For many retirees, finding love again later in life is a beautiful thing. But before saying “I do” for the second (or third) time, it’s crucial to understand how remarriage can impact your Social Security benefits. Depending on the type of benefits you receive, getting remarried could either have no effect at all—or result in…
Starting today, the IRS will no longer accept paper tax returns, marking a major shift in how Americans file their taxes. The move is aimed at making the process faster, more efficient, and more secure. For years, the IRS has been pushing taxpayers toward electronic filing, and now it’s official – paper tax returns are…
The Trump administration has taken a major step in rolling back transgender rights by cutting federal support for gender reassignment treatments. The new policy, signed into effect through an executive order, specifically impacts transgender minors and those seeking federally funded healthcare. The order prevents federal programs such as Medicaid and TRICARE (which serves military families)…
If you’re receiving Social Security Disability Insurance (SSDI), this month’s payment comes with a little boost thanks to the latest Cost-of-Living Adjustment (COLA). Expect to see amounts like $421 or $495 hitting bank accounts, but the exact amount depends on your benefit calculation. Let’s break down when you can expect the money and why it’s…
The IRS is surprising more than a million Americans with unexpected stimulus payments of up to $1,400. These checks are being sent to individuals who missed out on their full payment during the pandemic, specifically through the 2021 Recovery Rebate Credit. If you didn’t claim this credit, this could be your lucky break. Why Are…
In a major win for millions of student loan borrowers, the Biden administration has fast-tracked a debt forgiveness program that could wipe out up to $12,000 in federal student loan debt starting in February 2024. Originally planned for July, this accelerated rollout aims to ease the financial burden on lower-income borrowers, recent graduates, and community…
Millions of Americans relying on the Supplemental Nutrition Assistance Program (SNAP) will see a boost in benefits in 2025. The U.S. Department of Agriculture (USDA) has adjusted the monthly SNAP allotments to reflect changes in the cost of living, providing much-needed relief to low-income households. The updates, effective from October 1, 2024, through September 30,…
Colorado taxpayers are in for a financial treat this year as the state is set to distribute significant refunds thanks to a $3.6 billion revenue surplus. The extra cash comes from Colorado’s Taxpayer’s Bill of Rights (TABOR), which requires the government to return excess tax revenue to residents. Here’s everything you need to know about…
In a move that could bring some holiday cheer to many Americans, the Internal Revenue Service (IRS) has announced it will send surprise payments of up to $1,400 to about one million people. These payments are for those who missed claiming the Recovery Rebate Credit (RRC) on their 2021 tax returns and are expected to…
For millions of Supplemental Security Income (SSI) recipients, 2025 will bring some important changes to the payment schedule, including double payments in certain months. These shifts in the payment calendar aren’t a bonus or an increase in benefits, but they’re still something beneficiaries need to be aware of to manage their finances effectively. Why Will…