Author: Grace Thompson

The latest update on the Child Tax Credit brings good news for eligible families, with a potential credit of up to $1,700 per child. This new development aims to provide significant financial support to families as they cope with rising costs. Understanding how to qualify and claim this credit can help families maximize their tax benefits in the upcoming year. What Is the New Child Tax Credit? The Child Tax Credit is designed to offer relief to families by reducing their tax liability. The newly announced credit allows eligible families to receive up to $1,700 per child, helping them cover essential expenses. This credit is available for families with qualifying children under a certain age and is intended to provide more financial stability for households. To qualify, families mu...

In November 2024, some Social Security beneficiaries, specifically those receiving Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI), will receive three separate payments. This unique situation occurs due to how the payment dates align with the month’s schedule. Understanding these dates can help recipients plan their finances more effectively. Why Will Some People Receive Three Payments? The reason for the three payments is primarily due to how the Social Security Administration (SSA) schedules the distribution of SSI and SSDI benefits. Typically, SSI payments are delivered on the first day of each month, while SSDI payments are based on birth dates and usually distributed in the middle of the month. However, when the first of the month falls on a we...

If you're a Social Security beneficiary, you'll want to take note of the upcoming payment schedule for November 2024. The third and final Social Security check of the month is set to be delivered on November 29, 2024. This payment is part of the regular distribution system, ensuring beneficiaries receive their support on time. Who Receives the Third Payment? The third payment in November is primarily for individuals who began receiving Social Security benefits after their 21st birthday and whose birth dates fall between the 21st and 31st of any month. The Social Security Administration (SSA) staggers these payments based on birthdates to ensure an organized and timely distribution process. If you’re unsure when your payment is scheduled, the SSA offers multiple resources to help y...