Social Security Recipients to Receive Largest COLA Since 1982

Social Security Recipients to Receive Largest COLA Since 1982

The Social Security Administration (SSA) announced recipients will receive a hefty 5.9 percent increase in their monthly benefits beginning in January 2022. The cost of living increase (COLA) is good news since the United States is suffering from crippling inflation, which is making it difficult for low-income seniors to afford necessities like food and heating […]

IRS Reports Sending Stimulus Checks to Non-Americans Overseas

IRS Reports Sending Stimulus Checks to Non-Americans Overseas

The United States Internal Revenue Service (IRS) reports an error that resulted in thousands of non-Americans mistakingly receiving coronavirus relief checks earlier this year. The agency now accepts responsibility for the mistake, according to an NPR report on Nov. 30, 2020. Initially, when the reports first surfaced, the IRS claimed recipients were to blame. They […]

Social Security COLA Higher Than Forecast Expectations

Social Security COLA Higher Than Forecast Expectations

Nearly 70 million Social Security and Supplemental Security Income (SSI) beneficiaries can expect a 3.1 percent increase beginning January 2021, according to a Social Security Administration¬† (SSA) announcement on Oct. 13, 2020. In August, forecasters thought the cost of living adjustment (COLA) would be between 0.50 and 1 percent. David Certner, AARP’s director of legislative […]

1 2 3