Social Security update: SSI recipients to get first 2023 payment of $914 on Dec. 30

Jack Birle

December 11, 12:00 PM December 11, 12:00 PM

Supplemental Security Income beneficiaries are only a few weeks away from the second of two payments to be distributed in December because of a scheduling quirk, with the checks being worth a combined total of $1,755.

The first payment was sent out to eligible recipients on Dec. 1, with this second payment set to be delivered to recipients on Dec. 30.

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The Social Security Administration issues monthly SSI checks the business day prior to months that begin on a weekend or holiday to ensure beneficiaries have the check by the first of the month, according to the agency. This scheduling quirk results in recipients receiving two checks in the same calendar month multiple times a year, but recipients still only receive 12 checks for the year.

The January 2023 SSI payment is being delivered on Friday, Dec. 30, because Jan. 1 falls on a Sunday. The January payment is unique because it is always delivered early since New Year's Day is a federal holiday. In 2023, there will be four months with two payments: March, June, September, and December. This is because the first of the month falls on a weekend in April, July, and October.

For individuals, the payment will be $914, while the rate for eligible couples is $1,371. Essential persons, people who live with someone receiving SSI and provide them with necessary care, will receive $458.

The payments will be the first under 2023 rates, which are increased as part of the yearly cost-of-living adjustments to make sure Social Security payments keep pace with inflation.

The Social Security Administration first issued SSI payments to eligible people in January 1974, with payment rates increasing on pace with inflation for cost-of-living adjustments since 1975, per the agency.

Tax refund 2022: Massachusetts to send residents massive refund checks by end of year

Jack Birle

November 20, 04:24 PM November 20, 04:24 PM

Eligible residents of the commonwealth of Massachusetts are set to receive a one-time tax refund by the middle of next month.

The one-time refund is possible because of the $2.94 billion in excess of the state cap on revenue the state amassed, with the exact amount a person receives varying based on tax status.

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To be eligible for the refund, residents must have filed their 2021 tax return. Those who have not filed their 2021 taxes have until Sept. 15, 2023, and should receive their payments a few weeks after filing.

Payments have already been delivered to hundreds of thousands of Massachusettsans, per CBS Boston. For all residents who have filed their taxes, they should receive their payment by the middle of December.

To determine how much the payment will be, residents can consult the state's website.

The tax refund was triggered by the state's Chapter 62F cap on revenue, a law that has only been triggered one other time since 1986.

Stimulus update: $3,200 one-time payments must be claimed before deadline in just two days

Jack Birle

November 13, 05:00 AM November 13, 05:00 AM

Although there are no new coronavirus stimulus payments being sent out, millions of people are still able to receive an existing form of relief, but the time to claim the money is running out.

Upwards of 9 million people still have not claimed COVID-19 stimulus payments or child tax credits for which they are eligible, per the Government Accountability Office. The outstanding stimulus payments can amount to as much as $3,200 for some filers.

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Those who made less than $75,000 per year or joint filers who made less than $150,000 per year were eligible for the three government-issued stimulus checks of varying amounts. Those who do not file taxes because of how small their annual income is have until Nov. 15 to fill out a simplified tax return form to see whether they are eligible for any of the relief payments.

Most parents were eligible for the government's child tax credit, which distributed payments from July to December 2021, with the goal of the tax credit being to help people with children avoid financial problems and food insecurity.

Three waves of a total of $931 billion worth of stimulus checks were approved by Congress as part of relief for the coronavirus pandemic for nearly 165 million people in 2020 and 2021.

Two of the stimulus check payments were signed into law by then-President Donald Trump in 2020, and the final COVID-19 stimulus bill was signed into law by President Joe Biden in March 2021.

Stimulus update: $3,200 one-time payments must be claimed before deadline in just 10 days

Jack Birle

November 06, 05:00 AM November 06, 05:00 AM

Despite there being no new coronavirus stimulus payments, millions of people are still able to receive an existing form of relief, but the time to claim the money is running out.

As many as 9 million people still have unclaimed COVID-19 stimulus payments or child tax credits, according to the Government Accountability Office. The outstanding stimulus payments can amount to as much as $3,200 for some filers.

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Those who made less than $75,000 per year or joint filers who made less than $150,000 per year were eligible for the three stimulus checks of varying amounts. Those who do not file taxes because of how little income they earn have until Nov. 15 to fill out a simplified tax return form to see whether they are eligible for any of the relief payments.

Most parents were eligible for the federal government's child tax credit, which distributed payments from July to December 2021, with the goal of the tax credit being to help people with children avoid financial difficulties and food insecurity.

Congress approved three waves of a total of $931 billion worth of stimulus checks as part of relief for the coronavirus pandemic for nearly 165 million people in 2020 and 2021. Two of the stimulus check payments were signed into law by then-President Donald Trump in 2020, and the final COVID-19 stimulus bill was signed into law by President Joe Biden in March 2021.