Most of us are familiar with Social Security. It's a program we all pay into during our working years and collect from in retirement. Those benefits are often crucial in helping retirees stay afloat, especially those without a whole lot of savings. But Social Security is by no means designed to sustain seniors in the absence of outside income, and relying on those benefits too heavily could set you up for financial ruin during retirement.
The IRS released common reasons people got stimulus amounts that were different than anticipated.
Some Social Security recipients say they're still waiting for their stimulus checks, even though the Social Security Administration has said many of them should have begun receiving their payments a month ago in mid-April. Some also continue to struggle with getting information from the IRS "Get My Payment" site, leaving them unsure when the checks will arrive.
Congress authorized $100 billion to reimburse health care providers for losses linked to the pandemic, but much of that money has gone for Medicare patients, with low-income families left behind.
The IRS and the U.S. Treasury Department will begin sending economic stimulus payments on preloaded debit cards this week, the Trump administration said on Monday. The IRS’ financial agent, MetaBank, will send nearly 4 million payments on prepaid cards – allowing recipients to withdraw funds from in-network ATMs, make purchases and transfer funds to their personal bank accounts without incurring any fees. The mailed package will include activation instructions.
Pennsylvania’s unemployment rate ballooned to 6% in March, with 76,000 people out of work in the Pittsburgh metro area alone as the COVID-19 pandemic ravaged the country, according to the state Bureau of Labor Statistics. If that weren’t enough, time may be running out for those furloughed to get the best deals on health insurance. For some, a 60-day window that starts the date their previous coverage stopped, may be closing to shop for Obamacare, advocates say.
Local officials are ramping up efforts to prevent a potential rash of evictions among renters as the country’s unemployment rates reach historic highs and eviction moratoriums start to expire.
House Democrats' latest coronavirus relief proposal unveiled Tuesday includes more than $3 trillion in new spending, amounting to the biggest and most expensive aid package yet to deal with the global pandemic, Fox News has learned.
The way the pandemic affects Medicare is broad. Here are answers to some of the biggest questions Medicare beneficiaries are asking themselves right now.
The Washington Post reported that senior economic officials at the White House are exploring a polarizing proposal by conservative scholars at the right-leaning American Enterprise Institute and Hoover Institution. The scholars, Andrew Biggs (a Forbes contributor) and Joshua Rauh, had published an opinion piece in The Hill outlining their plan, which would provide cash to households, but not in the form of a direct stimulus payment. Instead, the two argue that Congress should offer voluntary loan checks of up to $5,000 - the actual amount is up for debate - in exchange for a delay in receiving their Social Security benefits in retirement by up to three months.
Those waiting for payments will soon see them in their bank accounts and mailboxes.
You'll receive your coronavirus stimulus payment faster through direct deposit than if you have it mailed. Here's how to set up a bank transfer so your coronavirus check will go right to your account.
It’s been weeks since people started getting coronavirus relief payments. You’ve checked and rechecked your eligibility, just to be sure. But still, no $1,200 stimulus payment has arrived in your bank account or mailbox. Perhaps $3,400 is riding on this for you, your spouse and your two children, for whom you’re supposed to get $500 each.
Stimulus checks are arriving either directly to bank accounts or through the mail and if you have outstanding debt, creditors may try to seize it. A lot of people really need this stimulus money to pay for rent or buy food, but if you have outstanding debts with creditors you could be in for some disappointment.
Continued coronavirus outbreaks might force more school closures, the American Academy of Pediatrics reported, as it issued guidance for schools trying to re-open in the fall.
Americans are lined up dozens, hundreds and sometimes thousands deep at food pantries across the nation. One in every six Americans has lost their job in the pandemic, and the number will likely grow much larger before we start adding jobs again. Since March when business shutdowns began to prevent exposure to Covid-19, 1.9 million Texans have filed applications for benefits. That’s more than double all the claims submitted in the state in the entire year of 2019. In Iowa, more people filed for unemployment in March than in all of 2019.
Steer clear of these blunders as you navigate these extremely challenging times.
Did you know that you may be able to receive benefits on your spouse’s record if you have not worked or do not have enough Social Security credits to qualify for your own Social Security benefits?
The vast majority of Americans support expanding Medicaid so low- and moderate-income individuals can have access to health care coverage, a new poll has shown.
Many Minnesotans may soon be asked to return to work as the governor eases closure orders on some businesses. But if some refuse to go due to health concerns, they will likely lose unemployment benefits.