Big changes to Social Security taxes may be on the horizon in 2025, with the Trump administration proposing measures to reduce the financial burden on retirees. These reforms, if enacted, could eliminate federal taxes on Social Security benefits while making adjustments to the payroll tax system. Eliminating Federal Taxes on Social Security Benefits Under current … Read more
The Child Tax Credit (CTC) remains a vital source of financial relief for families across the United States. In 2025, the credit offers up to $2,000 per qualifying child under the age of 17, helping parents offset the costs of raising children. Here’s everything you need to know about eligibility, income thresholds, and how to … Read more
Citibank has agreed to a $29.5 million class action settlement to resolve allegations that it violated the Telephone Consumer Protection Act (TCPA) by making unsolicited robocalls to non-customers. The settlement offers payments ranging from $350 to $850 for eligible individuals who received these unwanted calls. Here’s what you need to know about eligibility, the claims … Read more
Veterans receiving disability benefits from the Department of Veterans Affairs (VA) are set to see a 2.5% Cost-of-Living Adjustment (COLA) in 2025. This increase, effective December 1, 2024, ensures benefits keep pace with inflation, offering crucial financial support to millions of veterans across the country. How Much Will You Receive? The COLA increase will add … Read more
As wildfires ravage Los Angeles and surrounding areas, the California Department of Social Services (CDSS) has announced critical updates to the CalFresh program. These changes aim to provide immediate assistance to residents affected by the fires, offering expanded food options and replacement benefits to those in need. Hot Food Purchases Now Allowed One significant change … Read more
If you’re planning to work while collecting Social Security benefits in 2025, you’ll want to know the income limits set by the Social Security Administration (SSA). Earning more than the allowed amount could temporarily reduce your benefits, but careful planning can help you maximize both your income and your monthly checks. 2025 Income Limits Explained … Read more
The latest round of $1,400 stimulus payments is being distributed automatically to eligible Americans, offering financial relief without requiring an application. Understanding how these payments work, who qualifies, and what steps to take if yours doesn’t arrive is crucial. Here’s a clear breakdown of the process. What Are Automatic Stimulus Payments? Automatic payments mean that … Read more
President Joe Biden’s administration has delivered another wave of student loan forgiveness, erasing $4.5 billion in debt for 261,000 borrowers. This initiative marks the latest step in addressing the student loan crisis, providing significant relief to those who qualify under specific programs. Here’s everything you need to know about the eligibility criteria and how to … Read more
Chronic Fatigue Syndrome (CFS) can be a debilitating condition that affects both physical and mental well-being. Recognizing its impact on veterans, the U.S. Department of Veterans Affairs (VA) provides disability compensation based on how severely CFS disrupts a veteran’s daily life and ability to work. With ratings ranging from 10% to 100%, the amount you … Read more
Social Security recipients are poised for a modest boost in their monthly checks in 2025, thanks to a 2.5% cost-of-living adjustment (COLA). This annual adjustment is designed to help beneficiaries keep pace with inflation. Alongside the increase, recent legislative changes promise even more relief for specific groups of retirees. How Much More Will You Get? … Read more