Everything You Need to Know About Student Loan Forgiveness Updates, IRS Dates, & More | Ep. 152

• The application form has not been released yet. The White House preview shows a simple form requiring only basic personal information.

There is no, you don't have to upload any tax returns or anything like that. You don't need your FSA ID... All they literally asked for was your name, your date of birth, your social security number, your phone number and an email address.

• Income will be verified automatically using 2020 or 2021 tax returns. Sign up for notifications on the official government site.

• CARES Act provisions allowing FSA rollovers end December 31, 2022. Any unused funds may be lost unless your employer allows a limited $570 rollover.

Please use up your FSA money... If you have a medical expense that you need to do, definitely get that done before December 31st if you have an FSA.

• HSAs are recommended over FSAs because they allow funds to roll over indefinitely without the use-it-or-lose-it rule.

• Social Security benefits will rise 8.7% in 2023—the largest increase in 42 years—to help recipients keep pace with inflation.

This is great news for our seniors and stuff out there, or people that get social security... your checks are getting bumped 8.7%.

• Benefits are funded by current workers, underscoring the importance of high employment levels.

• The IRS will mail letters to ~9 million people who may qualify for unclaimed stimulus payments, child tax credits, or dependent care credits.

If you get a letter from the IRS, it could be good news. It might not be something bad. So make sure you're checking your mail.

• October 17: Extension filers must submit returns
• November 15: Non-filers claiming stimulus/child tax credit via simplified return
• November 15: Kentucky/Missouri disaster victims
• February 15: Hurricane Ian affected areas (Florida)