James Carter If you expect Social Security benefits to cover the majority of your expenses once you retire, you’re in for a rude awakening. While the Social Security Administration’s retirement income will surely assist you in your later years, it will not be sufficient to meet all … Read more
When COVID-19 was first designated a pandemic, Congress moved promptly and bipartisanly to offer the financial assistance that Americans required. Several big relief bills were passed under the Trump administration, with bipartisan backing on both sides of the aisle. Two stimulus checks were included in … Read more
Huge swaths of the American population have received three separate stimulus payments since the start of the disease. The government had already began offering financial assistance as a result of increased job insecurity and rising inflation. The influence of the Omicron variation, on the other … Read more
So you think you know all you need to know about Social Security? If so, congratulations — you are in the minority when it comes to knowledge of the nation’s biggest retirement benefits program. A new study released by the Nationwide Retirement Institute found that … Read more
Due to the largest cost-of-living adjustment in nearly four decades, beneficiaries can expect an increase of 5.9 percent in their Social Security benefits this year. The Social Security Administration has been forced to raise benefits for the elderly by an average of $100 a month … Read more
In light of my current age of 60, I’m wondering if I’ll be eligible for Social Security retirement benefits in the future. It’s not like I didn’t buy them. In the name of who? The amount of Social Security FICA taxes withheld from your past … Read more
As part of the federal government’s response to COVID-19, the enhanced child tax credit for 2021 is a one-time benefit payment for parents. Every year, parents can apply for the child tax credit, but this benefit is typically only available to those who pay taxes. … Read more
Some tax experts have warned that the 2022 filing season could see some of the same problems that plagued the IRS in 2021 when several rounds of stimulus checks caused severe backlogs. According to a variety of social media posts, the government is about to … Read more
The provision of financial assistance to those affected by the global pandemic was one way to improve the situation. To help those in need, the Biden administration has devised a rescue plan that focuses on those who are low-income or unemployed. President Biden is the … Read more
Even if Congress does not pass legislation for additional stimulus checks, some Americans will be eligible for a $1,400 check this year. Due to a bitter fight between Republicans and Democrats in 2020 over stimulus checks, most Americans have already received their allotment. If you’re … Read more