If you are earning a low or moderate income the Earned Income Tax Credit (EITC) can help put extra money in your pocket. This tax credit is designed to reduce the amount of tax you owe and if the credit is higher than your tax bill you will get the difference as a refund. For … Read more
Millions of Americans rely on Social Security Disability Insurance for financial support. If you receive SSDI there is good news: your payments for February 2025 will arrive in just 21 days. The Social Security Administration has confirmed the payment schedule ensuring beneficiaries receive their money on time. What is SSDI and Who Qualifies? SSDI is … Read more
When deciding when to claim Social Security Benefits by Retirement Age, timing plays a crucial role. The age at which you choose to start receiving payments determines how much you will collect each month. According to the Social Security Administration (SSA) the average monthly retirement benefit in 2025 is $1,783.55. However this amount varies based … Read more
For years millions of retired public workers, including teachers, firefighters and police officers, have seen their Social Security benefits reduced due to outdated rules. When the Social Security Fairness Act finally passed many thought relief had arrived. But now they face another hurdle a long wait before seeing any extra money. The Problem: Delayed Payments … Read more
Social Security Financial Crisis that could result in benefit cuts. Even more concerning is that these cuts might not be far off. Both current workers and retirees should start preparing for this possibility and have a backup plan in place. Millions of retirees across the United States rely on Social Security for a major portion … Read more
If you receive $970 Social Security SSI Payments, there’s good news! The Social Security Administration is sending an early February payment on Friday, January 31, 2025. This is because February 1 falls on a Saturday so the payment is being processed a day earlier. If you’re expecting Social Security benefits, you might also want to … Read more
Social Security is facing a big challenge. If nothing changes by 2035, the program can only pay about 83% of benefits. That means retirees could get smaller checks unless Congress fixes the problem. A new law the Social Security Fairness Act could make the situation even trickier. This law increases benefits for some workers, but … Read more
For federal employees a Roth IRA can be an excellent way to save for retirement. The money you put into a Roth IRA grows without being taxed and when you retire you can withdraw it without paying taxes. Plus you can pass on any remaining funds to your loved ones without them being taxed either. … Read more
With a new phase of leadership possibly on the horizon many families are wondering what changes might come to their finances, especially regarding tax benefits. One program under the spotlight is the Child Tax Credit (CTC) which helps millions of American families every year. If Donald Trump wins another term in office there could be … Read more
Millions of retirees are eagerly waiting for their Social Security Retroactive Payments, but delays are making the wait longer than expected. The Social Security Fairness Act was supposed to bring long-overdue adjustments for retirees especially those who worked in the public sector or qualify for spousal or survivor benefits. However, processing these payments is proving … Read more