In January 2025, millions of Americans who rely on Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), and Veterans Affairs (VA) benefits will see a boost in their payments. This increase is part of the annual Cost of Living Adjustment (COLA), which helps offset rising living costs caused by inflation. How Much More Will…
The IRS is stepping in to help taxpayers who missed out on earlier stimulus payments. As part of its latest initiative, the IRS is sending out payments of up to $1,400 to eligible individuals who overlooked the Recovery Rebate Credit on their 2021 tax returns. The total amount being distributed is an impressive $2.4 billion,…
As January 2025 progresses, there’s been widespread buzz about a supposed $2,000 one-time payment for Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), and Veterans Affairs (VA) beneficiaries. Is there any truth to this? Unfortunately, the short answer is no. Despite the appealing idea, no official announcement or legislation has been made to approve…
As Social Security payments rise in 2025, many retirees are wondering if they’re getting their full share. The maximum monthly benefit has climbed to $5,108 thanks to a 2.5% Cost-of-Living Adjustment (COLA). But most recipients see far less. Why? Several factors could significantly reduce your payments. Your Earnings History Matters The Social Security Administration calculates…
If you’re a Supplemental Security Income (SSI) recipient, there are some important updates for December 2024 that you need to know. SSI payments, which are usually issued on the first of every month, will follow a modified schedule this month due to the calendar. Payment Dates for December 2024 November 29, 2024: December’s SSI payment…
Are new $2,000 stimulus payments really coming next month? The internet is buzzing with claims, but here’s the truth: as of January 22, 2025, there is no official confirmation from the federal government or the IRS about issuing new payments. While these rumors have gained traction, they appear to be unfounded. However, there is good…
In a world where personal data is more valuable than ever, keeping your Social Security number (SSN) safe is critical. A stolen SSN can lead to identity theft, financial fraud, and other nightmares. Here’s how you can shield this essential piece of personal information and avoid becoming a victim. Why Protecting Your SSN Matters Your…
The Social Security Administration (SSA) is stepping up to provide much-needed financial support to low-income beneficiaries in 2025. This assistance comes in the form of additional payments worth $227, $784, and $1,069, designed to ease the burden of rising living costs. Who Is Eligible for These Payments? Eligibility for these payments depends on a few…
If you’re receiving SSI, SSDI, or VA benefits, you can look forward to an increase in your payments starting January 2025. The Social Security Administration (SSA) has announced a 2.5% Cost-of-Living Adjustment (COLA) for the new year, helping beneficiaries keep up with rising costs. Here’s what you need to know. What Is the COLA Increase?…
With tax season just around the corner, many families are wondering how the Child Tax Credit (CTC) can impact their 2025 tax refunds. Designed to ease financial burdens for parents, this credit offers significant savings—but only if you understand the eligibility requirements and how to claim it. What Is the Child Tax Credit? The Child…