Jan. 3: People who claimed Social Security before May 1997 or who receive both Social Security and SSI will see their new 2025 COLA reflected when they receive their checks on this day. Jan. 8: Recipients born
Mobile banking apps: Apps offered by banks, fintech companies or credit unions often allow you to deposit checks and access your funds electronically, sometimes on the same business day. FAQs about check-cashing services What is the most a check-cashing provider will cash? How do check-cashin...
On the first day, the IRS only processes refunds that it will make through direct deposit, and on the second processing day, the IRS mails all refund checks to taxpayers who don't choose direct deposit. But this doesn’t mean your refund will be processed immediately afte...
It isn’t common, but there are times when your Social Security payment could be delayed. Maryalene LaPonsieApril 30, 2025 401(k) Rollover: Is an Annuity Right? Annuities offer protection, but your 401(k) already gives you tax advantages without the fees and complexity. ...
For these reasons, direct deposit has surpassed printed checks as the preferred method of payment. However, employees must have a valid bank account and it can sometimes take up to two weeks to set up. A more recent payment option that’s growing in use are prepaid debit cards or payroll ...
When do you stop paying into the Social Security system? What is the maximum amount of Social Security tax? How has the Social Security tax limit changed over time? What happens when your earnings exceed the taxable maximum? Is there a Medicare tax limit? What Is the Social Securi...
6. File and deposit taxes As an employer, you’re responsible for filing and paying the taxes you deducted from your employees' checks. For most businesses, this means quarterly payments to the IRS and the state. Avoid paying late because it can cost your business more money in the form...
Checking accounts are used for day-to-day cash deposits and withdrawals. Banks and credit unions offer them, and you can access your money with a linked debit card, through online transfers or by writing checks. They are typically federally insured up to $250,000 by either the Federal Depos...
The bank will then send you a debit card and, in some cases, paper checks so you can spend as needed after the account is funded. Open the checking account that suits your lifestyle Once you find the right checking account for you, you’ll likely use it almost every day. It’ll be...
As a business owner, you know how important it is to keep payroll running smoothly—but do your employees know how to use their pay stubs? Here’s how you can guide your team. 1. Check their pay stubs Pay stub errors can happen, and catching them early makes corrections easier. Encourag...