The March checks for Supplemental Security Income (SSI) payments will include an increase for households in the United States. Due to a calendar irregularity, this new payment will not arrive in March as planned, but if our application is accepted, …
United States citizens receiving Social Security, like all other Americans, are subject to certain tax obligations. As a result, tax payment is an important part of our economy, and those who do not pay on time may face a variety …
The maximum amount of Social Security (SSA) benefits in the United States varies annually. As a result, given that this increase occurs once a year, we can confidently predict that payments in 2025 will be higher. Knowing this, we can …
Social Security is the largest expenditure in the federal budget, costing $1.3 trillion annually. A recent trustees report from The Tax Foundation, a renowned nonprofit organization focused on nonpartisan tax policy analysis, highlighted the Social Security program’s increasingly precarious financial …
In response to the Social Security Administration’s (SSA) growing financial strain, a recent proposal was made to raise the minimum retirement age from 62 to 70 years. As the SSA’s deficit is expected to increase in the near future, particularly …
The US Labor Department will release the long-awaited September inflation data on October 10, 2024. This data is critical in determining the upcoming cost-of-living adjustment (COLA) for Social Security benefits, which will be officially announced by the Social Security Administration …
The first Social Security payments for 2025 will arrive in January. Most beneficiaries’ payment dates are determined by their birth date, with some exceptions. Those who began receiving retirement benefits before May 1997, or who receive both Social Security and …