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Kiplinger Personal Finance: When Retirees Need to Amend a Tax Return | Economic news

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In many cases, repairing an old tax return requires filing an amended return.

Dream time / TNS

You filed your tax return months ago, but then sometimes you glance at a copy and notice an error. What should you do

“There is no reason to panic,” said Ebony J. Howard, chartered accountant and financial examiner for, “as the IRS allows corrections to previously submitted tax returns.”

In many cases, repairing an old tax return requires filing an amended return. This is fairly easy to do, although there are time limits and special forms – usually Form 1040-X – that you will need to use.

Some errors do not need an amended declaration. Instead, the IRS could correct your return automatically or ask you to do something else, a request that will come in writing.

If you missed a deduction or tax credit to which you were entitled, you must file an amended return to correct the omission.

For example, suppose you itemized the deductions on your original return but did not claim the medical expense deduction because you thought you did not meet the threshold of 7.5% of adjusted gross income. Later, you realize that you do this through your health insurance premiums, which are considered medical expenses.

“In that case,” Howard says, “it would be wise to complete a Form 1040-X, which would increase the total itemized deduction amount,” resulting in a refund.

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National Insurance Number Warning As Fraudulent Calls Continue | Personal Finances | Finance

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This type of scam is becoming more and more popular and many victims have taken to social media to report these texts and reported them as a way to warn other people. One victim said: “I got a call on my mobile saying if I press one my NI number will be deleted. “

Another said, “I get three or four calls a day saying my NI number is in danger. What is that? What is happening?”

Mr. Wilding replied, “There’s a lot going around right now, it’s something I’m really glad you brought up.

“It’s a fraud. They say your NI number has been compromised, but it’s not.

“They just ask you to follow a link, give all of your personal information to someone who literally just writes down your bank details, who you are, your address and get whatever they want.

READ MORE: Benefits Warning: Major Changes to Disability Benefits – How You’ll Be Affected

Mr. Wilding concluded: “This is really a good one to watch out for.

“Don’t fall for it, then just send the message to 7726.”

HMRC continues to warn the UK public to become more aware of these scams and how they can appear.

According to the tax administration, there has been a dramatic increase in fraud reports with over one million reports of fraudulent communications in the past year.

They set out to try and educate the public on the safety of these fraudulent text messages and phone calls.

With the growing increase in phone phishing scams, they have provided examples of what people should watch out for if they ever receive such a call.

The government body said: “HMRC is aware of an automated phone call scam that will tell you that HMRC is taking legal action against you and tricking you into talking to a case worker to make a payment. .

“We can confirm this is a scam and you must end the call immediately. This scam has been widely reported and often targets the elderly and vulnerable.

“Other scam calls may refer to National Insurance Number fraud or offer a tax refund and ask you to provide your bank or credit card information.

“If you cannot verify the identity of the caller, we recommend that you do not speak to them.”

HMRC also pushes people to call Action Fraud if they have been victimized or lost money due to a National Insurance phone scam.

In order to help Action Fraud and the HMRC’s investigation of any potential scams, Brits should be prepared to share specific details of the appeal on a report form.

These details include: the date of the call, the date of the call, the phone number used and the content of the call.

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Experian Becomes Bilingual with Cutting-edge Credit and Personal Finance Twitter Chat | Business

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COSTA MESA, Calif .– (BUSINESS WIRE) – September 1, 2021–

In an effort to educate more consumers about credit and personal finance, Experian® today announced new free resources created specifically for bilingual and Spanish speakers, including a series of online discussions on Twitter and others. educational content. The new monthly series, # ChatDeCrédito, will explore important financial topics for Hispanic-Latino consumers and provide them with a fun and interactive platform to develop their understanding of important credit and personal finance topics.

This press release features multimedia. View the full release here:

#ChatDeCrédito will begin at the start of Hispanic Heritage Month at 3 p.m. EST on September 15. Bilinguals and Spanish speakers are welcome to join the chat to tweet in English, Spanish or a combination, and learn how credit can be used as a financial tool, which can impact credit scores, tips for building credit, and more. Consumers can sign up and ask questions by searching @Experian or # ChatDeCrédito on Twitter. (Graphic: Business Wire)

#ChatDeCrédito will begin at the start of Hispanic Heritage Month at 3 p.m. EST on September 15. Bilinguals and Spanish speakers are welcome to join the chat to tweet in English, Spanish or a combination, and learn how credit can be used as a financial tool, which can impact credit scores, tips for building credit, and more. Consumers can sign up and ask questions by searching @Experian or # ChatDeCrédito on Twitter.

“We believe that providing the more than 40 million Hispanic American consumers with language information on credit and personal finance is essential to improving the financial health of the Hispanic-Latino community as a whole,” said Wil Lewis, Head of diversity, equity and inclusion. officer at Experian. “We are excited about these new resources for Spanish speakers and this is just the start. We are committed to being an ongoing resource that diverse communities can trust to provide useful information and resources to improve our financial lives. “

The new # ChatDeCrédito series follows the model of Experian’s award-winning #CreditChat program that began in 2012 to help consumers learn about credit. Since its inception, the program has developed a dedicated online follow-up with hundreds of consumers joining weekly. The program has helped thousands of consumers learn about important topics, and over 300 personal finance experts have joined in to share their knowledge.

Upcoming #ChatDeCrédito topics include:

Find credit content in Spanish

Additional language resources include The Ultimate Guide to Credit – an online e-book in Spanish that includes information on how to create and manage credit responsibly. The e-book also includes information about free online financial tools that Experian offers, such as Experian Boost ™, which allows consumers to get credit to pay for their cell phones, utilities, streaming service, and music. other invoices on time (service provided in English). Many consumers see their credit scores improve instantly after using Experian Boost. I

About Experian

Experian is the world leader in global information services. During life’s greatest moments – from buying a house or a car to sending a kid off to college to growing a business by connecting with new customers – we make it possible for consumers and our customers to manage their data with confidence. We help individuals take financial control and access financial services, businesses make smarter decisions and prosper, lenders lend more responsibly, and organizations prevent fraud and identity crime.

We employ 17,800 people in 44 countries and invest every day in new technology, talent and innovation to help all of our clients maximize every opportunity. We are listed on the London Stock Exchange (EXPN) and are part of the FTSE 100 index.

Learn more at or visit our global content hub on our global news blog for the latest news and information from the Group.

Experian and the Experian trademarks used herein are trademarks or registered trademarks of Experian and its affiliates. Other product and company names mentioned in this document are the property of their respective owners.

IResults may vary. Some may not see improvement in scores or chances of approval. Not all lenders use Experian credit files, and not all lenders use Experian Boost impacted scores.

See the source version on

CONTACT: Amanda Garofalo

Experian Public Relations

1 714 460 3739

[email protected]



SOURCE: Experiential

Copyright Business Wire 2021.

PUB: 09/01/2021 06:02 / DISC: 09/01/2021 06:02

Copyright Business Wire 2021.

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Kildare Nationalist – Personal Finance: Tips for a Big Budget-conscious Day

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Your wedding will (hopefully) be a once in a lifetime event, a day when you and your partner are officially bound in a holy marriage, surrounded by family and friends as you publicly express your love for one another. ‘other. All very romantic – and usually quite expensive by the time you add up the costs for clothing, accommodation, food and drink for the guests, music, wedding decor and a lot more.

A wedding is often the second most expensive expense in a lifetime after a home – the average budget for a wedding (including the honeymoon) is around $ 29,000 – but there are ways to cut and cut and to make the financial burden a little easier to bear. Here are some ideas to get you started on a budget-conscious big day!

Make a budget

It can be as simple as a basic Excel spreadsheet or a pen and notebook – but one of your first tasks when planning a wedding should be budgeting (and sticking to it). as much as possible) – otherwise the costs may very well skyrocket out of control. Be sure to include a contingency for what can and will go wrong – Irish wedding site One Fab Day suggests a figure of 12.5%.

If you’re trying to figure out the different costs, consult with family or friends to see what they paid for their weddings, or look for answers through online forums. One Fab Day has some great tips for creating a wedding budget – check it out at And WeddingsOnline offers a downloadable wedding budget calculator (in Excel format) to help you track costs – see

Avoid debt

Starting a new life with a whole heap of debt to contend with isn’t the most ideal scenario, especially if you plan to buy a property in the not-so-distant future. Once you have a budget for your wedding, you can figure out how you are going to save as much money as possible to carry it out. Give yourself a little time and you might be surprised at how much you could accumulate – saving € 800 per month over two years would net for example € 19,200, a very large amount that could cover everything you need.

The Competition and Consumer Protection Commission (CCPC) has a handy online spending calculator ( that will help you determine what you are spend each month and identify areas where you could reduce and thereby increase your savings capacity. Commit to reducing impulse shopping online or regular dining out, or see if you can save costs like insurance or utilities by switching providers.

If you need to take out a loan to cover costs, make sure you get the best rates and can afford the repayments. Again, CCPC can help – check out for a personal loan comparison tool that lets you enter the amount you want to borrow and the duration of your credit, then find out the monthly payments and the total cost of credit on the available credits.

Be flexible

If you take a flexible approach to the wedding planning process, it could very well benefit your bottom line. For example, when choosing a location, there may be a substantial price difference between off-peak and peak dates, so chat with multiple locations and check their pricing agreements before focusing on a particular month and day. .

If you end up with a peak date, savings could be made by opting for a midweek day rather than the weekend. Don’t be afraid to negotiate the price or look to add value to your package by having something more included for free. A word of advice: pay for the best meal you can afford, as it’s a big part of the day and one of the things guests will likely remember with the group!

Cut the fat and tinker where you can

Once you’ve finalized your wedding essentials list, take the time to figure out where you can save money by doing it yourself. Something that immediately comes to mind are the invitations, which can eat up a good chunk of your budget. If you’re pretty creative (or can enlist the help of someone who is) and have access to a computer and some simple software, you can (speaking from personal experience) make your own wedding stationery that looks like to the company. A wide variety of models are available online or you can just use your own imagination. For a more professional effect, you can match your own design with quality card stock or pre-made borders.

Ditch the RSVP cards and stamps for a phone number and email address and, if the invitations don’t mean much to you or your future spouse, you can always email them and spend the money. elsewhere.

Speaking of the invite list, the question of how many people to invite will need to be addressed (and hopefully not dictated by public health boards for much longer). Some couples may feel obligated to invite out of courtesy the first cousins ​​you’ve met twice in your life, or the downstairs neighbor you’ve barely said a word to in ten years. At the end of the day, it’s your special day and your money, so it should be your choice and yours alone.

When it comes to the wedding car, you don’t need to fork out for a premium Rolls-Royce or luxury limousine – any car can be a worthy wedding vehicle with a wash, polish and the addition of a ribbon (you can pick up a roll of white wedding car ribbon for $ 6.49 at

And for your wedding cake, you can opt for one or two real layers for your guests to enjoy and use decorated styrofoam for the rest.

Photography – you get what you pay for

It’s tempting to track down that family member or friend who is ‘good with a camera’ on your big day, but duplicating them as a guest and photographer (unless they are invited to. taking pictures, which could open another box of worms) could lead to disappointment when it comes to your record of the occasion. One of the biggest expenses of my own wedding was the photographer, but it was well worth it – the experienced husband and wife team came to our separate homes in the morning and were with us until the start of evening, capturing the big and small moments for what has turned out to be a fantastic wedding album that we will cherish for the rest of our lives.

If you’re not sure what to look for when choosing a photographer, One Fab Day has some helpful tips – see And don’t forget to ask your friends and family in the days and weeks following the celebrations to share any snaps they might have taken during the day.

It is very easy to get carried away by the thrill of planning a wedding and spending wastefully on things that you will remember for years to come and wonder why you bothered about it. However, with a little careful planning throughout the process, you can ensure that you have a wonderful and memorable day surrounded by family and friends that costs the earth nothing.

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Ten Most Popular Investment Searches in the UK | Personal Finances | Finance

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The COVID-19 pandemic has led to an increase in the number of UK investors. And despite the lifting of most UK restrictions, it looks like this trend is set to continue.

In a related vein, Netflix is ​​also ranked eighth, with 650 monthly searches.

With people locked in their homes, the need for entertainment on tap has never been greater, which may have led to increased interest in Netflix as an investment.

The COVID-19 pandemic certainly appears to have had an impact on investment behavior, as Pfizer ranks ninth on the investment research list.

With 580 searches each month, Pfizer’s part in the vaccine rollout may well have sparked an investment opportunity in the minds of investors.

Environmental factors may also play a role in investment decisions, which could explain Brewdog’s high ranking, after the company announced it was now carbon negative.

Disney and Tesco round out the top ten, respectively in seventh and tenth places with 710 and 480 monthly searches.

Annie Charalambous, communications manager at ETX Capital, commented on the results.

She said: “It is interesting to see which companies the UK is most interested in investing in.

“As Google searches are ultimately dominated by those looking to cash in on the continued success of tech giants like Tesla, Amazon and Apple, the pandemic has clearly opened people’s eyes to the potential of pharmaceutical investment. “

She added: “But there are also disruptive brands like Brewdog which aspiring investors believe will continue their current success in the market.”

Here is the full list of the top ten UK investment searches:

1. Tesla – 6,820

2. Amazon – 6,750

3. Apple – 3 160

4. Rolls Royce – 1210

5. Deliveroo – 880

6. Brewdog – 880

7. Disney-710

8. Netflix – 650

9. Pfizer – 580

10. Tesco-480

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Rural areas offering the best opportunities for nurses | Smart change: personal finance

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Enrollment in four-year nursing programs increased nearly 6% in 2020, to 250,856, according to a study by the American Association of Colleges of Nursing. By 2022, there will be more registered nursing (RN) jobs than any other profession in the United States, according to the American Nurses Association. These are positive signs, but today’s nursing shortages that were announced in 2012 are more urgent today than at any time in American history and show no signs of abating.

The demand for registered nurses is expected to increase by 12% from 2018 to 2028, according to data from the United States Bureau of Labor Statistics (BLS). This percentage is almost double that of the expected growth in all occupations, which the BLS predicts to be 7%. The nursing shortage is felt most severely in rural parts of the United States, where access to health care is more limited overall for patients and where average salaries may be lower for nursing professionals. health.

NursingEducation analyzed data from the United States Bureau of Labor Statistics to rank non-metropolitan areas based on employment opportunities for registered nurses. The regions are classified according to the location quotient and the number of jobs available compared to the national average. A score greater than 1 indicates that the region has a higher concentration of RNs than the national average. The employment per 1,000 jobs was used as the cut-off criterion. This analysis does not focus on nurse practitioners, nurse midwives and other specialized nursing professions, although there is a significant demand for specialists today.

The Department of Health and Human Services (HHS) announced in August that it would distribute $ 8.5 billion in US bailout funding this summer to help compensate healthcare providers serving patients on the plan Medicare, Medicaid and Children’s health insurance in rural communities for lost income and increased expenses related to the coronavirus. In addition, the HHS is allocating $ 52 million from the US bailout to train rural health care providers, including nurses.

Read on to find out which rural areas have the greatest opportunities for AI.

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Increase the value of investment properties with sustainable characteristics | Personal Finances | Finance

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Real estate experts predict that homes with modern green certifications like electric vehicle chargers and solar panels will cost more than those without one in 10 years. They will be worth an average of 9% more when sold, according to a study by Hive of real estate agents.

With new legislation coming into effect in 2030, banning the sale of new gasoline and diesel cars, new buyers are increasingly looking to prepare their homes for the future.

As the country prepares to go electric, real estate agents have already started to see an increase in the number of homes suitable for electric vehicles.

Four in five (82%) said an increase in the number of customers looking for homes with an EV charging station already installed.

By adding lasting characteristics to a property, investors can increase the value of their portfolios in the future.

READ MORE: State Pension: DWP announces changes that will affect thousands of people from next year

This could be in the form of solar panels or heat pumps.

With net zero targets set for 2050, properties may need to be eco-protected to accommodate this new program, to avoid the risk of being left out of the sustainable real estate boom.

Tim Bannister, Data Director at Rightmove, said:

“One of the clear driving forces behind the continued rise in house prices in 2021 has been a new focus from buyers on what their homes need to provide, from gardens to additional space to work from home.

“As we look ahead, it’s very likely that a home’s sustainability benchmarks will join the list of new priorities that buyers are considering.

“If there are affordable options for homeowners to make their homes greener, then they could become a more common and practical addition to many homes.

“They have the potential to command a premium and provide additional selling point for homes in the future.”

Americo Lenza, portfolio manager for services and solutions at British Gas, also commented on the push towards sustainable housing.

She said: “With the ban on new gasoline and diesel vehicles on the horizon, many people are considering how to go electric.

“However, it is understandable that there are naturally concerns about access to charging points.

“It is the responsibility of businesses and governments to help ease this transition, which is exactly why we have launched Hive EV Charging, which is helping to further power the UK’s electric charging network.

“It’s likely that smart charging as part of a larger home energy ecosystem will increasingly become the norm as people seek to make their homes more sustainable. “

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Britons warn of over-sending paypal scams | Personal Finances | Finance

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Fraudsters are still trying to get their hands on Brits hard earned money through various scams, so social media users often share their experiences to warn others. @Noahxboa exposed how crooks use Paypal to target innocent people.

Noah explained, “Once I return this money, the crooks will file a complaint with PayPal saying their account has been compromised.

“They will say they never intended to send money in the first place.”

Paypal will then ask the seller to return any money received by the recipient, leaving the seller out of pocket and in front of more money than expected.

Even though the seller has not yet shipped the purchased item, they still lost the “overpayment” amount they returned.


Paypal has a section on its website warning people about potential scam attempts.

It highlights a number of common scam tactics that people need to watch out for.

This includes the claim that a person has been paid too much.

PayPal said, “Scammers may try to convince you that you have been paid more than you are owed.

Many cases of fraud occur because sellers don’t know the warning signs to watch out for.

If a person knows what to look for, hopefully they can exercise caution.

It will help people protect themselves from crooks, thieves and hackers.

People can sign up for PayPal’s seller protection program, and PayPal will monitor transactions for any signs of fraud.

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College majors with the biggest gender disparities | Personal finance

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Gender disparities persist in college majors and then spill over into careers, whether in computer science and electrical engineering, or nursing and teaching. Some progress has been made in encouraging more women to enter male-dominated fields and close the pay gap. Computer programming is an example where the pay gap has narrowed since 2016. But in other cases, inequalities persist: 50% of women quit tech jobs by the age of 35.

Conversely, women continue to dominate in careers such as nursing or teaching, but often men in these fields earn more than women. Women in government positions in public health earn $ 3,000 less than men in the same positions, or men in special education jobs earn $ 2,400 for women.

StudySoup compiled data from the National Center for Education Statistics to identify the 15 college majors with the greatest gender disparities. Data is submitted by all U.S. colleges participating in the Federal Title IV Financial Aid Program, 2017-2018 being the most recent year available. StudySoup removed majors under 5,000 students, leaving just over 1,000 disciplines in the dataset.

StudySoup recognizes data collected on gender through a binary lens, which does not accurately represent all gender identities. A recent study estimates that approximately 1.2 million adults in the United States identify as non-binary, an unexplored population in the dataset collected.

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