In 2022, the average monthly benefit for all Social Security recipients will be $1,657 with the cost of living adjustment (COLA). There’s a lot of nuance that isn’t taken into account here, as is usually the case when using an average for the entire population. … Read more
As the future of Social Security is still up in the air, questions such as “Will Social Security run out?” are being asked. Income from Social Security is expected to exceed expenses this year, according to the 2020 annual report from the board of trustees … Read more
There appears to be no end in sight to the age-old debate about the best time to begin collecting Social Security benefits. The lack of a clear-cut answer is one factor. Even if your friends, family members, or the financial press tell you otherwise, your … Read more
Between 2020 and 2021, the US government distributed three federal stimulus verifications to help millions of low- and middle-income Americans cope with the economic hardships of the coronavirus pandemic. One $1,200 check was issued in April 2020, one $600 check was issued in December 2020, … Read more
Many people dreaded the potential devastation that the Omicron outbreak would cause when it first arrived on American soil in 2021. According to the Motley Fool, many people are concerned about the long-term closure of businesses due to this highly contagious variant of the deadly … Read more
This year’s tax season is expected to be closer to normal than the baffling years of 2020 and 2021. The deadline for filing tax returns was previously extended in both of the previous years, but this year’s deadline is set for April 18, 2022. In … Read more
In addition to Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI), the SSA administers a number of other programs. Aiming to help those with disabilities, these programs are designed to provide the funding they need. On the SSA’s FAQ page, you’ll find everything … Read more
There are a record number of tax returns awaiting processing at the IRS. Due to this, refunds may take longer this year than usual. Nearly 25 million tax returns from the previous year remain in the possession of the federal agency. Many refunds have been … Read more
When it comes to Social Security, some of the lingo and acronyms people use can be a bit perplexing. We, at the Social Security Administration, are here to explain things to you. They make an effort to communicate your benefits in plain language that anyone … Read more
Millions of Americans have already received their first Social Security payments in January and are eagerly awaiting the next round in February. Due Dates for Social Security Payments of $10,092 Here are the payment deadlines for February that you should be aware of. Payments from … Read more