President Donald Trump is preparing to sign an executive order officially designating English as the official language of the United States. This historic move would mark the first federal recognition of an official language, a topic that has long been debated in American politics. While English has been the de facto language for government and … Read more
As digital payments continue to dominate global commerce, Payments as a Service (PaaS) is emerging as a revolutionary model that simplifies online payment processing for businesses. By leveraging cloud-based solutions, PaaS allows companies to outsource payment infrastructure, ensuring seamless transactions while reducing operational costs and compliance burdens. This article explores what PaaS is, its benefits, … Read more
The Federal Reserve’s preferred inflation gauge, the core Personal Consumption Expenditures (PCE) price index, increased by 2.6% year-over-year in January, aligning with market expectations. The monthly increase stood at 0.3%, mirroring December’s rise. This data, released by the Bureau of Economic Analysis (BEA), suggests that inflation remains above the Fed’s 2% target but continues to … Read more
The Social Security Administration (SSA) has announced plans for a major workforce reduction, offering voluntary buyouts to employees ahead of anticipated job cuts. The move is part of a broader effort by the federal government to streamline operations and reduce spending, but it has sparked concerns about potential delays in processing Social Security benefits and … Read more
Arizona retirees have good news when it comes to their Social Security benefits: the state does not tax them. However, retirees may still be subject to federal taxation on their benefits depending on their total income. Understanding how Social Security taxation works and implementing smart financial strategies can help retirees protect their money. Arizona’s Tax … Read more
The Internal Revenue Service (IRS) is set to lay off approximately 7,000 employees this week, marking one of the largest workforce reductions in recent years. These layoffs primarily affect probationary workers who have been with the agency for less than a year. As the IRS undergoes these cuts, taxpayers could face significant changes in processing … Read more
The Social Security Fairness Act, signed into law by President Joe Biden on January 5, 2025, marks a significant milestone in Social Security reform. The law repeals two controversial provisions—the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO)—which have historically reduced benefits for millions of retirees, particularly those who worked in public sector … Read more
The Social Security Administration (SSA) is facing a growing backlog of appeals, leaving nearly 300,000 Americans in limbo as they await decisions on their disability benefits. This bottleneck in the appeals process is creating financial hardships for individuals who rely on Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) to meet their basic … Read more
The Supplemental Nutrition Assistance Program (SNAP) has begun processing the first wave of payments for March 2025, with eligible recipients set to receive up to $292 in food assistance benefits. These benefits, distributed through Electronic Benefit Transfer (EBT) cards, help low-income individuals and families afford essential groceries. SNAP Benefits: Who Gets $292 in March? The … Read more
Washington, D.C. – The full retirement age (FRA) for Social Security benefits has increased once again, affecting millions of Americans planning for retirement. In 2025, the FRA will be 66 years and 10 months for those born in 1959. This gradual shift is part of the Social Security Amendments of 1983, designed to account for … Read more