Government Rebates and Payments | Saving to Invest

2026-2027 Saver’s Tax Credit Income Limits and How to Claim It

The Saver's Credit gives lower- and moderate-income workers a direct tax credit — not just a deduction — for contributing to a retirement account. For 2026, the income limits increased across all filing statuses, so more people now qualify than in prior years. The IRS confirmed these thresholds in Notice…

SSI Maximum Payment Amounts for 2026, Plus the 2027 Outlook

The maximum federal Supplemental Security Income (SSI) payment for 2026 is $994 a month for an individual and $1,491 a month for a couple, confirmed by the Social Security Administration's 2.8% cost-of-living adjustment (COLA). That's up from $967 and $1,450 in 2025. Most people don't actually get the maximum. Your…

Average Monthly Social Security Benefits Change With COLA Increase

See this article for the latest COLA increase - https://savingtoinvest.com/social-security-tax-and-cost-of-living-adjustment-cola The Social Security Administration (SSA) confirmed that the 2013 COLA increase will be 1.7%. This means that nearly 62 million Americans will see their benefit payments increase in January 2013, with the average retiree receiving a $21 increase. As detailed in the…

Fiscal Cliff: Payroll Credit and Income Tax Cut Extensions, Unemployment Insurance and Reserve Bank Actions

The American economy is experiencing a seeming reversal of fortune following significant internal and external headwinds. The stock market, which tends to be a leading indicator of the economy, is back to 2011 levels. GDP and employment figures are also showing signs of slowing down. Some experts, including former President…

The Federal Estate Tax Exemption Is $15 Million in 2026 — And Now Permanent

The federal estate tax exemption is $15 million per person for 2026 — up from $13.99 million in 2025, according to the IRS's 2026 inflation adjustments. A married couple can shield up to $30 million combined using portability. This isn't just another annual inflation bump. The One Big Beautiful Bill…

2026–2027 Updates: Child Tax Credit (CTC) and Kiddie Tax — Thresholds, Eligibility, and OBBBA Changes

The Child Tax Credit (CTC) is $2,200 per qualifying child for the 2026 tax year, following the One Big Beautiful Bill (OBBB) signed in 2025. That $200 increase from the prior $2,000 level is now locked in permanently and indexed for inflation going forward. For most families, not much has…

Deficit Reduction Plan: Solve America’s Debt Problem By Cutting Taxes, Social Security, Medicare and Federal Retirement Benefits

To tackle America’s growing national debt problem, President Obama put together a task force earlier this year to look at options on how to cut government spending, implement tax reform and improve the effectiveness of federal entitlement programs. The deficit reduction commission co-chairs (Erskine Bowles and Alan Simpson) put forward…

American Jobs and Closing Tax Loopholes Act of 2010 (HR 4213) Update – New Tax Breaks, Unemployment Insurance and Home Buyer Credit Extension

[Update July 2010] - This bill - HR4213 - was passed by Congress and is expected to signed into law by the President. The bill, also known as the American Jobs and Closing Loopholes Act of 2010 originally contained a provision to extend unemployment benefits, as well as a number…

Is Your Adult Child’s Health Coverage Really Tax-Free? Yes — Here’s How It Works

If you're covering an adult child on your employer health plan, you might assume there's some tax catch — extra income to report, a benefit that phases out, something. There isn't. This has been settled, stable federal law for well over a decade, and it's worth understanding clearly since it's…

2026-2027 Earned Income Tax Credit (EITC) Income Limits and Qualification Rules

The Earned Income Tax Credit (EITC) is the largest refundable federal tax credit for working families and individuals. For tax year 2026 — the income you'll report on the return you file in early 2027 — the maximum credit rises to $8,231 for families with three or more qualifying children.…

First-Time Homebuyer Tax Credit — Is There One in 2026?

Short answer: there is no active federal first-time homebuyer tax credit for 2026. If you're searching for this because you've heard about a "$15,000 homebuyer credit," you're likely thinking of a proposal from the Biden administration's housing agenda that was floated but never passed Congress. It's not law today, though…

Category: Government Rebates and Payments