Social Security

On Wednesday, Social Security recipients will get their first Supplemental Security Income payments for 2023. This SSI payment, which will be worth $914 this year, is from the Social Security Administration and is intended to assist…

Social Security benefits play a significant role in the average person's financial picture, despite the fact that they never intended to completely replace retirement income. The Social Security Administration estimates that its monthly…

The forthcoming tax season might render a large number of individuals ineligible for tax refund. IRS has begun a campaign to promote the earned income tax credit. According to the IRS, individuals who have had major life events, such as…

Scammers waiting to steal tax refunds from the naive have arrived alongside tax season. Financial services firm IPX1031 reports a 45% increase in tax-related identity fraud over the past two years, and the FTC documented 111,723 cases in…

Here is a general response about the taxability of Social Security, as this is a difficult issue to answer without knowing more about your circumstances. Getting your personal finances in order during tax season can feel like a Herculean…

Checking the status of a tax refund requires a Social Security number and the amount of the refund due. This service is accessible without registration. When requesting a refund, please allow the Department sufficient time to process the…

As retirees, many seniors today rely primarily on Social Security to make ends meet. In the absence of savings, some people rely only on their benefits. But will you get the opportunity to do the same? A recent Transamerica poll found…

The fact that benefits are based on pre-retirement income is one reason why some retirees' Social Security checks can cover their expenses but not others. The greater your earnings, the greater your Social Security contributions, and the…