IRS Extends 2023 Tax Payment Deadlines and Offers Tax Relief for Tornado-Affected Residents in This State

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If you live in Ohio and have been affected by the tornadoes that began on March 14, 2024, you might be eligible for some important tax relief measures. The Internal Revenue Service (IRS) has announced extensions on several tax deadlines to help both individuals and businesses recover from the aftermath. Extended Deadlines The IRS has … Read more

SSI Recipients May Receive a 2.6% COLA Increase in 2025: Check Potential Amounts

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The Supplemental Security Income (SSI) program is set to see some changes potentially on the horizon. According to predictions from The Seniors Citizen League, a Cost-of-Living Adjustment (COLA) of 2.66% might be in store for 2025. While these figures are speculative and dependent on future inflation rates, it’s intriguing to consider what these adjustments could … Read more

Pre-1997 Retirees to Receive $1915 Social Security Check in 9 Days

Are you a retiree who started collecting Social Security before May 1997? If so, you’re in for some good news. Your next Social Security payday is just around the corner. Mark your calendars for June 3, because that’s when you can expect a check worth $1,915 on average. Let’s cut into the details of who … Read more

Second Direct SSI Payment in May: Eligibility Requirements to Receive $943

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With seven days left until the second direct Supplemental Security Income (SSI) payment of the month, recipients can soon expect their next financial boost. This payment is crucial for low-income seniors, disabled individuals, and children who rely on these benefits to cover their living expenses. Here’s a detailed look at what beneficiaries can anticipate and … Read more

US SNAP Benefits Update $1,155 Payment Schedule for June

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The Supplemental Nutrition Assistance Program (SNAP) continues to provide critical support to low- and no-income households, helping them afford essential and nutritious food. If you are eligible for SNAP benefits, here’s what you need to know about the payment amounts and the upcoming schedule for June 2024. SNAP Benefit Amounts SNAP benefits vary depending on … Read more

Farewell to 401(k) Plans: Save More for Social Security Benefits

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Saving for retirement is crucial to ensure financial security in the later years of life. However, many Americans are entering retirement unprepared, relying solely on Social Security. This dependence is alarming, given that Social Security faces potential depletion by 2035. To address this issue, experts Alicia Munnell and Andrew Biggs have proposed a controversial plan: … Read more

Fewer Social Security Payments in June Full Schedule of SSI SSDI Checks and Senior Payroll Mailings

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The Social Security Administration (SSA) recently announced changes to the benefit payment schedule for June due to some payment dates falling on weekends or federal holidays. If you are a Social Security beneficiary, here is all the information you need about the upcoming changes and how they will affect your SSI, SSDI, and retirement benefit … Read more

Stimulus Check Update Americans Celebrate $3,600 Direct Payment

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Economic assistance continues in the United States, albeit not as extensively as during the pandemic. The federal government previously authorized several stimulus checks to help Americans cope with the financial impact of COVID-19. While these Economic Impact Payments (EIPs) have concluded, some states are still providing stimulus payments to help residents manage rising inflation and … Read more

Social Security Benefit Increases for 2025 What We Know So Far

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Every year, the Social Security Administration (SSA) calculates the cost-of-living adjustment (COLA) to help beneficiaries keep up with inflation and maintain their purchasing power. This adjustment isn’t guaranteed annually, but it frequently occurs to ensure seniors and other pensioners can manage their costs. How COLA is Calculated COLA is based on data from the Consumer … Read more

Final Social Security Payment Goes Out Next Week Seniors to Receive $1,400

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Next week marks a significant date for seniors who qualify for Supplemental Security Income (SSI) benefits. The Social Security Administration (SSA) is set to distribute the final Social Security payment of over $1,400. This monthly benefit reaches approximately 72 million retirees, survivors, disabled individuals, and low-income seniors eligible for retirement, survivors, disability insurance (RSDI), and … Read more