FILE – A sign marks the Internal Revenue Service (IRS) headquarters building on January 30, 2024, in Washington, DC. (Photo by J. David Ake/Getty Images) A small number of taxpayers will be receiving a special payment from the IRS in the coming weeks. Here’s what the rebate payment is, and who is getting it: What...
The arrival of the new year heralds a series of significant changes to Social Security. Annually, the Social Security Administration announces a cost-of-living adjustment (COLA), which is applied to beneficiaries’ payments starting with the January disbursement. This year, a 2.5% increase will impact not only the payments but also the earnings required for each Social Security credit, often referred...
In the month of December, we find an irregularity in the Social Security payment schedule that causes many beneficiaries in the United States to get an extra payment. But not all Americans will be able to access this extra payment. In order to get an extra Supplemental Security Income check on the 31 of December, it is mandatory to meet certain requirements. Therefore, if...
As we look ahead to 2025, Michigan’s retirees will see a 2.5% increase in their Social Security benefits, marking a much-needed adjustment to help offset rising living costs. This follows a 3.2% increase in 2024, bringing a continued focus on supporting older adults who depend on these benefits to manage their daily expenses. What the...
In the upcoming weeks, around 1 million taxpayers are set to receive automatic special payments from the IRS, with amounts reaching as high as $1,400. Eligible individuals will receive the funds either through direct deposit into their bank accounts or via a paper check sent through the mail. The IRS announced it will be distributing...
The federal government will give some immigrants in the US a new $500 stimulus check, but some limits need to be thought about. As part of a new program, the U.S. government is giving up to $500 in stimulus checks to migrants to help them. These payments are meant to help legal immigrants who meet...
According to a recent report by GOBankingRates, 41 states in the U.S. will no longer tax Social Security benefits by 2025. Missouri and Kansas joined this group in 2024, leaving only nine states that will still impose taxes on these benefits in 2025. This is a crucial change for retirees planning their finances. Below is a list of states that...
In the month of December we find an irregularity in the Social Security payment schedule that causes many beneficiaries in the United States to get an extra payment. But not all Americans will be able to access this extra payment. In order to get an extra Supplemental Security Income check on the 31 of December, it is mandatory to meet certain requirements. Therefore, if...
In 2024, Alaska residents are set to receive a $1,312 stimulus payment through the state’s Permanent Fund Dividend (PFD) program. This initiative provides vital financial relief, helping residents share in the wealth generated from the state’s natural resources. If you want to know more about eligibility, payment dates, and how to apply, this guide has...
As December 2024 approaches, there is widespread discussion about a potential $2,000 Economic Relief Package, expected to be distributed by direct deposit. These relief packages have historically provided vital financial assistance during times of economic uncertainty. But is this news true? How can you determine if you qualify and prepare to receive these funds? This...