Every month, millions of retirees and beneficiaries eagerly await their Social Security payments. While many payments follow a schedule based on birth dates, not all recipients receive their checks this way. Knowing the different payment schedules can help ensure you know exactly when to expect your money. March Payment The Social Security Administration (SSA) follows … Read more
If you’re using VA Chapter 35 benefits to help pay for your education, knowing how your monthly payments are calculated is crucial. The Department of Veterans Affairs (VA) recently released the updated payment rates for the 2024-2025 academic year. Your payment amount depends on two key factors: your enrollment status and the type of education … Read more
If you have a large family and rely on the Supplemental Nutrition Assistance Program (SNAP), knowing how benefits are allocated is crucial. With over 42 million people depending on SNAP, keeping up with cost-of-living adjustments (COLA) and eligibility requirements ensures you receive the support you need. Let’s break down the key details for 2025. Changes … Read more
Tax season is a prime time for fraudsters to target unsuspecting taxpayers. In 2025, one of the most common scams revolved around a fake $1,400 stimulus payment, misleading people into providing their personal and financial information. Scam Scammers send text messages claiming that the recipient is eligible for a $1,400 Economic Impact Payment. The message … Read more
The Supplemental Nutrition Assistance Program (SNAP), formerly known as Food Stamps, provides crucial financial assistance to over 42 million Americans each year. As the cost of living continues to rise, many low-income families depend on these benefits to afford groceries. Eligibility Each year, SNAP benefit amounts are adjusted based on the cost of living adjustment … Read more
If you’re turning 73 in 2024, the IRS has specific rules regarding Required Minimum Distributions (RMDs) from your retirement accounts. Failing to follow these rules could result in penalties, so it’s important to know when and how to withdraw your funds. Deadline Typically, RMDs must be taken by December 31 each year. However, for those … Read more
For veterans and active-duty servicemembers facing service-connected disabilities, reintegrating into the workforce can be challenging. The veteran readiness and employment (VR&E) program, also known as the chapter 31 program, was established to assist eligible individuals in overcoming these obstacles. Authorized under title 38, U.S. code, chapter 31, the program provides support through vocational counseling, job … Read more
The Other Dependents Credit (ODC) is a tax benefit that provides up to $500 per dependent for taxpayers who support individuals who do not qualify for the Child Tax Credit (CTC) or the Additional Child Tax Credit (ACTC). Introduced in 2017 as part of the Tax Cuts and Jobs Act (TCJA), the ODC offers tax … Read more
As 2025 approaches, millions of Americans nearing retirement age are preparing to enroll in Medicare, the federal health insurance program for individuals 65 and older and those with certain disabilities or serious illnesses. Knowing when and how to enroll is crucial to avoid costly late fees and potential coverage gaps. Missing deadlines can lead to … Read more
If you live in Alaska, now is the time to apply for the Permanent Fund Dividend (PFD), which provides direct payments to eligible residents. Funded by the state’s oil revenues, these payments offer financial assistance to Alaskans each year. The exact 2025 PFD amount remains uncertain, but Governor Mike Dunleavy has proposed a payment of … Read more