Social Security is a critical source of income for millions of American retirees. Any changes to the program can have widespread consequences for those relying on it for financial security. Under President Donald Trump’s administration, several key proposals and enacted reforms have emerged, aiming to reduce taxes on benefits, adjust workforce operations, and address funding … Read more
In a bold response to the latest trade dispute with the United States, Ontario Premier Doug Ford recently announced a 25% surcharge on electricity exports to several U.S. states, including New York, Michigan, and Minnesota. The move is a reaction to President Donald Trump’s decision to impose tariffs on Canadian imports, particularly targeting the steel … Read more
Thousands of Americans are set to receive financial compensation following a $4.5 million settlement by Cadence Bank over allegations of unfair overdraft fees. The lawsuit, which covers charges applied between January 11, 2019, and November 15, 2023, accused the bank of imposing “ASPN fees” on debit card transactions—even when account balances appeared positive. Although Cadence … Read more
As inflation continues to impact everyday expenses, many Americans are searching for affordable places to call home. Factors like housing, groceries, healthcare, and transportation costs significantly determine the overall cost of living. Based on data from government reports and authoritative financial sources, we’ve compiled a list of the 10 U.S. states with the lowest cost … Read more
The Internal Revenue Service (IRS) has issued a strong warning to taxpayers and tax preparers alike: engaging in fraudulent tax schemes or relying on dishonest tax practices could lead to criminal charges, hefty fines, and possible jail time. With tax season in full swing, the agency is stepping up enforcement against tax fraud, including abusive … Read more
The Social Security Administration (SSA) has announced that, effective March 27, 2025, it will revert to withholding 100% of a beneficiary’s monthly payment to recover overpayments. This move follows a temporary policy introduced in March 2024 that limited withholdings to 10% to ease financial hardship on recipients. The decision has sparked concerns among Social Security … Read more
A newly proposed bill, known as the Social Security Expansion Act, aims to provide seniors and beneficiaries with an additional $2,400 annually, translating to $200 per month in increased Social Security benefits. The bill, championed by Democratic lawmakers, seeks to ease the financial strain on retirees who rely on Social Security as a primary income … Read more
Millions of Social Security recipients are set to receive higher benefit payments this week, with some individuals seeing checks of $2,000 or more. The Social Security Administration (SSA) has confirmed that payments will begin on Wednesday, March 12, 2025, as part of adjustments made under the recently passed Social Security Fairness Act. The new law … Read more
The Social Security Administration (SSA) is set to reinstate a strict overpayment recovery policy in 2025, allowing the agency to withhold 100% of a beneficiary’s monthly Social Security payment until an overpaid amount is fully recovered. This marks a significant change from the previous policy, which limited the withholding rate to 10% per month in … Read more
The debate over whether to restrict Supplemental Nutrition Assistance Program (SNAP) benefits for purchasing soda and candy has resurfaced. Government officials, including Health and Human Services Secretary Robert F. Kennedy Jr. and Agriculture Secretary Brooke Rollins, have expressed support for new limitations aimed at promoting healthier eating habits. However, this potential shift in policy is … Read more