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New Jersey’s ANCHOR Property Tax Relief Application Closes Nov. 2, With Renters Eligible for $450, or $700 if They Are 65 or Older
New Jersey’s 2025 ANCHOR application closes Nov. 2, 2026. Renters get $450, or $700 at 65 or older; homeowners up to $1,500. Who must file and when money arrives.
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Workers Will Pay Social Security Tax on Up to $192,300 of Wages in 2027, Up From $184,500
The Social Security tax now applies to wages up to $192,300 in 2027, up from $184,500. Top earners pay $483.60 more, and employers match it, SSA figures show.
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A New $1,700 Federal Tax Credit for School Scholarship Donations Starts Jan. 1, With 30 States Opted In
Donors can claim a federal credit of up to $1,700 for gifts to approved K-12 scholarship groups starting Jan. 1, 2027. The IRS lists 30 participating states.
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Medicare Part D’s Out-of-Pocket Drug Cap Climbs to $2,400 in 2027, Up $300 From This Year
Medicare Part D enrollees will pay at most $2,400 for covered drugs in 2027, up from $2,100, and plan deductibles can reach $700, Medicare.gov shows.
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SSI Recipients Will See Two Payments in December, With the Dec. 31 Deposit Carrying the New $1,029 Maximum
Because Jan. 1, 2027 is a holiday, SSI’s January payment moves to Dec. 31, the first at the 2027 rate of $1,029 for an individual.
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Amazon’s $309.5 Million Returns Settlement Sets a Dec. 1 Deadline for Claim-Based Refunds
The $309.5 million Amazon return policy settlement has preliminary approval; Subclass B claims are due Dec. 1, 2026, ahead of a March 16 final hearing.
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Social Security Administration Sets 3.6% Raise for 2027, Lifting the Average Retirement Check From $2,095 to $2,170
The SSA set a 3.6% cost-of-living adjustment for 2027, the largest in five years, raising the average retirement check by $75 a month.
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IRS Begins Automatic Refunds to More Than 50,000 Families Who Claimed Adoption Credit Carryforwards
The IRS has begun automatic refunds to more than 50,000 taxpayers with adoption credit carryforwards, with most expected by the end of 2026.
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Social Security’s Earnings Limit Rises to $25,560 in 2027 for Working Beneficiaries Under Full Retirement Age
Beneficiaries under full retirement age can earn $25,560 in 2027 before Social Security withholds $1 for every $2 over. The FRA-year limit rises to $67,920.
