Beginning in October 2025, Canada will implement new driving license regulations specifically targeting residents over the age of 70. The updated policies aim to enhance road safety by introducing mandatory health assessments and periodic renewals for senior drivers. These changes reflect ongoing concerns about age-related declines in vision, cognition, and motor skills, which can impact […]

The Internal Revenue Service (IRS) has clarified the threshold at which income from side projects and gig work must be reported through the Form 1099-K. Starting in the upcoming tax season, individuals earning more than $20,000 from such activities via third-party settlement organizations—like PayPal, Venmo, or platforms such as Uber and Etsy—will receive a 1099-K […]

California has announced a new initiative offering direct payments of up to $250 to over 11.5 million households across the state, aimed at providing electric credits with minimal action required from residents. The program, unveiled by state officials on Tuesday, is designed to help alleviate energy costs amid rising utility rates and encourage the use […]

The U.S. Department of Motor Vehicles (DMV) announced a series of new regulations that will affect drivers aged 70 and older, effective October 2025. These updates aim to enhance road safety by implementing more comprehensive testing and review procedures for senior drivers. Starting next fall, individuals in this age group will face mandatory vision and […]

Eligible Cash App users are set to receive as many as 147 checks following a recent settlement related to a widespread texting controversy involving the mobile payment platform. The $12.5 million settlement resolves allegations that Square Inc. (the parent company of Cash App) improperly used text messages to promote its services without adequately informing recipients […]

Residents of Alaska can expect to receive a $1000 PFD stimulus payment starting this October, part of the state’s annual distribution of the Permanent Fund Dividend. The Alaska Department of Revenue announced the complete payment schedule earlier this week, detailing the dates and eligibility requirements for recipients. The stimulus aims to foster economic stability amid […]

Married retirees across the United States are experiencing a notable boost in their monthly Social Security benefits, with the average for couples rising to $3,089. This increase, announced by the Social Security Administration (SSA), reflects the annual cost-of-living adjustment (COLA) implemented for 2024, which aims to offset inflation and maintain purchasing power for retirees. The […]

Workers earning overtime pay in 2025 may have a significant opportunity to reduce their taxable income through strategic tax deductions. The IRS allows eligible taxpayers to claim deductions on up to $25,000 of overtime earnings, potentially saving thousands of dollars during tax season. This provision aims to provide relief for employees who often work long […]

The Social Security Administration (SSA) has announced a significant change to the retirement landscape in the United States: the full retirement age will increase to 67 for individuals born in 1960 or later. This adjustment, part of ongoing reforms aimed at ensuring the program’s long-term financial stability, shifts the traditional retirement age upward from 66. […]

The Internal Revenue Service (IRS) has announced that the annual contribution limit for both Traditional and Roth IRA accounts will remain at $7,000 for the upcoming tax year. This unchanged cap applies to individuals under age 50, with an additional catch-up contribution allowance of $1,000 for those aged 50 and older, bringing the total to […]