Social Security
The Social Security Administration is partially backtracking on a plan that would require all new and existing beneficiaries to travel to a Social Security field office to verify their identity. The Social Security Administration said last week that people applying for Social Security Disability Insurance, Medicare, or Supplemental Security Income who are not able to use […]
New requirements for Social Security recipients mandate that key benefits be accessed only online or in person, leaving many older adults confused and anxious about how this will affect their payments. Starting March 31, phone services will be discontinued, pushing recipients to rely on online platforms or visits to Social Security offices. While President Trump […]
The acting commissioner of the Social Security Administration, Michelle King, has resigned after more than 30 years of service, reportedly due to requests from the Department of Government Efficiency (DOGE) for access to sensitive Social Security recipient information. King’s departure was prompted by her refusal to grant access to DOGE staff. Following her resignation, Leland […]
Social Security is an essential aspect of retirement security for millions of Americans, and it’s no secret that the program faces a funding shortfall that could lead to reduced benefits in the next 10 years. A new survey from the National Academy of Social Insurance, AARP, the National Institute on Retirement Security, and the U.S. […]
Tax Day Deadline, Is due today April 18th. Americans are already falling behind in the current tax season, according to the latest IRS statistics. About 91 million people have filed their returns as of April 1, down from 93 million filers at the same time last year, when taxpayers had an extra month to get […]
Social security benefits will be increased up to 5.9% by next year, the largest social security increase in almost 40 years. According to reports the reasoning for the social security benefits increase is due to the rise in inflation. The 2022 cost of living adjustment will add an extra $92 a month to an average […]
Still no stimulus checks yet? The IRS and U.S. Treasury said the next batch of Economic Impact Payments will be issued this week with many coming as paper checks or prepaid debit cards. Social Security and other federal beneficiaries will generally receive this third payment the same way as their regular benefits. Additional payments are expected […]
When Congress passed the COVID-19 relief package in May, over $100,000 in the for of stimulus checks went to incarcerated individuals. While the legislation doesn’t exactly exclude inmates, the IRS is actively seizing the funds that were sent, using the guidelines on Social Security to justify their action. The Social Security Act refuses incarcerated people from receiving certain types of […]
There are about 30 million to 35 million Economic Impact Payments that still need to be sent out. According to the House Ways and Means Committee said the estimation are from people who do not file tax returns. For example they would be individuals on Social Security, or received Railroad Retirement, Supplemental Security Income, or […]
On Friday, April 10, the Internal Revenue Service announced that it had added a new page to its site and a link to a tool for people who didn’t file taxes in 2018 and 2019 so that they can supply their bank deposit information and receive the Economic Impact Payment faster. Those who qualify for […]
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