Beginning in 2025, Social Security recipients should anticipate receiving larger benefits. Independent Social Security and Medicare researcher Mary Johnson estimates that the rise for the upcoming year will be 2.6% even though the official Social Security cost-of-living adjustment (COLA) won’t be announced until October 10. The Department of Labor’s Consumer Price Index for Urban Wage...
There has been a lot of misunderstanding recently due to speculations of a $600 increase in Social Security Disability Insurance (SSDI) payments. T he Social Security Administration (SSA), however, has corrected the record, saying that these stories are wholly untrue. The Social Security Administration issued the following unequivocal statement: “ALERT: Reports of a $600 payment...
The dreams of her spouse or children to pursue higher education may be dashed by the death of a veteran. The Survivors’ and Dependents’ Educational Assistance (DEA) program was established by the Veterans Affairs Administration (VA) to shield survivors of a veteran from having to leave school. The VA DEA, also known as Chapter 35,...
The federal COVID-19 emergency financing for Michigan’s public schools is worth billions of dollars, but if it isn’t used by the end of September, the schools may lose some of it. A stimulus package that poured money into localities to cope with COVID-19-related economic issues was enacted into law by President Joe Biden in 2021....
Almost nobody anticipates a reduction in interest rates from the Federal Reserve when its two-day meeting ends on Wednesday. However, investors and analysts will be watching for hints about when the central bank will really be able to lower its main rate and the number of times it may do so this year. As the...
For people and companies in areas of Kentucky hit by severe storms, straight-line winds, tornadoes, landslides, and mudslides that started on April 2, 2024, the Internal Revenue Service announced today tax relief. The deadline for these taxpayers to submit their various federal individual and corporate tax forms and make payments is now November 1, 2024....