The Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) previously reduced an individual’s Social Security benefits, but new legislation has repealed these provisions.

While inflation numbers have started to ebb compared to the last two years, the Social Security Administration acknowledged rising prices with increases in both benefit- and earnings-related programs.

The IRS adjusted the 2025 contribution limits for some retirement accounts, and next year will be the first implementation of a new provision for earners age 60 through 63.

For taxpayers impacted by recent storms across the Southeastern United States, the IRS has extended key deadlines for filing and paying 2024 taxes and provides guidance for relief.

Although the IRS has waived 2024 required minimum distributions for non-spousal IRAs inherited after 2020, heirs must take mandatory distributions starting in 2025.

The IRS announced the 2024 contribution limits for retirement accounts. While they are not rising by as much as they did last year, they are still increasing.

How your real estate in Florida is handled at your passing depends on the type of plan you put in place beforehand.