The Social Security Fairness Act is bringing big changes to retired teachers, firefighters, police officers and other workers with public pensions. This law signed in December 2024 removes policies that reduced their Social Security benefits or those of their surviving family members. While it is a huge step forward many people may have to wait … Read more
The Trump’s White House Orders has implemented a sweeping Freeze on Federal Aid and Grants stirring significant concerns among various organizations and communities. This decision communicated through a memorandum from the Office of Management and Budget (OMB) marks a pivotal shift in federal funding policies. The directive has broad implications with the potential to disrupt … Read more
3 groups of retirees will not get Social Security payments on February 3, 2025 if you are one of them don’t worry you won’t have to wait long for your next payment. Social Security’s payment schedule is based on birth dates and the date you will receive your payment depends on when you were born. … Read more
Inherited IRAs in 2025 could bring unexpected tax consequences if beneficiary do not plan carefully. Starting in 2025 beneficiary with Individual Retirement Accounts (IRAs) face new rules that could result in penalties for missed required withdrawals. The IRS has finalized guidance enforcing annual required minimum distributions (RMDs) for certain beneficiaries making it crucial to understand … Read more
Jessica Melton a disabled woman from Tennessee faced a shocking financial challenge when her Social Security payments dropped to $14 a month due to overpayment issues. The Social Security Administration (SSA) claimed she had been overpaid $12,000 leaving her struggling to repay the amount despite the overpayment not being her fault initially. How did Overpayments … Read more
IRS Tax Refund Starting January 27, so file online for faster refunds and track your status instantly. Every year millions of Americans gear up for tax season a crucial period requiring them to file tax returns with the Internal Revenue Service (IRS). Taxpayers report their income, deductions and credits to determine tax obligations or eligibility … Read more
February 2025 is bringing a small but helpful change for people who receive Supplemental Security Income. Instead of getting your $715 payment on February 1st it will arrive a day earlier on January 31st. This change is due to February 1st coming down on a Saturday. While this adjustment might seem minor it is important … Read more
If you’re 65 and already receiving Social Security retirement benefits expect your next payment in February 2025. January payments have already been distributed so February’s checks or direct deposits will start arriving as early as February 3. However, eligibility depends on two key factors: being on Supplemental Security Income (SSI) alongside Social Security or having … Read more
In 2025 married couples in the US who qualify for Supplemental Security Income (SSI) could receive up to $17,404 a year. This amount includes a 2.5% increase to help families deal with the rising costs of things like healthcare, food and housing. If you’re wondering how to qualify for this benefit, when payments are made … Read more
Social Security Benefits Under Trump has raised concerns about potential cuts with some of his proposals possibly affecting the program’s finances. But does this mean you should claim your benefits early to avoid possible reductions? Let us dive into what you need to know. The Financial Outlook for Social Security Social Security is not disappearing … Read more