The United States government is set to distribute Social Security Supplemental Security Income (SSI) payments worth $967 to eligible recipients. This payment, scheduled for Friday, February 28, arrives earlier than usual due to the March 1 date falling on a weekend. For many SSI beneficiaries, this payment is essential in covering monthly expenses such as … Read more
Alaska has officially confirmed the 2025 stimulus payment through the Permanent Fund Dividend (PFD) program. This program distributes a portion of the state’s revenue from natural resources like oil and gas directly to residents. For 2025, the PFD payment is set at $1,702, which is a significant increase from $1,312 in 2024. This increase is … Read more
A major Social Security change is coming in 2025, affecting when millions of Americans can retire with full benefits. The Social Security Administration (SSA) has confirmed that only individuals born before 1960 can still retire at 66 years and 10 months with 100% of their benefits. For those born in 1960 or later, the full … Read more
With the recent elections, many budget and financial changes are expected this year. The cost of living remains one of the biggest concerns for voters, and many Americans are eager to see what changes will be made to government benefits programs for low-income individuals. Recently, the Trump administration proposed budget cuts that could significantly affect … Read more
Tax season is here, and it’s time to file your income tax with the IRS. For many Americans, this can be a stressful process, especially if it’s your first time filing. However, you may not owe as much tax as you think. Tax credits can significantly lower your tax bill, and in some cases, you … Read more
The cost of living adjustment (COLA) affects millions of Americans each year, influencing government assistance programs like the Supplemental Nutrition Assistance Program (SNAP). As inflation and expenses rise, COLA adjustments help ensure that benefits keep up with economic changes. For the 2025 fiscal year, the U.S. Department of Agriculture (USDA) has made SNAP benefit adjustments … Read more
A potential increase in Social Security benefits would be a welcome change for the nearly 70 million Americans who rely on these payments for their monthly expenses. For many beneficiaries, Social Security is a financial lifeline, covering at least 50% of their living costs. A recent survey by the National Academy of Social Insurance found … Read more
The Social Security Administration (SSA) is set to send out another round of payments on Wednesday, February 19. These payments will provide financial relief to retirees, survivors, and those receiving Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). With the rising cost of living, many Americans rely on these payments to help cover … Read more
The Additional Child Tax Credit (ACTC) provides financial relief for millions of low-income families, helping them support their children. This credit is designed for taxpayers who qualify for the Child Tax Credit (CTC) but cannot fully claim it due to their tax liability. While the ACTC can reduce taxes, it also allows eligible taxpayers to … Read more
Millions of Americans just scored a major financial win. Thanks to the Social Security Fairness Act, retirees who previously had their benefits reduced due to outdated provisions will now receive higher monthly payments. Signed into law by President Joe Biden on January 5, 2025, this new legislation eliminates the Windfall Elimination Provision (WEP) and Government … Read more