Social Security Will Go Broke Faster Than You Think

Social Security Will Go Broke Faster Than You Think, Wharton School Says
The financial state of Social Security is worse than the government says it is, according to the Wharton School of Business at the University of Pennsylvania. The situation is direr than the Social Security Trustees estimate because they are not factoring in how the future increase in the national debt reduces the expected growth of the payroll tax base, Wharton school reported in the Penn Wharton Budget Model.

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Interest Rate Hike

Interest Rate Hike
Federal Reserve officials discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households.

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2018 Income Tax Brackets and Rates

2018 Income Tax Brackets and Rates
Many tax brackets, thresholds, and rates will change in 2018 due to the passage of the Tax Cuts and Jobs Act (TCJA). Changes include elimination of personal exemptions, elimination of the Pease limitation on itemized deductions and the expansion of the Child Tax Credit.

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IRS issues HSA contribution limits for 2019

IRS issues HSA contribution limits for 2019
For 2019, the annual limit on deductible contributions will increase for both individuals and for those with family coverage. Individuals with self-only coverage, the deductible contribution limit will increase $50 from 2018 to $3,500. The limit will increase $100 for family coverage, to $7,000.

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