Moving and Retirement
Scam Alert: IRS Urges Taxpayers to Watch Out for Erroneous Refunds; Beware of Fake Calls to Return Money to a Collection Agency
The Internal Revenue Service warned taxpayers of a quickly growing scam involving erroneous tax refunds being deposited into their bank accounts. The IRS also offered a step-by-step explanation for how to return the funds and avoid being scammed. Following up on a Security Summit alert issued Feb. 2, the IRS issued this additional warning about the new scheme after discovering more tax practitioners’ computer files have been breached. In addition, the number of potential taxpayer victims jumped from a few hundred to several thousand in just days. more »
*FOIA Response from HUD Reveals 646% Increase in Foreclosures against Seniors in 2016; HUD Must Do Better Monitoring Servicers When They Report "Non-occupancy" As Reason For Foreclosing
In January 2017, the California Reinvestment Coalition and Jacksonville Area Legal Aid submitted a Freedom of Information Act request to the Department of Housing and Urban Development, seeking data about reverse mortgage foreclosures in HUD’s Home Equity Conversion Mortgage program, and about a new HUD program meant to keep widowed and widower non-borrowing spouses in their homes after the death of their spouse. New data indicates that there was a 646% increase in foreclosures last year against seniors with federally insured reverse mortgages as compared to the previous 7 years. more »
More Than One-Third of People with Traditional Medicare Spent at Least 20 Percent of Their Total Income on Health Care in 2013
In 2013, Medicare beneficiaries’ average out-of-pocket health care spending was 41 percent of average per capita Social Security income; the share increased with age and was higher for women than men, especially among people ages 85 and over. Medicare beneficiaries’ average out-of-pocket health care spending is projected to rise as a share of average per capita Social Security income, from 41 percent in 2013 to 50 percent in 2030. more »
Get Ready, Drivers: New Higher Tolls For 2018
With infrastructure crumbling, budgets teetering on the edge of being in the red in many states, and the growing popularity of fuel-efficient cars, which means gas taxes generate less revenue than they used to, officials are looking to tolls. Giving a boost to the efforts, President Donald Trump’s initial infrastructure proposal also called for widespread use of tolling on interstate highways, which now are limited by federal regulations to certain stretches of road. more »
