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More Details on “Stimulus” Eligibility and Payment Scheduling
It’s fair to say that there has been quite a bit of confusion surrounding the schedule for distribution of the Economic Impact (“Stimulus”) Payments, and according to The Motley Fool’s Sean Williams and the IRS, to-date only about half of the…
Stimulus Payments: Who’s Not Eligible?
An article posted on the Lowell Sun by reporter Aaron Curtis takes a look at the issue of who does not receive a check from the economic impact payment (stimulus) program implemented as part of the CARES Act. Curtis’ article focuses on the…
Three Important Things for SS Recipients to Know About Your Economic Relief Payment
Perhaps you’re one of the lucky ones who have already received your stimulus payment, and are now wondering if it will be considered taxable income. Or maybe you got your individual payment but didn’t get a payment for your qualifying…
More About Stimulus Payments for Seniors
There’s no question that information about stimulus payments, even that from the IRS and the Department of Treasury, has sometimes been conflicting and contradictory. That’s probably understandable, considering that economic relief payments are going out to about 150 million Americans,…
Answers to Stimulus Payment Questions
Seems like no matter how many articles are posted, and how many answers are given about the Economic Relief Payments (A.K.A. “Stimulus Payments”) the questions keep rolling in everywhere. Although both the IRS and the Social Security Administration maintain special…
Stimulus Payments: A Quick Reference Guide for SS and SSI recipients
The Social Security Administration has developed a guide to help beneficiaries of Social Security benefits (retirement, disability or survivors), and Supplemental Security Income (SSI) recipients determine if they need to take any action to receive their economic relief (stimulus) payment…
Does the Pandemic Make Higher Payroll Taxes Inevitable?
In this Yahoo! Finance article by Ben Werschkul, the author opines that the economic hit caused by the coronavirus pandemic makes it inevitable that payroll taxes for Social Security and Medicare will need to be raised. Quoting a policy analyst…
Millions Still Waiting for Their Stimulus Payment
According to the IRS, they have already processed about 130 million of the total 150 million stimulus payments, so a large percentage of those eligible have already received their economic relief. But those payments, ranging up to $1200 for an…
Here’s How to Get an Estimate of Future Social Security benefits
For those who are thinking about when to claim Social Security, you’ll want to know in advance how much your benefit is likely to be. And while the exact amount can’t be known until you actually apply, you can get an…
COVID-19 Hardship? You Can Claim SS early and Suspend Later
The COVID-19 pandemic has caused financial hardship for many, even with the Federal Government’s “CARES Act” which provides an economic stimulus to most Americans. In spite of the stimulus, for most seniors there is still rent to pay, mortgage and…