Robin
The failure of Texas to receive federal Summer Electronic Benefit Transfer (EBT) program funds has made 3.8 million Texas children exposed to food insecurity this summer. The summer program distributes food assistance to families dependent on school meals by offering them grocery benefits each month to address hunger. Texas has failed to secure two straight … Read more
As 2025 rolls along, recipients of Social Security and SSI will see a nifty 2.5% increase in their COLA. This brings federal SSI payments to $967 to individuals, $1,450 to couples, and $484 to essential persons. Meanwhile, the average ranges of Social Security benefits are difficult to compare on a state-by-state basis, because of differences … Read more
Social Security is one of the mainstays of financial security for millions of retired Americans, offering an indispensable source of income during their golden years. By 2025, inflation adjustments to Social Security benefits will reflect changes to the economy. Let’s look at the most recent changes, average benefit amounts, and other elements that shape Social … Read more
Donald Trump has taken office for his second term as the 47th President of the United States, pledging big, obviously controversial projects and an unrelenting push toward his “America First” philosophy. These wide reformations and executive actions colonize the broad political boundaries within which Trump can refocus the domestic and foreign policy agenda, thus shaping … Read more
The IRS has made a major change in tax reporting rules for digital income, effective for the 2024 tax year. If you earn over $5000 through digital payment platforms like PayPal, Venmo, or Cash App, you’ll now have to report it when filing your taxes. The key objective of the shift is to ensure that … Read more
The process of filing income tax returns with IRS is upon us-this is tax season. The time of year can be stressful for many taxpayers, especially for newcomers. You may not owe as much as you think. Tax credits can reduce your tax bill, and, in some cases, may even qualify for refunds. Knowing which … Read more
People aged 65 and above expressed joy when President Joe Biden ratified the Social Security Fairness Act. The newly signed legislation raises Social Security payments for 3.2 million retiree groups and their spouses after it eliminates two controversial benefit restrictions. The sudden delay in benefit payments became known to retirees who anticipated quick financial improvement … Read more
The Supplemental Nutrition Assistance Program(SNAP), popularly called food stamps, is a major federal program that assists low-income individuals and families to buy food. Currently, SNAP benefits are issued to more than 42 million Americans on a monthly basis, which also includes several thousands of Floridians. The electronic benefits transfer(EFT) card functions the same way as … Read more
Social Security is under the spotlight again, with fears about further changes to come bubbling closer to the surface. A recent study subsidized by AARP and conducted by the National Academy of Social Insurance (NASI) found support among a number of Americans—across political lines—for an increase in Social Security benefits specifically for caregivers and older … Read more
The ACTC reaches millions of low-income families, which lessens the burden of raising children. It is available to a taxpayer who qualifies for the Child Tax Credit but cannot take the full benefit of such due to having no tax liability.The ACTC helps these families reduce their tax obligations, engendering a significant relief whereby eligible … Read more