Individuals Archives - DR News - News, Retirement, Finance

Self-Employed Individuals Pay Double: Social Security Taxation Breakdown Explained

Washington, D.C. – In the United States, both employees and employers contribute 6.2 percent of income earnings to support the Social Security system. However, individuals who are self-employed are responsible for paying the full 12.4 percent on their own. It is worth noting that there is a cap on the wages subject to Social Security taxation, which stands at $168,600. Any income exceeding this threshold is not taxed for Social Security benefits. This financial arrangement …

Supplemental Security Income: Maximum Monthly Benefits Increase for 2024 Retirees and Disabled Individuals

Los Angeles, California – The Social Security Administration offers various benefits to retirees, survivors, and individuals with disabilities. Among these benefits are Social Security Disability Insurance and Supplemental Security Income, providing financial assistance to those in need. The Supplemental Security Income program extends monthly payments to seniors, people with disabilities, and even children. This year, a 3.2% cost-of-living adjustment has increased the maximum monthly benefit to $943 for individuals and $1,415 for married couples who …

Discriminatory Health Care Denial for Transgender Individuals Ruled Unconstitutional

Charleston, West Virginia — A federal appeals court decision has deemed West Virginia’s and North Carolina’s refusal to cover certain health care for transgender individuals with government-sponsored insurance as discriminatory. In a ruling likely to be brought before the U.S. Supreme Court, the 4th U.S. Circuit Court of Appeals in Richmond determined that the coverage exclusions based on gender identity and sex are not substantially related to an important government interest. The case involved the …

Social Security Check Payments Confirmed for Retirees and Disabled Individuals in May

Los Angeles, California – The Social Security Administration has announced the schedule for May’s Social Security check payments for retirees and disabled individuals. This program, which is the largest retirement program in the United States, plays a crucial role in providing financial stability to millions of Americans during their golden years. It not only supports retirees but also assists the families of deceased workers, including spouses, children, and parents. For retirees, the average monthly benefit …

Social Security Payment Update: Retirees and Disabled Individuals Receive $1,900 and $1,500 Average Payouts

Boston, MA – The Social Security Administration has announced the latest round of Social Security payments scheduled for this week. Retirees are expected to receive an average payment of $1,900, while individuals with disabilities will receive around $1,500 on average. Those eligible for these benefits and born between the 21st and 31st of the month can anticipate their payment on Wednesday, March 27th. This payment marks the final Social Security payment of the month, with …

SSI Direct Payment: Important Deadline Approaching for Eligible Individuals and Couples

Los Angeles, California – With less than two weeks until the next Supplemental Security Income (SSI) direct payment on April 1st, individuals are gearing up to receive up to $943 if eligible. These payments are specifically designated for those aged 65 or older, individuals with low incomes, or those facing severe disabilities. In order to qualify for SSI payments, applicants must meet certain criteria, including being partially blind or having a condition that significantly limits …

SSI Direct Payment Scheduled for Eligible Individuals in Less Than Four Weeks

Los Angeles, CA – Supplemental Security Income (SSI) recipients are eagerly anticipating the upcoming direct payment that is set to be disbursed in less than a month. The SSI check, valued at up to $943 for individual filers, is scheduled to be sent out on April 1st. This payment will reach eligible individuals or couples who are 65 years of age or older, have a low income, or suffer from a severe debilitating disability. To …

Vaccine Study Links COVID-19 Vaccines to Increased Risks of Myocarditis and Guillain-Barré Syndrome in Nearly 100 Million Individuals

PARIS, France – A new study on COVID-19 vaccines that analyzed data from nearly 100 million vaccinated individuals has found links to increased risks for certain adverse effects, including myocarditis and Guillain-Barré syndrome. The study, conducted by the Global COVID Vaccine Safety project, looked at 99,068,901 vaccinated individuals across eight countries, including Argentina, Australia, Canada, Denmark, Finland, France, New Zealand, and Scotland. Specifically focusing on adverse events following the administration of Pfizer, Moderna, and AstraZeneca …