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    Xavierarnau | E+ | Getty Images Social Security benefits will go up by more than $140 per month on average in 2023, as a record 8.7% cost-of-living adjustment kicks in. Exactly how much of an increase the approximately 70 million Americans who rely on the program for income will see will vary. More than 65 million Social Security beneficiaries will see their benefit checks increase in January, while more than 7 million Supplemental Security Income beneficiaries will see bigger payments starting on Dec. 30. More from Personal Finance:IRS: Here are the new income tax brackets for 2023How much you can earn and still pay 0% capital gains taxes in 2023IRS bumps up estate tax exclusion to $12.92 million for 2023 The average retiree benefit will go up by $146 per month — to $1,827 in 2023 from $1,681 in 2022. Meanwhile, the average disability benefit will increase by $119 per month — to $1,483 in 2023 from $1,364 in 2022. Supplemental Security Income, or SSI, beneficiaries will see the standard individual monthly payment increase $73 per month, to $914 per...
    LOW-income families in Coachella, California can now apply for a universal basic income program offering $400 a month for two years. The Coachella Immigrant Families Recovery Program is partnering with Mission Asset Fund to provide 140 families with cash assistance. 1Applications are now open to receive $400 a month for up to two yearsCredit: Getty This money will be given as a gift and does not need to be repaid. If accepted, participants can choose to have the funds deposited monthly into their checking account or loaded onto a prepaid card they would receive in the mail. Applications will only be accepted online until 5pm on November 11. Qualifying families will begin to receive assistance in January 2023. Read More on Direct PaymentsREBATE WOES Major update on tax refunds worth up to $20,000 - who would get more cashFREE MONEY Hundreds of Americans to receive direct monthly payments of up to $1,000 Mayor Steven Hernandez said in a statement, "we have developed a comprehensive universal basic income program that targets our most vulnerable residents." "Together with MAF,...
    THERE are several reasons why retirees may miss out on benefits that could cost them thousands. Social Security is a program that seniors depend on for a portion of their income – but not everyone is eligible for benefits. 1The Social Security maximum benefit in 2022 is $4,194Credit: Getty Images - Getty In 2022, it is estimated that 66million Americans are receiving those benefits. But keep in mind, Social Security isn't meant to replace your entire pre-retirement income. In fact, the program only represents roughly 30% of the income of the elderly. Once you hit 62 years old, you can start claiming Social Security. READ MORE ON Social SecurityGOLDEN YEARS Millions are set to get an extra $179 per month in Social Security benefits PARTNER BENEFIT Three little-known rules for Social Security spousal benefits However, not everyone will qualify for benefits. In 2022, the maximum Social Security payment is $4,194, so it’s possible you could miss out on benefits if you fall under one of the scenarios below. 1. You moved overseas to a certain country Generally, if you move...
    DIRECT payments worth up to $700 have already begun rolling out in the state of Illinois, but there's no need to worry for those yet to receive theirs. There is still time for Illinois residents to fill out a form to see if they qualify for the state's tax rebates. 1Illinois residents still have time to apply for tax rebates.Credit: Getty The Illinois Family Relief Plan, which offers the one-time rebates to residents who meet certain criteria, was approved in April of 2022. The state estimates that around six million Illinoisans will be eligible to receive the rebates. Some residents will need to fill out a IL-1040 form to find out if they're eligible for a rebate. The deadline to fill out the form is October 17. Read More on Tax RebatesPAYDAY Millions to see direct payments worth up to $1,500 in days - see exact dateTAKE TWO Direct payments worth up to $300 to be sent to Americans after delivery snag This means that those who still need to submit their forms have less than a month left to...
    By Christian Martinez After several months of waiting, Californians who qualify for the state’s gas price relief program could begin seeing payments in October. The $9.5 billion tax refund program will provide one-time payments of up to $1,050 for some families, expected to be sent out between next month and January 2023. Gov. Gavin Newsom and state lawmakers reached a deal for the refunds in June amid record-setting gas prices and rising costs for other goods. Newsom had aimed to get the payments out by summer, when gas averaged over $6 per gallon, but debate among lawmakers over who would receive refunds and how much they would receive delayed the program by months. Now, funds will be received as gas prices continue to tick down closer to the $5 mark. According to AAA, the average price for gas is $5.439 per gallon in California as of Thursday. To be eligible, residents must have filed their 2020 tax returns by Oct. 15, 2021, lived in the state for six months or more in 2020 and could not be claimed as a...
    After several months of waiting, Californians who qualify for the state’s gas price relief program could begin seeing payments in October. The $9.5-billion tax refund program will provide one-time payments of up to $1,050 for some families, expected to be sent out between next month and January 2023. Gov. Gavin Newsom and state lawmakers reached a deal for the refunds in June amid record-setting gas prices and rising costs for other goods. Newsom had aimed to get the payments out by summer, when gas averaged over $6 per gallon, but debate among lawmakers over who would receive refunds and how much they would receive delayed the program by months. Now, funds will be received as gas prices continue to tick down closer to the $5 mark. According to AAA, the average price for gas is $5.439 per gallon in California as of Thursday. Business California first with law protecting children’s online privacy A new law in California will require companies that provide online services to protect children’s privacy To be eligible, residents must have filed their 2020 tax returns...
    HUNDREDS of thousands of Americans holding certain jobs could be entitled to receive an extra $750 in their pockets. The cash infusion is the result of a state measure that's open to more than 660,000 Minnesota residents who qualify. 1Frontline Worker Payments bill was signed into law on April 29 by Minnesota Gov. Tim Walz allowing eligible workers to get a one-time stimulus payment of about $750Credit: Getty The newly signed bill, called Frontline Worker Payments, will see $500million in direct payments go out to eligible frontline workers and small businesses. If everyone who is eligible applies, the checks will work out to about $750 each. That amount could increase with interest. The extensive list of jobs that are eligible for the one-time stimulus are: long-term care and home care health care emergency responders public health, social service and regulator service courts and corrections child care schools: charter, state and higher education food service: production, processing, preparation, sale and delivery retail: sales, fulfillment, distribution and delivery temporary shelters and hotels building services: maintenance, janitorial and security public transit ground...
    THE final child tax credit payment of 2021 will be sent on December 15. The IRS will deposit the sixth payment of up to $300 directly into the accounts of millions of Americans on Wednesday. 1The final child tax credit payment of 2021 will hit bank accounts December 15 The agency relies on bank account information provided through individual tax returns or through its non-filer tool, which is aimed at people who don't normally file tax returns.  The bank deposit will be labeled "CHILDCTC." What time will you receive the child tax credits? The IRS hasn't yet confirmed exactly what time the payments will land in bank accounts, but most can expect theirs sometime on December 15. If you get it by direct deposit, the timing will likely depend on your bank. If you receive the check by mail, it will take several more days for delivery time. Most read in moneyPAYDAY 'Surprise' $6,300 stimulus checks' being sent as calls for 2022 payments growBIG BOOST $1,104 Cola monthly checks coming January 2022 in cost of living allowance boostFINAL CHECK...
    An object called 2020 SO is heading towards Earth, and from October it will be a ‘mini moon’, which may orbit our planet until May next year. When we have the Moon, the Earth constantly receives many small asteroids and meteorites, which are trapped in its orbit, which astronomers call ‘mini moons’. The definition of the moon is any natural object trapped by the gravitational pull of a planet. Now astronomers have discovered a small, non-threatening object heading towards Earth, and according to astronomers’ simulations, the planet could be trapped by gravity for up to eight months. A video of the simulation shows 2020 SO taking two close-up approaches to Earth while the object is in orbit around our planet. The first will arrive on December 1, and will fly about 50,000 kilometers (31,000 miles). It looks like it will try to get away from our planet on February 2, 2021, before it is re-absorbed by the force of gravity for a closer look. However, this is only from initial observations and may change easily over the next few months....
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