The Internal Revenue Service (IRS) sets a limit on the amount of money or property you can gift to another person without incurring a gift tax. This limit is known as the annual gift tax exclusion. For 2023 and 2024, the annual gift tax exclusion is $16,000 per person. This means that you can give up to $16,000… Read More »
The annual cost-of-living adjustment (COLA) for Social Security benefits is determined by the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from the third quarter of the previous year to the third quarter of the current year. In 2025, the CPI-W increased by 8.7%, resulting in an 8.7% COLA for Social… Read More »
The Social Security Administration (SSA) cost-of-living adjustment (COLA) for 2025 has been announced as 5.9%. This means that Social Security benefits will increase by 5.9% in January 2025. The COLA is intended to help Social Security beneficiaries keep pace with inflation. The COLA is calculated based on the Consumer Price Index for Urban Wage Earners and Clerical Workers… Read More »
The Super Bowl is the biggest game in American football, and tickets to the event are highly sought-after. The cost of a Super Bowl ticket varies depending on a number of factors, including the seat location, the day of the week, and the popularity of the teams playing. Generally speaking, Super Bowl tickets can cost anywhere from $500… Read More »
Part D deductible is the amount you must pay out-of-pocket for covered prescription drugs before your insurance begins to cover the costs. The Part D deductible is set each year by the Centers for Medicare & Medicaid Services (CMS). The Part D deductible for 2025 is $505. This means that you will have to pay the first $505… Read More »
The 2025 Chevelle is a highly anticipated muscle car from Chevrolet. It is a revival of the classic Chevelle that was produced from 1964 to 1978. The 2025 Chevelle is expected to be a high-performance vehicle with a powerful engine and sleek design. The price of the 2025 Chevelle has not yet been announced, but it is expected… Read More »
The cost of Supplemental Security Income (SSI) is adjusted each year to keep pace with inflation. The Social Security Administration (SSA) uses the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) to calculate the annual cost-of-living adjustment (COLA). The COLA for 2025 has not yet been announced, but it is expected to be around 2.8%.… Read More »
The child tax credit (CTC) is a tax credit for each qualifying child under the age of 17 at the end of the tax year. The CTC is a refundable credit, meaning that you can receive a refund even if you do not owe any taxes. The amount of the CTC varies depending on the child’s age and… Read More »
The phrase “how much is medicare 2025” refers to the projected cost of Medicare in the year 2025. Medicare is a federal health insurance program for people aged 65 and older, as well as for certain younger people with disabilities. The cost of Medicare is projected to rise significantly in the coming years due to the aging population… Read More »
Determining the price of a 2025 Ford Edge requires considering various factors that may influence its overall cost. These factors include the vehicle’s trim level, optional features, and current market conditions. As the 2025 Ford Edge is not yet available for purchase, its exact price has not been officially announced. However, based on the pricing of previous Ford… Read More »