In a significant move to rectify past payment errors, the Social Security Administration (SSA) has released over $900 million owed to disability beneficiaries. Announced in a government blog post on July 16, 2024, this initiative addresses the $901 million owed to Supplemental Security Income (SSI) recipients as of June 2024. SSI supports individuals over 65, … Read more
The Department for Work and Pensions (DWP) has recently published a list of people who will not be eligible to claim Universal Credit (UC) in the coming months. This article outlines the key groups exempt from transitioning to UC, providing crucial details for those affected. Universal Credit was designed to streamline the welfare system, combining … Read more
With the arrival of July, millions of Americans can expect to receive $1,600 stimulus checks if they qualify for property tax, rent, and heat rebates. This program aims to provide financial assistance to eligible residents to help with housing costs. Colorado residents, in particular, may receive up to $1,600 to cover these expenses. This article … Read more
Have you heard the buzz about the potential for 2x stimulus payments for SSI, SSDI, SSA, and VA recipients? The anticipation is high as the fourth installment of the stimulus is expected soon. Many beneficiaries have already seen an increase in their monthly checks. If you’re still waiting, read on to know about the updates … Read more
Canada’s federal government is stepping up to support low-income seniors with an extra $1,200 payment through the Canada Revenue Agency (CRA). This initiative aims to help seniors manage their expenses amid rising inflation and cost of living. If you’re a senior citizen, read on to know more about this extra payment, eligibility criteria, and how … Read more
With a 5.2% increase in Social Security maximum taxable earnings, seniors and other beneficiaries can look forward to higher benefits. This government-mandated adjustment provides an opportunity for recipients to better plan their finances. Last year, the Cost-of-Living Adjustment (COLA) was 8.7%, and many retirees benefited significantly. As always, beneficiaries must pay taxes on their total … Read more
The Social Security Administration (SSA) has announced important changes to the payment schedules for Supplemental Security Income (SSI) and Social Security benefits. These adjustments are set to take place in August and September, affecting millions of beneficiaries. Here’s what you need to know to stay updated and manage your finances effectively. August 1 For those … Read more
The Social Security Administration (SSA) recently announced a major payout to disabled beneficiaries. In a blog post dated July 16, the SSA revealed that as of June 2024, they have disbursed $901 million in back payments to Supplemental Security Income (SSI) recipients. SSI Explained Supplemental Security Income (SSI) is a program designed to assist individuals … Read more
Are you a retiree, on disability (SSDI), or receiving SSI (Supplemental Security Income)? If so, you might be getting a payment within the next two weeks, provided you’re eligible. First up, there’s a payment scheduled for retirees and disability insurance recipients on July 24. To qualify, you must have been receiving benefits since before April … Read more
Although millions of American taxpayers have already filed their 2023 tax returns in 2024, thousands have not yet done so. For those who requested an extension, the IRS has set a crucial deadline. Even though the initial deadline was April 15, an extension only postpones the filing date, not the payment date. Taxes owed should … Read more