WASHINGTON, D.C. – As tax season moves forward, millions of Americans are eagerly awaiting their Earned Income Tax Credit (EITC) refunds. The Internal Revenue Service (IRS) has provided an update on when taxpayers can expect their payments, but those claiming the EITC and Additional Child Tax Credit (ACTC) will see a slight delay due to…
WASHINGTON, D.C. – If you’re on Medicare and file taxes separately from your spouse, your premiums could be significantly higher in 2025. The Centers for Medicare & Medicaid Services (CMS) has released the new IRMAA (Income-Related Monthly Adjustment Amount) brackets, and individuals earning more will be required to pay steeper monthly costs for Medicare Part…
WASHINGTON, D.C. – For many Supplemental Security Income (SSI) applicants, back pay is a crucial financial boost after months—sometimes years—of waiting for approval. But how much can you receive? The answer depends on when you applied, your monthly benefit rate, and other key factors. What Is SSI Back Pay? SSI back pay refers to the…
WASHINGTON, D.C. – If you’re paying off student loans, you may be eligible for a significant tax break in 2025. The Student Loan Interest Deduction allows borrowers to deduct up to $2,500 in interest paid on qualified student loans, reducing taxable income and potentially increasing tax refunds. With many Americans struggling with student loan repayments,…
WASHINGTON, D.C. – Millions of working Americans rely on the Earned Income Tax Credit (EITC) to reduce their tax burden and boost their refunds. If you qualify, you could receive up to several thousand dollars back on your 2025 tax return—but only if you follow the correct steps. The IRS has outlined clear rules and…
Good news for Social Security beneficiaries! The second round of February 2025 payments is set to be distributed on Wednesday, February 19, 2025. If your birthday falls between the 11th and 20th of any month, this is when you can expect your money. Who Gets Paid When? The Social Security Administration (SSA) follows a specific…
Supplemental Security Income (SSI) is a lifeline for millions of Americans, providing financial assistance to those who are elderly, blind, or disabled with limited income. While the federal government sets a base payment, the actual amount you receive can vary widely depending on where you live. Some states provide additional benefits, while others stick to…
Good news for millions of Supplemental Security Income (SSI) recipients—their March 2025 payment will be arriving earlier than usual! Instead of receiving their checks on March 1, beneficiaries can expect their direct deposit or paper check on February 28, 2025. This change is happening because March 1 falls on a Saturday, and the Social Security…
Steve Bannon, the former chief strategist for Donald Trump, has a message for Republican lawmakers: think twice before cutting Medicaid. In a recent interview, Bannon warned that slashing Medicaid funding could be a political disaster, especially for the GOP’s core supporters. “Working-class people by and large are starting to depend more and more on Medicaid,”…
For many Americans, the idea of claiming Social Security as soon as they turn 62 is tempting. After all, you’ve worked hard, and the thought of getting extra money in your pocket sounds great. But before you make that decision, it’s important to consider the long-term impact. Here are three major reasons why I’m holding…