Finance – Page 105

Retired Teachers, Police, and Firefighters to See $360 Social Security Increase – Here’s How

Subhashree PandaJanuary 24, 202506 mins

Millions of retired public workers, including teachers, police officers, and firefighters, are celebrating a long-awaited victory. President Joe Biden recently signed the Social Security Fairness Act, a major piece of legislation that repeals two controversial rules—the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). These rules previously slashed Social Security benefits for individuals…

$1,622 Social Security Payments: Who Qualifies and When to Expect Yours

Subhashree PandaJanuary 24, 202505 mins

Millions of Americans aged 65 and older are set to receive Social Security payments averaging $1,622 in 2025. This adjustment reflects a recent 2.5% cost-of-living adjustment (COLA) aimed at helping recipients keep up with inflation. But what does this mean for you, and are you eligible? Let’s break it down. How Are Payments Calculated? The…

$4,873 Social Security Payments Start This Month: Are You Eligible?

Subhashree PandaJanuary 24, 202504 mins

Starting this January, Social Security recipients are seeing significant increases in their monthly benefits, with payments now reaching up to $4,873 for eligible retirees. This change comes as part of a 2.5% Cost-of-Living Adjustment (COLA) to help beneficiaries keep pace with inflation. Here’s what you need to know about eligibility, payment schedules, and how to…

SSDI Payments Just Approved? Here’s How to Unlock Bigger Checks!

Kaushiki GhoshJanuary 24, 202504 mins

If you’ve recently received approval for Social Security Disability Insurance (SSDI), congratulations! Getting through the process is a major relief for many people. But now that your payments are set, you may wonder: Can they go up in the future? The answer is yes! SSDI payments can increase over time for several reasons, and understanding…

Disaster Relief Alert: IRS Extends Tax Filing for L.A. Residents

Kaushiki GhoshJanuary 24, 202505 mins

The IRS has announced a significant extension for taxpayers in Los Angeles County, moving their filing and payment deadlines to October 16, 2025. This decision comes in response to the severe winter storms and flooding that disrupted the region earlier this year. The extension aims to ease the burden on individuals and businesses still recovering…

Will Your State Tax Your Social Security in 2025? Find Out Now!

Kaushiki GhoshJanuary 24, 202505 mins

In 2025, nine states will continue taxing Social Security benefits, though many offer income-based exemptions to provide relief for lower earners. While most states don’t tax these benefits, understanding the rules in states that do can help you plan. Here’s a breakdown of where your Social Security payments could face taxes and what exemptions might…

IRS to the Rescue: What to Do If You Lose Your Tax Refund Check

Kaushiki GhoshJanuary 24, 202504 mins

Losing your tax refund check can be a frustrating experience, but there’s no need to panic. The IRS has a straightforward process to help taxpayers recover missing, stolen, or damaged checks. Acting quickly and following the right steps can ensure your refund gets back into your hands. Step 1: Check the Status of Your Refund…

Finance

Social Security Payments Are Increasing in 2025—Here’s How Much You’ll Get!

Kaushiki GhoshJanuary 24, 202504 mins

Great news for millions of Americans! In 2025, Social Security benefits, including Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), and Veterans Affairs (VA) benefits, are set to increase. The rise comes thanks to a 2.5% Cost-of-Living Adjustment (COLA), providing higher monthly payments to help offset inflation and rising living expenses. Here’s a breakdown…

Trump’s 2025 Student Loan Plans Could End Forgiveness Programs—Here’s What You Need to Know

Kaushiki GhoshJanuary 24, 202504 mins

As Donald Trump begins his second term in 2025, federal student loan forgiveness programs may see significant changes. The administration has hinted at plans to reverse several Biden-era policies, potentially impacting millions of student loan borrowers. Here’s a breakdown of what might change and what it could mean for you. The Future of the SAVE…

Wells Fargo’s $1 Billion Settlement: Are You Eligible for Compensation?

Kaushiki GhoshJanuary 24, 202504 mins

Wells Fargo has reached a $1 billion settlement to resolve allegations of fraudulent banking practices that affected millions of customers. The settlement covers unauthorized account openings, surprise fees, and other banking issues that occurred between May 1, 2002, and April 20, 2017. If you believe you were affected, here’s what you need to know about…

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