Millions of retirees are getting good news: the Social Security Administration (SSA) has officially announced a 2.5% increase in benefits for 2025. This means bigger monthly paychecks for over 72.5 million Americans, with the average retiree seeing about $50 extra each month starting in January. The bump is part of the government’s annual cost-of-living adjustment,…
Millions of Americans relying on the Supplemental Nutrition Assistance Program (SNAP) are receiving their monthly benefits this week, with some households seeing as much as $292 loaded onto their Electronic Benefit Transfer (EBT) cards. This boost comes at a crucial time as families continue to battle rising food costs. The funds are distributed based on…
Meta Platforms Inc., the company behind Facebook, has agreed to pay $725 million in a landmark privacy settlement. This case dates back to the infamous Cambridge Analytica scandal, where Facebook was accused of sharing user data with third parties without consent. If you were a Facebook user between 2007 and 2022, you could be entitled…
The IRS is issuing new stimulus payments of up to $1,400 per person, targeting around one million taxpayers who may have missed out on their Recovery Rebate Credit. These payments are part of a broader effort to ensure that eligible Americans receive any unclaimed funds from earlier stimulus rounds. Here’s what you need to know…
Your Social Security Statement is more than just a piece of paper or a webpage—it’s a crucial document that can determine how much you’ll receive in retirement benefits. If you’re not double-checking it regularly, you could be leaving money on the table. Let’s break down the six key areas you need to review to make…
The U.S. Department of the Treasury has taken a major step in cracking down on fraudulent federal payments. In just five months, a pilot program aimed at identifying improper Social Security payments has successfully recovered more than $31 million. The payments, which were mistakenly sent to deceased individuals, highlight a long-standing issue with federal disbursement…
As the cost of healthcare continues to be a concern for millions of Americans, understanding the income limits for Medicaid eligibility is more important than ever. For 2025, states have updated their thresholds based on the Federal Poverty Level (FPL), which determines how much income you can earn and still qualify for free or low-cost…
College students taking out loans to fund their education face the inevitable question of how much debt they’ll carry after graduation. But there’s good news for those who qualify: Direct Subsidized Loans, offered by the federal government, do not accumulate interest while you’re in school. This could save you thousands of dollars in the long…
If you’re receiving Social Security Disability Insurance (SSDI) benefits, you may be wondering if they are subject to federal taxes. The answer depends on your overall income, and the IRS has specific rules to determine when and how much of your benefits could be taxable. Here’s what you need to know. How the IRS Decides…
Big changes are coming to Medicare Part D in 2025, and they could significantly impact what you pay for prescription drugs. From higher deductibles to a new out-of-pocket cap, understanding these updates can help you save money and choose the right plan. Here’s everything you need to know. What’s the Deductible for Medicare Part D…