Millions of Americans receiving Social Security Disability Insurance (SSDI) and Veterans Affairs (VA) benefits are seeing changes to their payments in 2025. With a 2.5% Cost-of-Living Adjustment (COLA) applied to these programs, beneficiaries can expect increased monthly payments to better address rising living costs. Here’s a complete guide to the updated benefits, eligibility, and payment…
Recipients of Social Security, Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), and Veterans Affairs (VA) benefits are seeing significant increases in 2025, with some eligible individuals receiving payments of up to $4,873 per month. This article breaks down the eligibility criteria, benefit calculations, and important details about payment dates. Who Qualifies for the…
Millions of low-income Americans who rely on the Supplemental Nutrition Assistance Program (SNAP) are set to receive a benefits boost in January 2025. The new maximum monthly payment of $292 per eligible household member reflects adjustments designed to help families afford rising food costs and maintain access to nutritious meals. Here’s a closer look at…
As the new year begins, many Americans are asking whether they’ll receive a $675 federal stimulus check. While no federal program offers this amount specifically, other forms of financial relief are being distributed, including a $1,400 Recovery Rebate Credit payment from the IRS and state-level programs like Montana’s property tax rebate. Here’s a breakdown of…
As Social Security undergoes annual updates like the Cost-of-Living Adjustment (COLA) and policy debates continue, some core aspects of the program remain consistent. These unchanged elements ensure stability for beneficiaries, offering predictability in an evolving economic landscape. Here are four things about Social Security benefits that will stay the same in 2025. 1. Age Requirements…
Social Security spousal benefits are an important resource for many couples planning their retirement, but they don’t happen automatically. If you’re set to begin receiving $4,000 per month in Social Security benefits, you might wonder if your wife will automatically qualify for spousal benefits. The answer depends on several factors, including her age, eligibility, and…
A rumour about a “yearly bonus” for Social Security recipients, potentially worth thousands of dollars, has been making rounds. While this idea may sound appealing, the reality is more nuanced. While there isn’t a single lump-sum payment labelled as a “bonus,” several mechanisms within Social Security could result in higher payments for beneficiaries. Here’s what…
If you’re planning your retirement, understanding how state taxes and the cost of living impact your Social Security benefits is essential. In 2025, nine states continue to tax Social Security benefits, and the combined effect of taxes and living expenses could influence where you choose to retire. Here’s a closer look at these states and…
The Internal Revenue Service (IRS) has announced plans to distribute stimulus payments to approximately one million taxpayers who did not claim the 2021 Recovery Rebate Credit on their tax returns. These payments, valued at up to $1,400 per individual, are being sent automatically to eligible recipients. If you missed out on previous Economic Impact Payments,…
Millions of public sector workers, including teachers, firefighters, and police officers, are set to receive a significant boost in their Social Security benefits. This change came after President Biden signed the Social Security Fairness Act into law on January 5, 2025. The legislation repeals two controversial provisions—the Windfall Elimination Provision (WEP) and the Government Pension…