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Topic: Social Security

Social Security, Just Who is Entitled

 

Clarksville, TN – The word “entitlement” means, in the legal sense, “a guarantee of access to benefits because of rights or by agreement through law.” The Social Security Act was signed into law under President Franklin Delano Roosevelt in 1935. Originally established as a safeguard after the Great Depression, Social Security is currently estimated to keep roughly 40% of all Americans age 65 or older out of poverty.

One of the provisions is social insurance program that is funded through dedicated payroll taxes called Federal Insurance Contributions Act (FICA).

After some changes in the original law, Social Security now covers benefits for retirement, disability, survivorship, and death, which are the four main benefits provided by traditional private-sector pension plans. «Read the rest of this article»

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Frazier Allen reveals Savvy Social Security strategies

 

Consider these ideas to help you make the most of your benefits

F&M Investment Services - Raymond James - Clarksville, TNClarksville, TN – Alongside other sources of income, Social Security can be a critical component of your total retirement resources, so it’s important to consider ways to optimize the value it can bring.

After all, these payments account for up to 40% of most retirees’ income, according to the Social Security Administration (SSA), with savings, pensions and retirement accounts making up the rest. Here are a few things you (and your spouse if you’re married) should think about as you get ready to retire.

Social Security Strategies «Read the rest of this article»

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Credo Amouzouvik speaks at the 106th Annual Lone Oak Picnic

 

Election 2014Cunningham, TN – U.S. House of Representatives District 7 candidate Credo Amouzouvik spoke at the 106th Annual Lone Oak Picnic held by the Central Civitan Club on Saturday, July 27th, 2014.

I am a war wounded veteran from Fort Campbell running for Congress in the 7th District of Tennessee. A fresh start and a new direction is what I am bringing to the table,” said Amouzouvik.

A fresh start and a new direction where our senior citizens are not beat up on. A fresh start and a new direction where social security is guaranteed to those who have worked hard their entire life,” stated Amouzouvik.

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IRS gives Tax Information for Students Who Take a Summer Job

 

Internal Revenue Service - IRSWashington, D.C. – Many students take a job in the summer after school lets out. If it’s your first job it gives you a chance to learn about the working world.

That includes taxes we pay to support the place where we live, our state and our nation.

Here are eight things that students who take a summer job should know about taxes.

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IRS reminds tax exempt organizations to file by May 15th

 

Internal Revenue Service - IRSNashville, Tn – The IRS has a few important reminders as the May 15 filing deadline for many tax-exempt organizations fast approaches.

Make sure you file Form 990 if you are required to file. Filing the form is very important for many groups who are at risk of losing their tax exemption.

Do not include Social Security numbers on Form 990 when you file the form. The IRS also cautions not to include personally identifiable information. Including unnecessary SSNs or other unrequested personal information could lead to identity theft.

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Clarksville’s New Providence Community Policing Center to hold Job Fair Friday, November 15th

 

Clarksville Police Department - CPDClarksville, TN – On Friday, November 15th, 2013, from 10:00am to 1:00pm, the New Providence Community Policing Center (NPCPC) is hosting a Job Fair. There are multiple employers that will be attending this event.

Bring your résumé, photo ID, and Social Security card or birth certificate. Dress for success. Be prepared to complete job applications and to interview.

Job Fair at New Providence Community Policing Center Friday.

Job Fair at New Providence Community Policing Center Friday.

«Read the rest of this article»

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IRS says Protect Yourself from the Dirty Dozen Tax Scams

 

Internal Revenue Service - IRSWashington, D.C. – The IRS’s annual ‘Dirty Dozen’ list includes common tax scams that often peak during the tax filing season. The IRS recommends that taxpayers be aware so they can protect themselves against claims that sound too good to be true.

Taxpayers who buy into illegal tax scams can end up facing significant penalties and interest and even criminal prosecution. «Read the rest of this article»

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Understanding “Sequestration”

 

F&M Investment Services - Raymond JamesClarksville, TN – If you like political drama, you’re in luck. It seems like just yesterday the news was filled with references to the fiscal cliff. Now, coming to theaters everywhere, is “sequestration.” Look for more political confrontation to unfold as sequestration gets under way.

What exactly is sequestration?

“Sequestration” refers to a series of automatic, across-the-board spending cuts to federal government agencies that are scheduled to take place in fiscal years 2013 through 2021. «Read the rest of this article»

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Clarksville Montgomery County School System to kickoff Pre-Kindergarten Applications in March

 

The Clarksville-Montgomery County School SystemMontgomery County, TN – The Clarksville Montgomery School System will begin taking applications for the 2013-14 CMCSS Voluntary Pre-Kindergarten starting in March.

The applications will be taken on the following dates and school sites from 4:00pm–6:00pm. «Read the rest of this article»

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Child and Dependent Care Costs May Qualify for Tax Credit

 

Internal Revenue Service - IRSWashington, D.C. – If you paid someone to care for your child, spouse, or dependent last year, you may qualify to claim the Child and Dependent Care Credit when you file your federal income tax return.

Below are 10 things the IRS wants you to know about claiming the credit for child and dependent care expenses. «Read the rest of this article»

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