by lindapowell | Oct 18, 2021 | Articles, In The News
5.9% is the biggest COLA increase in decades On October 13, 2021, the Social Security Administration (SSA) officially announced that Social Security recipients will receive a 5.9 percent cost-of-living adjustment (COLA) for 2022, the largest increase in four decades....
by lindapowell | Sep 14, 2021 | Articles, In The News
The news keeps getting better for Social Security recipients. It’s now projected that benefits will increase 6.1% in 2022, up from the 4.7% forecast just two months ago. That would be the most significant increase since 1983.1,2 It’s all about inflation. Social...
by lindapowell | Aug 9, 2021 | Articles, In The News
The federal government has upgraded its Child Tax Credit (CTC). Thanks to the American Rescue Plan Act, there are four notable differences in effect for the 2021 tax year only.1 First, the Internal Revenue Service is paying many families who qualify for the CTC 50% of...
