The latest 25% tariff on steel and aluminum imports, announced by President Donald Trump, is officially here—and it’s set to cause some serious sticker shock. The tariff, which went into effect on March 4, 2025, is part of an effort to boost American manufacturing. However, it’s also likely to raise prices on a range of…
Millions of Americans receiving Social Security, SSI, SSDI, and Veterans Affairs (VA) benefits can now check their February payment dates, ensuring they get their money on time. The Social Security Administration (SSA) has confirmed the full payment schedule for the month, which includes early payments for some beneficiaries due to weekends and holidays. Here’s a…
Social Security recipients are set to receive higher payments in February 2025, thanks to the 2.5% Cost-of-Living Adjustment (COLA) applied to benefits this year. The adjustment aims to help seniors and other beneficiaries cope with rising living costs by increasing monthly payments across the board. For some retirees, this boost could mean $3,455 or even…
Eligible couples receiving Supplemental Security Income (SSI) in February 2025 can expect their $1,450 direct deposit on schedule, with payments officially confirmed by the Social Security Administration (SSA). The updated benefit reflects the 2.5% Cost-of-Living Adjustment (COLA) introduced in January 2025 to help low-income households keep up with rising living expenses. How Much Will You…
Recipients of Social Security Disability Insurance (SSDI) will see increased monthly benefits starting in February 2025, thanks to a 2.5% Cost-of-Living Adjustment (COLA). The adjustment is part of the Social Security Administration’s (SSA) annual initiative to help beneficiaries keep up with rising living costs. The new average monthly payment for SSDI recipients will be approximately…
If you’re relying on Social Security to cover your expenses, here’s an update you’ll want to know. Experts are predicting that the 2026 Cost-of-Living Adjustment (COLA) for Social Security benefits could be around 2.1%. This comes after a slightly higher 2.5% adjustment in 2025. The projection comes from the Senior Citizens League (TSCL), an advocacy…
For retirees considering remarriage, it’s important to know how saying “I do” again could impact your Social Security checks. Depending on the type of benefits you’re receiving, remarrying could either leave your payments untouched or cause a significant change. Let’s break down what happens based on the different types of benefits: If You Receive Retirement…
In a financial shift that’s raising alarms, credit scores have taken a dip in every U.S. state over the past year. Experts are linking this trend to increasing debt, missed payments, and rising credit card balances as Americans grapple with inflation and the rising cost of living. Credit Scores Drop Nationwide Between the third quarter…
Many taxpayers are in for a pleasant surprise as the IRS begins issuing automatic $1,400 stimulus payments to individuals who missed out on claiming the Recovery Rebate Credit. If you’re wondering whether you’re eligible or how to track the payment, here’s what you need to know. Why Are Payments Being Sent Now? The $1,400 stimulus…
In a recent announcement, the White House laid out its tax priorities, raising eyebrows by leaving out any mention of expanding the Child Tax Credit (CTC). For many families who have relied on this critical financial aid in the past, the omission signals potential challenges ahead. Why the Child Tax Credit Matters The CTC has…