As we approach the end of 2024, many Americans are eagerly awaiting the final stimulus payment from the IRS, which is set to be distributed before the year ends. The payment, totaling $2,500, is part of an ongoing federal initiative designed to provide financial relief to struggling households. With inflation, rising living costs, and economic...
Starting January 1, 2025, millions of Americans receiving Supplemental Security Income (SSI) benefits will see an increase in their monthly payments. This change comes as part of the annual cost-of-living adjustment (COLA), designed to help Social Security recipients keep up with inflation and rising living costs. The increase is set to significantly boost the purchasing...
With Republicans now heading into office in the Presidency, a majority in Congress, and the Senate, the future of Social Security is now even in more dire straights than it was before. This political party is not known for its love of public assistance programs, and although Social Security, which provides financial stability for millions of retirees, disabled individuals, and survivors, is one of the most popular...
The Social Security Department is going to offer $943+$1415 Social Security Benefit to eligible citizens as they are unable to manage their living expenses. This is a recently circulated news item highlighted on various social media platforms. People living in America are struggling financially due to high inflation rates and continuous increases in the cost...
With inflation and economic pressures affecting households nationwide, the intersection of disability payments and cost-of-living adjustments (COLAs) becomes increasingly significant. For 2025, beneficiaries of Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) are asking a crucial question: Will their payments keep up with the rising costs? In this article, we’ll explore the mechanisms...
As we approach the start of 2025, many Americans receiving benefits through the Supplemental Security Income (SSI), Social Security Administration (SSA), and Social Security Disability Insurance (SSDI) programs are wondering if they’ll see a significant financial boost. With inflation rates remaining high and the rising cost of living, many individuals in these programs are hoping...
The IRS has introduced a program to assist taxpayers who missed claiming certain benefits for the 2020 tax year. Eligible individuals, particularly families with dependent children, have the opportunity to claim refunds of up to $6,600. This initiative extends the deadline for filing, offering substantial financial support to those who qualify. Who is Eligible for the...
The Spanish Government has confirmed a 9% increase in the amounts of non-contributory pensions from IMSERSO (Institute for the Elderly and Social Services). This same percentage increase will also be applied to the guaranteed amounts of the Minimum Vital Income (IMV). According to Social Security, “the Minimum Vital Income is a benefit aimed at preventing the risk of poverty and social exclusion of people who live...
While filing for Social Security benefits seems easy (and it is, the application itself is quite simple), there are some things that a worker must keep in mind before deciding to take the plunge and filing to get their first payment. The first one is to know whether or not you are eligible for benefits, as one...
The debate over the appropriate full retirement age to claim full Social Security benefits has been going on for decades. Ever since the first collapse of the Social Security system happened in the early 80’s there have been steady increases to the exact age that beneficiaries were allowed to claim full benefits. The process was done in stages to make it...