Recent reports and rumors have prompted us to investigate the status of Social Security benefits, including SSI, SSDI, and Veterans Aid. Our research confirms that the U.S. federal government is continuing its regular disbursement of these benefits. This year, eligible recipients might receive an increased Social Security SSI amount in July 2024. Elderly and disabled … Read more
Social Security benefits are not just for retired individuals who meet eligibility criteria. They also extend to disabled people, their spouses, children, and dependents under certain conditions. The Old-Age, Survivors, and Disability Insurance (OASDI) program aims to provide financial support to eligible individuals, including retirees, people with specific disabilities, and those with limited income. This … Read more
If you qualify for the Supplemental Security Income (SSI) program, keep an eye on your bank account. The Social Security Administration (SSA) has announced a new SSI payment of more than $1,400 on July 1st. Since 1935, the SSA has been paying Old Age, Survivors, and Disability Insurance (OASDI) and SSI benefits to nearly 68 … Read more
The IRS tax credit reduces the amount owed on income taxes. It’s a benefit designed to lower your overall tax liability, the amount of money you owe the government based on your income. Let’s look into the IRS Tax Credit Schedule for 2024, important dates from June to December, and the amounts involved. Schedule The … Read more
Every month, Social Security beneficiaries receive a boost from the cost of living adjustment (COLA), typically confirmed at the end of the year. As of January, retirees are seeing a 3.2% increase in their Social Security payment amounts, helping them keep pace with inflation and cover daily expenses. Despite this increase, many seniors feel that … Read more
As of September 30th, millions of recipients of the Supplemental Security Income (SSI) program will benefit from a new law set to take effect. The Social Security Administration (SSA) is introducing changes aimed at expanding benefits across the country and removing barriers for more people to apply for this essential financial program. Whether you already … Read more
The Social Security Administration (SSA) frequently updates its policies to align with current living conditions and avoid overburdening its beneficiaries. In a significant policy shift effective September 2024, the SSA is revising the eligibility criteria for the Supplemental Security Income (SSI) program, focusing on food assistance. SSI SSI is a critical program providing monthly financial … Read more
The Social Security Administration (SSA) is the federal agency responsible for sending out millions of benefit checks to more than 71 million beneficiaries in the United States. Established in 1935, the SSA continually evolves, making changes to its requirements and developing new rules for the Retirement, Survivors, and Disability Insurance (RSDI) and Supplemental Security Income … Read more
Many taxpayers look forward to their tax refunds, which occur when they overpay their taxes throughout the year. This isn’t an IRS incentive but rather a repayment for the excess taxes paid. At times, the government provides additional financial support through stimulus payments during economic downturns, known as IRS Bonus Payments. Despite their name, these … Read more
The Canada Revenue Agency (CRA) has always played a pivotal role in the financial upliftment of Canadians. Over the years, various programs and schemes introduced by the CRA have made significant impacts, particularly for senior citizens. Given the rising inflation and financial challenges, there are discussions about a possible extra Old Age Security (OAS) payment … Read more