Social Security is crucial for providing financial assistance to retired workers, survivors, disabled individuals, and Supplemental Security Income (SSI) recipients. These payments help millions cover essential needs and adjust to inflation. Recently, the Social Security Administration (SSA) announced a new $1,900 payment for seniors born between the 11th and the 20th of any month who … Read more
The American Rescue Plan’s Child Tax Credit (CTC) offers unprecedented relief to working families, providing the largest child tax credit in history. Unlike a loan, this federal tax advantage significantly aids taxpayers with children, easing their financial burden. Families can receive up to $3,600 for each child under 6 and $3,000 for children aged 6 … Read more
Since the onset of the COVID-19 pandemic, countless individuals and households have faced financial hardships, struggling to meet their basic needs. To support these individuals, the Internal Revenue Service (IRS) has provided several stimulus check payments. Initially named stimulus check payments, these financial aids have been crucial for low-income senior citizens with limited resources to … Read more
Seniors over 65 will receive their next direct SSI payment on July 1st. The Social Security Administration (SSA) has rescheduled June’s payment to Friday, May 31st. This means that millions of Supplemental Security Income (SSI) recipients will not receive their $943 monthly benefits in June. These payments already include a 3.2% cost of living adjustment … Read more
There is a lesser-known $4,200 Social Security payment that some Americans can qualify for if they meet specific requirements. Due to the economic impact of the ongoing conflict between Russia and Ukraine, inflation has surged, particularly affecting essential goods like cooking oil and gasoline. In response, the federal government is offering an additional stimulus payment … Read more
June brings a change for seniors over 65 receiving Supplemental Security Income (SSI) benefits: there will be no SSI payments this month. This adjustment comes after the Social Security Administration (SSA) issued a double payment in May, as the first of June falls on a Saturday. When this occurs, the SSA reschedules payments to the … Read more
The federal government of the United States has implemented various measures to provide financial aid to low-income individuals, including the $3400/Month Social Security Payment in 2024. This initiative aims to support citizens financially, particularly seniors, amidst rising inflation and living costs. According to the official guidelines on the SSA website, taxpayers who meet the eligibility … Read more
High inflation and soaring prices have left many low-income families struggling to cover essential costs like electricity and gas bills. The Colorado Department of Revenue offers a vital financial lifeline through the Property Tax/Rent/Heat Credit (PTC) Rebate. This program provides much-needed relief for seniors and citizens with disabilities. Eligibility Requirements To qualify for the PTC … Read more