Recent News Posts

The RMD age adjustment is actually an extension of a change from the first SECURE Act, which in 2019 raised the age for RMDs from 70 1/2 to 72. In addition to raising the age for 2023 to 73.

Friday December 2nd, HUD announced that the 2023 income limits will be delayed approximately 6 weeks beyond the normal publishing date of April 1st.  More information will follow as it is provided.

October 13, 2022 the 2023 COLA was published at 8.7%. This is the largest increase since 1981.

The IRS has released income averaging guidance to be published on October 12, 2022.

HUD has published the 2022 HOME limits and they are effective June 15, 2022.

A total of 81 states and cities will be raising their minimum wage in 2022.  44 cities will be raising their minimum wage to above $15.00 per hour.  Most of these increases took place the 1st of the new year.

The Social Security Administration has announced the Cost-of-Living Adjustment (COLA) for 2022. Social Security recipients will get a cost of living increase of 5.9%, the largest increase since 1982.

Starting Monday September 6th, an estimated 8.9 million people will lose all unemployment benefits. 

On Tuesday August 3, 2021 the CDC Director signed a new eviction moratorium order, temporarily halting residential evictions for nonpayment of rent in counties with heightened levels of community transmission of COVID-19. The order is set to expire on October 3, 2021.

Beginning July 2021, the IRS will start issuing the Advance Child Tax Credit payments.