety percent of IRS workers are currently furloughed due to the government shutdown and the ten percent remaining are higher level political appointees that don't handle refund checks.

    In an attempt to work around that, Treasury Secretary Steven Mnuchin told House Ways and Means Committee Chair Richard Neal that he will require IRS employees to return to work, without pay, to help with the filing season and to begin issuing refunds.

    However, many House Democrats caution that the Administration doesn't have the legal authority to issue refunds during a government shutdown because refunds are sent out using the government’s general fund, which is included in the current shutdown fight. I tend to agree with Chairman Neal's assertion that issuing refunds during a shutdown is not legal because the Congress, not the Executive, has the "power of the purse."

    So if you are someone who likes to file your taxes early then beware that it's not a guarantee you'll be getting your refund while the government is shut down. If the shutdown is resolved in the next couple of weeks then no one will have anything to be concerned about, but if it drags on for some time then we'll be in uncharted territory and the courts will have to decide what the next steps are.

  • Jan 09, 2019 11:43 AM
    Last: 2mo
    3.2k

    The 9 month extension is certainly nice, but it frustrates me that it's only for a very (very) specific degree path. I'm of the belief that our veterans have earned the right to pursue the post-military career of their choice and that 36 months, as is currently the maximum amount of education the Post 9/11 GI Bill allows (not including the STEM extension), is simply not enough.

    It took me 4.5 years to graduate college and that was the *only* thing I was doing (other than a menial job as a lifeguard at a community pool). Veterans entering college after their tour or tours of duty often don't have that luxury. Our leaders should focus on the number of credit hours it will require to obtain a degree or trade certification, not the number of months a veteran is enrolled in a program.

    It's the least we could do for people who served our country.

  • Jan 07, 2019 04:19 PM
    Last: 3mo
    2k
    J.K.Logic Wrote: Am curious of the part where you say 'for years to come'. I get that this will be bad and agree with you otherwise. But what do you mean by that exactly? How will this reverberate years down the road? Wouldn't things get back on track more or less once the govt opens back up?

    I'm worried about the domino effect of a prolonged disruption in the food stamp program on the individuals and families who rely on them and the businesses who predominately sell to those with food assistance.

    My main concern is this hypothetical, but very real, scenario. February 1 rolls around and the SNAP program is suddenly out of money. Overnight, millions of Americans will no longer be able to purchase groceries. Convenience and grocery stores located in low-income neighborhoods suddenly find themselves facing a massive reduction in revenue with no clear end in sight. If the disruption lasts one or two days then they won't have much to be concerned about, but if it drags on for weeks or months they may decide to close up shop because their revenue stream dried up.

    America is already riddled with "food deserts" and I worry that a prolonged shutdown, especially one affecting the SNAP program, will inject steroids into the problem.

    I'm well aware that this is a "worst case scenario," but I also think it's important for SNAP recipients to be aware of what the worst case scenario is. My hope is that we solve this impasse in the next few days and this shutdown will go in the history books with prior ones, but we also should understand the real life consequences of a prolonged shutdown.