Author: Elizabeth Blessing
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Food stamps for a three-person household reach $808 a month on October 1
A monthly grocery-benefit ceiling that has held at $785 for three-person households since October 2025 is about to move. Beginning Oct. 1, 2026, the U.S. Department of Agriculture is raising the maximum Supplemental Nutrition Assistance Program allotment for a household of three in the 48 states and the District of Columbia to $808. The change…
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Food stamp recipients aged 55 to 64 can now be cut off after three months under the rewritten work rule
A provision buried inside the One Big Beautiful Bill Act has pulled hundreds of thousands of older food stamp recipients into a work rule that used to stop at age 54. Since the law took effect in July 2025, adults age 55 through 64 who do not have dependents living with them now count toward…
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The White House announced $500 refund checks for people who paid full price on the federal health exchange, starting in October
On September 10, 2026, the White House published a fact sheet announcing that the federal government will send $500 checks this fall to nearly 1 million Americans the administration says were overcharged on Affordable Care Act exchange plans. The announcement frames the money as a refund of fees built into Obamacare premiums, not a new…
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A failed direct deposit brings IRS notice CP53E and 30 days to supply bank details.
The IRS’s shutdown of paper refund checks turned one ordinary filing mistake, a bad bank routing number, into a notice with its own name and its own clock: CP53E, with exactly 30 days attached to fix it. Anyone who’s filed a return expecting a refund and instead found a notice in the mailbox is dealing…
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The senior deduction is available whether a filer itemizes or takes the standard deduction.
Most tax breaks in the federal code force a choice: itemize specific expenses on Schedule A, or take the standard deduction and skip the itemizing altogether. The Internal Revenue Service has now confirmed that the new enhanced deduction for people 65 and older breaks that pattern. A taxpayer doesn’t have to give up the standard…
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A couple where both spouses qualify can deduct $12,000, and the break ends after 2028.
Married couples doing their own tax math this filing season are running into a provision that didn’t exist on returns before 2025: an extra deduction set aside for people 65 and older, doubled when both spouses qualify for it. The Internal Revenue Service laid out the mechanics in a tax tip published this February, and…
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The senior deduction is gone entirely once a single filer’s income reaches $175,000.
Most tax breaks that shrink with income do it so gradually that nobody notices the exact point where they hit zero. The new deduction for taxpayers 65 and older isn’t built that way. The law behind it sets a specific, calculable income level where the break disappears completely, and for a single filer that level…
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Turning 65 by the last day of 2026 opens the $6,000 senior deduction, meaning a birthday before January 2, 1962.
December 31, 2026 does something no other date on the calendar does for this deduction: it decides, based on nothing but the day someone was born, who gets the new $6,000 senior deduction on their next return and who has to wait another year to qualify. The rule tests a taxpayer’s age on the very…
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Getting no 1099-K does not make the income tax-free, and the IRS still expects it reported.
Not getting a tax form in the mail does not erase the tax bill it would have documented. That is the single biggest misunderstanding hanging over Form 1099-K this filing season, especially now that the federal reporting bar sits at $20,000 and 200 transactions instead of the lower figure Congress once planned. A gig driver,…
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Some states still send a 1099-K at $600, whatever the federal $20,000 threshold says.
A part-time seller in Worcester, Massachusetts, who moved roughly $2,200 in used furniture and freelance design work through payment apps this year will still get a Form 1099-K in January. That comes as a surprise to a lot of people, because Congress just pushed the federal reporting bar for those forms back up to $20,000.…
