SSI Payment Increase and COLA Adjustment Key Changes for Social Security Recipients in 2024

Washington, D.C. – The Social Security Administration has recently announced changes to the Supplemental Security Income (SSI) payment program for the year 2024. These modifications will have a significant impact on the financial well-being of beneficiaries across the country. The SSI payment adjustments include an increase in the basic payment for unmarried individuals who also receive another Social Security benefit, raising it to $943 per month. Additionally, the average monthly SSI payment for couples will …

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Social Security March Payments Arriving Today for Retired Workers and SSDI Recipients

Phoenix, Arizona – Social Security beneficiaries in Arizona should keep an eye on their bank accounts as the Social Security Administration (SSA) is distributing benefits for retired workers and individuals in the Social Security Disability Insurance (SSDI) program today. Those born between the 11th and 20th of the month will see their Social Security checks deposited by the end of the day. The SSA is expected to send out an average Social Security benefit of …

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Buying Power Eroding for Social Security Recipients: Why Retirement Savings Are Key

New York, New York – Seniors across the country rely on monthly Social Security benefits to cover essential expenses like housing, medication, and food. However, while these benefits are supposed to keep pace with inflation through yearly cost-of-living adjustments (COLAs), many retirees are finding that their purchasing power is actually decreasing over time. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) is used to calculate Social Security COLAs, but it fails …

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Social Security Taxation: Understanding Why Recipients Must Pay While Collecting Benefits

Myrtle Beach, SC – A senior citizen who is collecting full Social Security benefits while still working full-time wonders why the federal government continues to deduct Social Security payroll taxes from their paycheck. The confusion stems from a lack of clarity on why individuals receiving benefits must contribute to the program’s funding. The individual, who had $4,400 deducted from their pay in 2023, questions the rationale behind this process. In response to the inquiry, it …

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Social Security Administration Sends $5,816 Payments to Eligible Recipients for March

Seattle, Washington – The distribution of Social Security payments for beneficiaries and retirees has begun, with the Social Security Administration confirming payment dates for their financial aid programs. As March commenced, eligible recipients across the United States began receiving checks totaling $5,816 as part of this month’s payments. The Social Security Administration offers Supplemental Security Income (SSI) and Old Age, Survivors, and Disability Insurance (OASDI) to individuals who qualify due to disabilities, retirement age, or …

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Disability Recipients Alert: Social Security Payment Schedule Changes Announced

New York, NY – Social Security recipients across the country should take note of upcoming changes to their payment schedules. In an effort to provide more efficient and consistent payments, the Social Security Administration has announced adjustments to the distribution of benefits for retired workers and individuals receiving disability support. Starting in April, all Social Security retirement and disability recipients will see a shift in payment dates, with the next round of payments scheduled for …

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Social Security Payment Schedule for February: What Recipients Need to Know

Los Angeles, California – A crucial aspect for Social Security recipients eagerly awaiting their February payments is understanding the specific schedule set by the Social Security Administration. The timing of these payments is based on recipients’ dates of birth and when they initially began receiving benefits. The upcoming February payment dates are as follows: On February 2, individuals who have been receiving Social Security benefits since before May 1997 will receive their payments. For those …

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Retirement Beneficiaries and Disability Recipients Alert: No Social Security Payments Next Week!

New York City, NY – Social Security retirement beneficiaries and disability recipients in New York City, NY should take note that there will be a pause in Social Security payments next week. This disruption affects those who receive both Social Security retirement benefits and Supplemental Security Income (SSI), as payments are scheduled differently for March 2024. The Social Security Administration (SSA) has set the payment date for Supplemental Security Income (SSI) recipients and retirement beneficiaries …

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Income Tax Considerations for Social Security Recipients in 2024: What You Need to Know

Atlanta, Georgia – Planning for retirement involves careful consideration of various factors, including taxes on Social Security benefits. Approximately 40% of Social Security recipients end up paying federal income taxes on their benefits, depending on their total income for the year. While FICA taxes are deducted from paychecks during working years to fund Social Security and Medicare, the taxation of benefits post-retirement remains a crucial issue. Determining whether you owe taxes on your Social Security …

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Transplant Recipients of Undocumented Immigration Face Barriers in Care Without Insurance

Boston, MA – Undocumented immigrants with kidney failure face significant barriers in accessing transplant care due to lack of health insurance, according to recent research published by Dr. Katherine Rizzolo and colleagues at the Boston University Chobanian and Avedisian School of Medicine. Despite being eligible for transplantation in the United States regardless of citizenship status, the lack of affordable insurance coverage presents a major obstacle to care for this vulnerable population. Dr. Lilian Cervantes from …

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