As we enter the new year, some individuals may be receiving an unexpected financial boost. During the COVID-19 pandemic, the U.S. government distributed several stimulus payments to help struggling families manage their expenses and stimulate the economy. If you missed out on one of these payments in 2021, you might still be eligible to claim … Read more
If you’re receiving Supplemental Security Income (SSI), you might be wondering whether the $1,450 SSI payment scheduled for February 2025 is real—or just a rumor. Here’s the good news: it’s real, but with some important details you should know! The timing of this payment will differ from the usual schedule, and the increase is due … Read more
Scammers never miss an opportunity, and tax season is one of their favorite times to strike. With the IRS recently warning about a new wave of stimulus check scams, it’s more important than ever to stay vigilant. Many Americans, especially seniors and vulnerable populations, are being targeted by fraudsters posing as IRS officials. These scammers … Read more
The $1,400 stimulus check, also known as the Recovery Rebate Credit or Economic Impact Payment, was introduced by the U.S. government to provide financial relief during the COVID-19 pandemic. While most eligible Americans received their payments in previous years, some individuals may still qualify for additional payments in 2024 and 2025. The Internal Revenue Service … Read more
Social Security benefits are a financial lifeline for millions of Americans, including retirees, disabled individuals, and their families. With the first checks of the year being sent out, many are eager to know when their $1,976 payment will arrive. Let’s look into the payment schedule, who qualifies, and what determines the amount you receive. Schedule … Read more
The Internal Revenue Service (IRS) has identified over 1 million taxpayers who missed out on claiming the Recovery Rebate Credit on their 2021 tax returns. In response, the IRS is now distributing approximately $2.4 billion in special payments to ensure eligible individuals receive the stimulus funds they were entitled to. Here’s what you need to … Read more
Families across New York are set to benefit from Governor Kathy Hochul’s proposal to significantly expand the state’s Child Tax Credit. This initiative boosts financial support to up to $1,000 per child under four and $500 per child aged four to sixteen, providing much-needed relief to families amid rising living costs. If approved, this expansion … Read more
In January 2025, the Canadian government will provide a $1,660 one-time extra payment to eligible Canada Pension Plan (CPP) recipients. This measure aims to help seniors and other beneficiaries cope with the rising cost of living and inflation. Knowing the payment schedule, eligibility criteria, and how to optimize your benefits is essential to make the … Read more
In January 2025, Canada’s Old Age Security (OAS) program will increase its maximum monthly payment to $1,615, offering greater financial support to seniors. This includes the Guaranteed Income Supplement (GIS) for low-income seniors. Whether you’re already receiving OAS or planning for retirement, knowing this boost, its eligibility requirements, and how to maximize your benefits is … Read more
The Internal Revenue Service (IRS) is issuing automatic Economic Impact Payment (EIP) refunds to eligible taxpayers who missed claiming the Recovery Rebate Credit on their 2021 tax returns. This initiative, announced in December 2024, is a part of ongoing efforts to provide financial relief stemming from the COVID-19 pandemic. Here’s everything you need to know … Read more