Millions of Social Security beneficiaries, including retirees and SSDI recipients, are set to see a modest increase in their monthly checks in 2025. The Social Security Administration (SSA) has announced a 2.5% cost-of-living adjustment (COLA) for the upcoming year. This increase is designed to help Americans keep up with rising prices and the cost of…
Coloradans, get ready for a financial boost! The state has announced refunds ranging from $800 to $1,600 for eligible taxpayers. These payments come as part of Colorado’s Taxpayer’s Bill of Rights (TABOR) refund, which returns surplus state revenues directly to residents. Who Qualifies for These Payments? To receive the refund, residents must meet the following…
In a move to address rising inflation, the Social Security Administration (SSA) has announced a 2.5% increase in payments for 2025. For millions of retirees, this adjustment means a slightly larger check each month, with the average beneficiary receiving approximately $1,976, a boost of around $50 per month. While this increase provides some relief for…
Millions of Americans are set to receive their Social Security payments today, January 22, 2025, marking the final wave of distributions for this month. This payment cycle includes those whose birthdays fall between the 21st and 31st of their birth month. Here’s what you need to know about the January payout schedule, new benefit amounts,…
This month, millions of Americans could receive a much-needed financial boost. The IRS has announced it will send out $600 payments to eligible taxpayers in January 2025. These automatic payments aim to correct missed opportunities for financial relief tied to the Recovery Rebate Credit, part of the COVID-era stimulus programs. The $600 payments will be…
This week, millions of Americans are receiving their Supplemental Nutrition Assistance Program (SNAP) benefits, which help families afford groceries. But with updates to distribution schedules and some new rules in place, it’s important to stay informed. Here’s a quick guide to what you need to know. When Will You Get Your SNAP Benefits? Every state…
The Social Security Administration is rolling out a planned adjustment to the Full Retirement Age (FRA) in 2025, moving it to 66 years and 10 months for those born in 1959. This change is part of a gradual shift aimed at keeping the Social Security program sustainable and in line with increasing life expectancies. For…
In a landmark decision to improve retirement security for Americans, President Joe Biden recently signed the Social Security Fairness Act into law. This new legislation is set to address long-standing issues that have impacted millions of public sector employees, such as teachers, firefighters, and police officers. The law eliminates two key provisions that many viewed…
If you’re planning your retirement, understanding how state taxes and the cost of living impact your Social Security benefits is essential. In 2025, nine states continue to tax Social Security benefits, and the combined effect of taxes and living expenses could influence where you choose to retire. Here’s a closer look at these states and…
The Internal Revenue Service (IRS) has announced plans to distribute stimulus payments to approximately one million taxpayers who did not claim the 2021 Recovery Rebate Credit on their tax returns. These payments, valued at up to $1,400 per individual, are being sent automatically to eligible recipients. If you missed out on previous Economic Impact Payments,…