Time is running out for taxpayers who have not yet claimed their 2021 tax refunds, including the $1,400 stimulus check. The Internal Revenue Service (IRS) has issued a final reminder for eligible individuals to file their 2021 taxes before the April 15 deadline. This is the last opportunity to claim the Recovery Rebate Credit, which … Read more
Social Security beneficiaries will see significant changes in 2025, including a 2.5% Cost-of-Living Adjustment (COLA) that increases the average monthly payment to $1,900. Additional updates include new legislation eliminating benefit reductions for public employees, adjustments to the Full Retirement Age (FRA), and a streamlined online application process. If you or a loved one receives Social … Read more
At the end of 2024, the Internal Revenue Service (IRS) identified approximately one million taxpayers eligible for a special refund of up to $1,400. This refund was issued automatically to those who had not previously claimed the Recovery Rebate Credit on their 2021 tax return. The credit was part of the Covid-19 stimulus relief payments … Read more
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