As the 2025 tax season approaches, families across the United States are eager to understand the benefits of the Child Tax Credit (CTC) and determine their eligibility. The CTC offers significant financial relief, providing up to $2,000 per qualifying child under the age of 17. Notably, up to $1,700 of this credit is refundable, meaning…
Recent developments have raised concerns among Social Security Disability Insurance (SSDI) recipients about potential changes that could affect their benefits. Staying informed and proactive is essential to ensure continued support. Proposed SSDI Changes in 2025 As of January 2025, several adjustments to SSDI are on the horizon: Cost-of-Living Adjustment (COLA): Beneficiaries will see a 2.5%…
Millions of Americans are set to receive more money in their Social Security checks this year, thanks to a newly announced 2.5% cost-of-living adjustment (COLA). This adjustment, designed to help beneficiaries manage rising living expenses, marks a welcome change for retirees, disabled individuals, and Supplemental Security Income (SSI) recipients. How Much More Will You Get?…
As 2025 begins, there’s no better time to rethink your retirement strategy. Changes in savings rules, tax opportunities, and rising annuity rates have created fresh possibilities to grow your pension. Whether you’re just starting or nearing retirement, these easy-to-follow tips can help you boost your retirement income. Take Advantage of Higher Contribution Limits The government…
California has rolled out a new financial assistance program to support needy families. The Family First Economic Support Pilot (FFESP) initiative offers $725 monthly stimulus checks to eligible households in Sacramento County. Here’s everything you need to know. What Is the $725 Stimulus Check Program? The FFESP is part of a broader effort to combat…
Several U.S. cities and states are stepping up to offer monthly financial support in 2025 through Guaranteed Basic Income (GBI) programs. These programs provide $500 in cash each month, no strings attached, to help families cover everyday expenses. Let’s break it down in a simple way, so you can see if you qualify and understand…
Social Security benefits are a vital source of financial security for millions of Americans, particularly those in retirement. The new Social Security Benefits Law has resulted in changes that are expected to transform how public-sector workers, including teachers, firefighters, and police officers, get benefits. This change addresses long-standing concerns about fairness, ensuring that those who…
Big Changes to SSI in 2025: Supplemental Security Income (SSI) is a federal program managed by the Social Security Administration (SSA) that provides financial support to individuals with limited income and resources. Designed as a safety net, SSI assists aged, blind, and disabled individuals who struggle to meet basic living expenses. Here’s a closer look…
Proposed Tax Credit Bill Aims to Expand Academic Opportunities Supporters and Opponents Voice Their Views According to Inside Investigator, a public hearing was held Wednesday on House Bill 5101, which proposes establishing a tax credit bill for donations to non-profit organizations providing scholarships to private schools. Sponsored by Rep. Holly Cheeseman (R-East Lyme) and co-sponsored…
Advocating for a Permanent Child Tax Credit 2024 Addressing Economic Strain and Rising Costs According to CT, the Connecticut Nonprofit Child Tax Credit Coalition, alongside lawmakers, nonprofits, and families, convened at a news conference to advocate for a permanent fully refundable child tax credit 2024. The proposed credit would provide families with $600 per child…