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The Social Security Fairness Act (SSFA), which was recently signed into law by former president Joe Biden, eliminates rules that reduce Social Security benefits for those who also get income from...
The blockage of nearly 30 million stimulus checks going out to Social Security and other federal benefits recipients has been resolved with the Social Security Administration sending the files of ...
“The damage was done in the 1980s, when Congress raided the Social Security accounts and replaced it with ‘I owe me’s’ Treasury bonds that pay an interest from tax dollar revenues,” he ...
The IRS payments will be direct deposited into a taxpayer's bank account or arrive via paper check. Taxpayers who receive a payment will also receive a separate letter notifying them of the claim.
Once signed into law, the legislation's effective date involves Social Security payments for months after December 2023, according to the text of the bill. Still, calculating what folks are due ...
One taxpayer who benefitted was Ginny Bultman, 61, from Colorado. Bultman and her husband didn’t receive a stimulus payment back in 2021. After reading about the latest IRS payments, she realized she qualified for the Recovery Rebate Credit. A day later, she got her check in the mail.
President Biden signed legislation into law over the weekend to expand Social Security benefits for droves of Americans. The measure, dubbed the Social Security Fairness Act, repeals two tax rules ...
Lawmakers on both sides of the aisle are calling on Senate Majority Leader Chuck Schumer to schedule a vote on the bill that would expand Social Security benefits to roughly 2.8 million retirees ...