Starting January 2025, millions of Americans relying on Social Security are set to receive a financial boost. A 2.5% Cost-of-Living Adjustment (COLA) will increase monthly benefits by about $50 on average. This adjustment is intended to help beneficiaries cope with inflation and rising expenses for everyday essentials. Here’s what this means for you and how…
The Social Security Administration (SSA) has announced a 2.5% cost-of-living adjustment (COLA) for 2025. For the average retiree, this means a monthly increase of about $50. While this adjustment is meant to help beneficiaries keep up with inflation, many seniors are saying it’s simply not enough. A recent survey shows that over half of retirees…
Visa and Mastercard have agreed to a staggering $197.5 million settlement over allegations of inflating ATM fees unlawfully. This groundbreaking settlement stems from claims that the companies violated federal antitrust laws by driving up the costs for consumers to access their money. This isn’t the first time banks and card networks have faced similar charges….
In a welcome move for millions of Irish residents, the government has rolled out significant increases to social welfare payments for 2025. These updates, part of the Budget 2025 plan, aim to provide financial relief to pensioners, low-income households, caregivers, and families with children amid rising living costs. Here’s a breakdown of the key changes…
Millions of Americans could see an extra $1,400 land in their bank accounts this month as the IRS starts issuing stimulus payments to eligible taxpayers. These payments, linked to the 2021 Recovery Rebate Credit (RRC), are aimed at individuals who missed out on claiming their credit during the pandemic relief efforts. The IRS has confirmed…
The IRS has announced that nearly one million taxpayers will receive special payments by the end of January 2025. These payments, which could be as high as $1,400 per person, are being sent to individuals who missed out on claiming their Recovery Rebate Credit (RRC) on their 2021 tax returns. The RRC was created as…
The Internal Revenue Service (IRS) has officially set January 27, 2025, as the starting date for the upcoming tax season. That’s when taxpayers can begin submitting their federal tax returns for the 2024 tax year. Filing early can help ensure a faster refund, especially if you’re expecting one. The deadline to file your federal taxes…
Social Security recipients have been hearing claims about a $488 increase in their benefits for 2025. While this figure might seem exciting, it’s important to clarify the facts. Social Security benefits are increasing in 2025 due to a 2.5% Cost-of-Living Adjustment (COLA), but the actual increase depends on your monthly benefit amount. Here’s what you…
Millions of Americans receiving Social Security benefits are set to see their monthly checks rise in 2025, thanks to a 2.5% Cost-of-Living Adjustment (COLA). This annual adjustment is designed to help beneficiaries keep up with inflation and rising living expenses. Here’s everything you need to know about how this change affects you. How Much More…
Recent buzz has circulated about $5,100 two-time stimulus checks being sent to Social Security recipients in 2025. However, no such payments have been announced or approved by the Internal Revenue Service (IRS) or the Social Security Administration (SSA). Instead, beneficiaries are seeing increases in their monthly payments due to the annual 2.5% Cost-of-Living Adjustment (COLA)….