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Social Security
Biden’s Student Loan Forgiveness Proposal: Taxpayers Facing a $475 Billion Burden
President Joe Biden's latest proposal for student loan forgiveness has come under scrutiny as analysis suggests it could potentially cost taxpayers a staggering $475 billion.
The plan, aimed at alleviating the burden of student debt,…
Social Security Update: Check Your Eligibility for the Maximum Benefit of $4,555
Social Security recipients are in for a significant increase in their monthly benefits, with checks reaching up to $4,555 in July 2023.
The substantial rise comes as a result of a cost-of-living adjustment (COLA) determined by the…
Direct Payments Soar: Social Security Update Benefits Millions In Three Days
Within a remarkable three-day period, the Social Security Administration (SSA) quickly distributed payments to qualified claimants, with amounts up to $4,555.
Beneficiaries' incomes have received a much-needed boost as a result of the…
Social Security Benefits Guide for Divorced Spouses
A recent survey conducted by MassMutual reveals that a significant portion of Americans nearing retirement are unaware that divorced individuals can collect Social Security benefits based on their ex-spouse's earnings.
In fact, these…
Texas to Roll Out SNAP Benefits: Direct Payments of up to $1,691 to Commence in 15 Days
As part of a significant endeavor to address food insecurity, Texas will provide cash assistance of up to $1,691 to eligible SNAP recipients
The payments are set to begin in just 15 days, providing much-needed financial assistance to…
IRS Postpones Implementation of New Rules for Inherited Retirement Accounts Payouts
The Internal Revenue Service (IRS) has announced the postponement of the implementation of new payout rules for inherited retirement accounts.
The decision comes after significant pushback from taxpayers, financial institutions, and…
Downbeat Announcement: Social Security’s 2024 COLA Raises Concerns
Social Security benefits, a vital source of income for retired workers, experienced a tumultuous journey in recent years.
Following a year of inadequate cost-of-living adjustments (COLAs) in 2022, Social Security recipients received a…
IRS Cracks Down on ‘Delinquent Millionaires,’ Recovers $38 Million and Expands Efforts
The IRS has recently made significant strides in collecting unpaid taxes from high-net-worth individuals, often referred to as delinquent millionaires.
The agency announced that it has successfully retrieved an impressive $38 million in…