Donald Trump’s plan to deport millions of immigrants living in the US illegally could have serious financial consequences. One major concern is its potential effect on Social Security a critical program for millions of retired Americans. The Role of Immigrants in Social Security Funding Social Security is largely funded by payroll taxes paid by American … Read more
January 22, 2025 is an important date for retirees across the United States as thousands of individuals will receive their Social Security payments. These payments mark the final disbursement for January and provide crucial financial support to eligible beneficiaries. While there is another payment set for later in the month and it is specifically for … Read more
There’s going to be a big change to the Social Security retirement age in 2025. This change applies to people who will soon qualify to collect 100% of their retirement benefits, though. Let’s explore what this change is and what it means for you. What is the Full Retirement Age (FRA)? Full retirement age (FRA) … Read more
The Social Security Disability Insurance (SSDI) program will see a 2.5% benefit increase in 2025, thanks to the Cost of Living Adjustment (COLA). This increase helps beneficiaries keep up with inflation. Average SSDI benefits, currently about $1,542 are expected to rise to around $1,580. How to Qualify for Maximum SSDI Benefits in 2025 To qualify … Read more
Many retirees and future beneficiaries are worried about a possible 21% cut in Social Security benefits. While this number has caused a lot of concern, it’s important to distinguish between facts and rumors and understand what this could really mean for you. Why Are 21% Social Security Cut Being Discussed? The 21% reduction stems from … Read more
In today’s tough economy every bit of financial relief counts. The IRS has announced automatic payments for eligible taxpayers focusing on those who missed out on claiming specific tax credits in their 2021 tax returns. This move has drawn significant attention especially from families hoping to ease financial pressures. What Are These IRS Payments? The … Read more
Social Security check for recipients born between the 11th and 20th of any month can expect their December 2025 payment soon. According to the Social Security Administration (SSA) payments of up to $4,873 will be deposited on Wednesday, 17th December 2025. This end of year payment is essential for many providing financial support during the … Read more
Millions of retired Americans depend on Social Security to help cover their expenses. For many these payments are an important part of their monthly income. However big Social Security Changes in 2025 that could impact how benefits are calculated, received and managed. If you are retired or planning for retirement it’s essential to stay informed … Read more
Raising children can be expensive, especially when you’re living abroad. The Child Tax Credit (CTC) helps many families cover food, education, and other expenses. If you’re a US resident living abroad and wondering if you can still claim this benefit, the answer is yes. Here is everything you need to know about qualifying, claiming the … Read more
Families are about to receive some great news with the introduction of a new child tax credit for new York. that could change the financial future for many parents across the state. Governor Kathy Hochul has announced a proposal that aims to increase the child tax credit offering substantial relief to families struggling with the … Read more