Tax season is coming up, and if you’re paying off student loans, there’s good news—you might be able to deduct up to $2,500 of the interest you paid in 2025. But before you start celebrating, there are income limits that determine if you qualify for the full deduction, a partial deduction, or none at all. … Read more
For many low-income families, financial support programs provide essential relief in times of economic hardship. During the COVID-19 pandemic, both federal and state governments introduced various initiatives to help struggling households. One such initiative is the Sacramento Family First Economic Support Pilot (FFESP), which was launched in December 2024 in California. The program aims to … Read more
If you’re struggling to cover food costs, you might qualify for Supplemental Nutrition Assistance Program (SNAP) benefits, previously known as Food Stamps. This federal program helps low-income individuals and families buy groceries, but eligibility depends on income and household size. Before applying, you need to meet specific requirements and income limits, which are updated annually. … Read more
Veterans using the Montgomery GI Bill Active Duty (MGIB-AD), also known as Chapter 30 VA Benefits, saw updated education payment rates starting October 1, 2024, through September 30, 2025. Whether you’re pursuing a college degree, vocational training, or an apprenticeship, your monthly benefits depend on your length of active-duty service and your enrollment status. Payment … Read more
Millions of low-income households in the U.S. rely on welfare programs like the Supplemental Nutrition Assistance Program (SNAP) to meet their basic needs. With the cost of living constantly changing, it’s crucial to stay informed about any adjustments to these benefits. Although there has been speculation about possible changes under the new presidential administration, the … Read more
Tax season can be stressful, but for low- and moderate-income workers, the Earned Income Tax Credit (EITC) offers a valuable opportunity to reduce tax liability and even receive a refund. If you’re eligible and have already filed your return, you’re probably wondering when your refund will arrive. The good news? Most refunds, including those with … Read more
For millions of Americans, Social Security payments are a lifeline, providing crucial financial support every month. If you’re one of the recipients or planning to apply, keeping track of the payment schedule is essential. The Social Security Administration (SSA) follows a strict timetable to distribute benefits, ensuring that eligible individuals receive their payments on time. … Read more
Veterans who struggle to find or maintain employment due to service-connected disabilities may be eligible for Veteran Readiness and Employment (VR&E) benefits, also known as Chapter 31 benefits. This program helps veterans gain new skills, pursue education, or secure suitable employment based on their abilities and interests. Let’s look into who qualifies for VR&E and … Read more
If you’re worried about rising prescription drug costs, Medicare is stepping in with a big change in 2025 that could keep more money in your pocket. Thanks to the Inflation Reduction Act, Medicare Part D will cap annual out-of-pocket drug costs at $2,000 starting January 1, 2025. That means once you hit that limit, you … Read more
Alaska residents are once again preparing to receive their Permanent Fund Dividend (PFD), a unique benefit that distributes a portion of the state’s oil and gas revenue directly to qualifying individuals. This payment helps Alaskans cover essential expenses like housing, food, and healthcare. But how does the PFD work, who is eligible, and when can … Read more