
Karla Bowsher
Managing Editor at Money Talks News
Freelance journalist ■ Into money & health in the public interest ■ Prone to uncouth candor ■ Alum of FAU, @SunSentinel, @BrowardBulldog, et al
Articles
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2 days ago |
moneytalksnews.com | Karla Bowsher
fizkes / Shutterstock.comPerhaps the best-known campaign promise made by President Donald Trump is extending the tax cuts that started during his first term. A federal law created in 2017, called the Tax Cuts and Jobs Act, lowered federal income taxes in various ways, but most were temporary. Some key tax breaks are set to expire after this year — unless Congress acts. Such action is what Trump promised while campaigning. But extending expansive tax cuts is not without cost.
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1 week ago |
moneytalksnews.com | Chris Kissell |Karla Bowsher
Two bills recently introduced in Congress would sharply drop federal income taxes for many older Americans. If they become law, millions of retirees would benefit at a time when many are struggling to stay on top of rising costs. Here is what is being proposed — and what happens next. The Bonus Tax Relief for America’s Seniors ActWhat this legislation does: People who are 65 or older, or blind, get a boost to their standard deduction.
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2 weeks ago |
moneytalksnews.com | Karla Bowsher
Life moves quickly. It’s easy to get distracted. But that can be costly. Miss an important financial date or deadline, and you could be on the hook for a penalty or lose out on a limited-time opportunity to save money. Enter our “Money Calendar” series. In this edition, we’ve rounded up the noteworthy money dates in May 2025. Take a look and mark your calendar with any dates that apply to you. And if you enjoy this series, sign up for the Money Talks Newsletter so you don’t miss the next edition.
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1 month ago |
moneytalksnews.com | Chris Kissell |Karla Bowsher
Lordn / Shutterstock.comIf you are a wealthy person heading into retirement, prepare for some potential sticker shock once you enroll in Medicare. About 8% of enrollees earn enough income to be subject to a surcharge that is added to their Medicare premiums. It’s called an income-related monthly adjustment amount, or IRMAA.
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1 month ago |
yahoo.com | Chris Kissell |Karla Bowsher
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