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Maryland has an inheritance tax that does not receive much attention because of the multiple exemptions from it. For instance, it does not apply to assets left to descendants (children, grandchildren, great grandchildren) nor does it apply to other close family members (parents and siblings). Although siblings are exempt from the tax, their children are not; assets left to nieces and nephews are subject to the tax. The tax is 10% of the date of death value of the assets distributed to the non-exempt person.
No one likes the overwhelming amount of junk mail and SPAM phone calls which we all receive on a daily basis, so we've put together this list of (mostly) free services to help eliminate it. Just click on each title to get to their website:
National Do Not Call Registry Remove your phone #(s) from lists of telemarketing calls OptOutPrescreen.com Opt-Out from offers of credit or insurance DMAchoice Remove your email address from commercial US email lists LexisNexis Direct Marketing Services Opt-Out Remove your home address from marketing campaigns Valpak Unsubscribe your home address from Valpak coupon mailings Save Unsubscribe your home address from Save coupon mailings DMAchoice Unsubscribe your home address from promotional mail from multiple companies or organizations (this is the only company which charges a fee, albeit a nominal one of $4 for a 10 year registration) The Social Security Administration (SSA) website hosts a wealth of online tools that offer you convenient access to benefits information. To make the most of these tools, simply create a my Social Security account online. It is free to set up a mySSA account.
More than 65 million people are currently collecting Social Security benefits. Whether or not you are already receiving these benefits, there are numerous services you may be able to take advantage of through the SSA website. These include the following:
How Much Can I Expect to Get in Social Security Benefits? It depends, and the amount also typically adjusts a bit each year. The maximum amount you can receive per month once you are at full retirement age is $3,627, as of 2023. Note that, on average, retired workers are receiving considerably less that that – $1,827 per month in 2023. The SSA announces its annual cost-of-living adjustment (COLA) each fall for the upcoming year. In large part due to inflation, the COLA for 2023 saw its biggest increase in Social Security benefits in more than four decades – almost 9 percent. How much you will receive depends on factors such as:
To learn more or to create an account, visit the mySSA account homepage. From Elder Law Answers |
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4/15/2024