A bill designed to eliminate state taxes on Social Security benefits by 2025 is making headway in the Nebraska Legislature.
Sen. Brett Lindstrom, R-Omaha, introduced LB 825 and pointed out that states such as Florida and Texas are a lot warmer in the winter, and do not tax Social Security benefits. He said he sees the measure as an important step to keep retirees in Nebraska.
"Not only are they engaged in community service, philanthropy, they want to stick around with their kids and grandkids," said Lindstrom. "And I don't want it to be where the state is burdensome from a taxation standpoint to force them out to other states that don't have that."
Nebraska is one of only 12 states that currently taxes Social Security benefits. Last year after some lawmakers voiced concerns about lost revenues, they approved cutting taxes on benefits by just half by 2025.
The new law would eliminate the tax altogether in the same timeframe. LB 825 cleared its first reading with a 42 to nothing vote, and will need to clear the Appropriations Committee before it can get a final reading.
Lindstrom said the state can afford to put money back into the pockets of Social Security beneficiaries, because government spending has been held near the average rate of inflation. He added that economic forecasts are strong based on revenues over the last 12 to 18 months.
"And we have $400 million plus in revenues above that forecasting," said Lindstrom. "And because we have been prudent with how we spend, it allows us to take the steps to eliminate the tax on Social Security income."
Nebraskans age 50 and older made up just 34% of Nebraska's population in 2018 but supported 566,000 jobs across the state and generated $33 billion in wages and salaries, according to analysis by AARP.
Older Nebraskans also contributed more than $2 billion in unpaid caregiving for family members.
Support for this reporting was provided by the Carnegie Corporation of New York.
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The city of La Crosse is hoping a new online design library of Accessory Dwelling Units will help inspire residents to build one.
The units have been touted as a possible solution to housing shortages. After the city was awarded nearly $20,000 last year through AARP Wisconsin's Community Challenge, it asked residents to submit designs to show the community what is possible in their own backyards.
Lewis Coleman, environmental and sustainability planner for the city of La Crosse, said the secondary housing units can be attached to, or separate from, the main house.
"The top three ADU designs that we picked were based on affordability, accessibility, and sustainability," Coleman outlined. "We wanted to make sure that these were residences that were in reach from a cost perspective."
The three finalists were selected from 26 submissions and were each awarded $3,000. Coleman pointed out what is left of the grant money will potentially be used to make the winning concepts into ready-to-build plans.
The city faces a potential landlock because of the Mississippi River, steep slopes and adjacent jurisdictions. In addition to seeing Accessory Dwelling Units as a way to increase homes, Coleman noted they can offer financial support for homeowners who rent them out. They can also provide multigenerational housing for parents of children with disabilities or children who want to live near their aging parents.
Coleman acknowledged there are some downfalls, especially in light of rising construction costs.
"In some cases, it could cost as much as a house, as a full size house," Coleman emphasized. "That's still a challenge. And one of the things we're looking at is working with our local lenders to put together financial packages that could make it easier for homeowners to add this to their backyard."
Other past AARP grant-supported projects in Wisconsin include dementia-friendly parks, medicinal plant gardens, senior and veteran home programs and rural community enhancements. The nationwide initiative serves to support improvements that meet long-standing and emerging challenges in communities.
Wisconsin residents can submit an application for this year's AARP Community Challenge until March 5.
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Valentine's Day is this Friday and AARP Arizona wants to caution Arizonans to be careful with who they are talking to online.
The National Retail Federation estimated more than 50% of consumers will spend more than $27 billion on the holiday.
Dawn Alexander, communications analyst for AARP Arizona, does not want people to fall victim to "romance scams." She explained the scams start online through social media or dating apps. Scammers often target people who have gone through some sort of hardship and are in search of companionship.
"The problem is that once you engage with them, then it is going to move really, really fast," Alexander pointed out. "The red flags are you never want to give money to people, they're going to tell you that they're in the states and that they need help, they're going to tell you how much they want to be with you and how much they love you. They won't stop until you're able to give them money."
Alexander acknowledged many times, people feel embarrassed and shameful once they realize they have fallen victim to a romance scam. But she added it is important to report incidents to local authorities, because if it goes unreported, law enforcement officers and policymakers will not know it is a problem. She advised if you're in doubt about a situation give the free AARP Fraud Watch Network a call at 877-908-3360.
Alexander considers technology a blessing and a curse. She noted while the internet, social media and now artificial intelligence have all facilitated connecting with others, there are bad actors out there taking advantage of it.
"These scammers are reaching out to people and using it to a disadvantage on people and really taking advantage of their weaknesses," Alexander emphasized.
It is also tax season, and people have started to receive fraudulent text messages claiming they are eligible for a $1,400 stimulus check. Alexander said the text messages normally include a link that looks like the IRS website but clicking on it could put your personal and financial information at risk.
"You know your instinct is curiosity," Alexander observed. "Curiosity killed the cat, you want to know what that said, but if you don't know who that is, don't open those. Because if you click on that link you're going to become very susceptible to a scam."
Disclosure: AARP Arizona contributes to our fund for reporting on Budget Policy and Priorities, Consumer Issues, Health Issues, and Senior Issues. If you would like to help support news in the public interest,
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Advocates for family caregivers are expecting federal lawmakers to propose a tax credit for the group, after President Donald Trump said on the campaign trail that he'd support one.
Wyoming caregivers can learn more at a webinar on Wednesday.
Wyoming's 58,000 caregivers in 2023 provided 54 million hours of unpaid family care, according to AARP Wyoming.
State Director Sam Shumway said the group has been working to get a form of financial help to caregivers for years.
"As they're struggling to hold down a job, take care of families and be a caregiver," said Shumway, "there may be some financial reprieve for them in the form of this Credit for Caring Act."
The 2024 Credit for Caring Act, which died in committee, would have given caregivers tax credits of up to $5,000 for 30 percent of the cost of long-term care expenses exceeding $2,000.
Shumway said he expects that a 2025 version will be introduced soon.
Details and registration for the February 12 webinar are available on the AARP Wyoming Facebook page.
According to AARP, caregivers on average spend more than $7,200 per year on expenses related to that care.
Shumway said he was "encouraged" by Trump's show of support and is optimistic that Wyoming's all-Republican delegation will follow suit.
"We feel like that right now we have a window of opportunity to work with our congressional delegation, particularly here in Wyoming," said Shumway, "to help them understand the importance of this for Wyomingites."
Unpaid Wyoming caregivers provided about $910 million in economic value in 2023, according to AARP Wyoming.
Disclosure: AARP Wyoming contributes to our fund for reporting on Civic Engagement, Consumer Issues, Health Issues, Senior Issues. If you would like to help support news in the public interest,
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