Social Security is an essential source of income for millions of retired workers in the United States, and 2025 is bringing some updates that retirees should know about. The big news? Social Security beneficiaries are receiving a 2.5% Cost-of-Living Adjustment (COLA) starting this year. This increase is designed to help retirees keep up with inflation….
Starting January 8, 2025, some Social Security Disability Insurance (SSDI) recipients will see their payments rise significantly, with the maximum monthly benefit increasing to $4,018. This is thanks to the latest Cost-of-Living Adjustment (COLA), a 2.5% increase designed to help beneficiaries keep up with inflation. The COLA adjustments are made annually by the Social Security…
If you’ve ever used an ATM and paid an annoying surcharge, you may be entitled to compensation as part of a massive $197.5 million class action settlement. Visa and Mastercard have agreed to pay up after being accused of inflating ATM fees for over a decade. Here’s everything you need to know about this settlement,…
CalFresh recipients across California are gearing up for February, a critical month for many who rely on these benefits to keep food on the table. If you’re wondering when your benefits will be loaded onto your EBT card, here’s the complete breakdown to help you stay prepared. When Will You Get Paid? CalFresh benefits are…
As February rolls in, millions of Americans are set to receive crucial financial assistance through federal and state programs. From IRS rebates to Social Security payments, here’s a breakdown of what’s coming and how you can make sure you don’t miss out. IRS Sending Up to $1,400 in Recovery Rebate Payments The IRS is issuing…
Families across the U.S. are getting some exciting financial news, a $1,500 Child Stimulus payment is on its way to provide much-needed relief. This initiative is part of the government’s efforts to help families manage rising expenses, including childcare, education, and household costs. Here’s a breakdown of everything you need to know about the program,…
The Social Security Administration (SSA) has introduced three important updates for 2025, directly affecting millions of Americans who rely on benefits. Here’s a breakdown of what’s changing and how it could impact your financial plans. Cost-of-Living Adjustment (COLA) Update In 2025, Social Security beneficiaries will see a 2.5% increase in their payments due to the…
Recent buzz about a $7,500 stimulus check has left many Americans wondering if they’ll be getting extra cash in 2025. While rumors have been flying, the IRS recently announced an automatic payment plan for certain taxpayers, but it may not be the windfall you’re expecting. Let’s break it down. What’s Actually Happening with IRS Payments…
Millions of Americans who rely on Social Security, SSI, SSDI, and VA benefits could see significant changes in their monthly checks if Congress passes the Social Security 2100 Act. This proposed legislation, first introduced by Rep. John Larson, aims to modernize the Social Security system, enhance benefits, and ensure its long-term solvency. Here’s what the…
Great news for millions of Americans: starting January 2025, Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), and Veterans Affairs (VA) benefits are getting a much-needed boost. Thanks to a 2.5% Cost-of-Living Adjustment (COLA), monthly payments are rising to help recipients better manage rising living costs. Let’s break down what this means for you…