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If WEP is reducing your benefits, what to do now that the Social Security Fairness Act is law?

The world of Social Security in the United States of America is changing very quickly, and the latest law changes have left millions of Americans unsure of where they stand when it comes to their benefits.On January 5, 2025, then-President Joe Biden signed the Social Security Fairness Act, eliminating the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO).These provisions reduced or eliminated Social Security benefits for workers with pensions from non-Social Security covered jobs, such as teachers, firefighters and police officersAs a result of this law, more than 3.2 million beneficiaries, mainly public servants, began to receive retroactive payments that compensate for previous reductions in their benefits.As of March 4, more than $7.5 billion in back payments had been distributed to approximately 1.13 million people, with an average payment of $6,710 per beneficiary.In addition to the back payments, affected […]

SPORTIVO April 13, 2025

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Agency_SAM

Here’s why you may receive a request from the SSA about your pension amount

In a historic move for public servants across the United States, former President Joe Biden signed the Social Security Fairness Act into law on January 5, 2025. This transformative legislation eliminates two long-criticized provisions - the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) - restoring full Social Security benefits to millions of Americans. The change is retroactive to January 1, 2024, and is being hailed as a monumental step forward for those who have spent decades advocating for equity in retirement benefits.Both the WEP and GPO have long impacted public sector employees, often reducing their retirement income despite years of contributing to Social Security through other jobs. The WEP affected individuals who received pensions from employment not covered by Social Security, such as teaching or policing, while the GPO reduced the Social Security spousal and survivor benefits […]

SPORTIVO April 12, 2025

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Agency_SAM

Social Security rolls back on in-person attendance requirements: Here’s what will happen with phone services

Just days before a new Social Security Administration (SSA) policy was scheduled to take effect, the Trump administration has reversed course on a controversial requirement that would have forced many Americans to verify their identities in person.The reversal comes after mounting pressure from senior advocacy groups, disability organizations, and Democratic lawmakers, who warned that the rule would have created significant barriers for millions of vulnerable beneficiaries-particularly seniors living in rural or underserved areas.Technological upgrades prompt last-minute policy shiftOriginally announced last month, the policy would have discontinued widely used telephone services for those unable to use the SSA's online identity verification system, instead requiring them to travel to a local field office to complete their claims. But on Thursday, White House spokesperson Liz Huston confirmed that telephone-based services would remain available."President Trump has repeatedly promised to protect Social Security and uproot […]

SPORTIVO April 11, 2025

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Direct Payments - English

Tax Day 2025 refund: How long will it take to get your deposit after filing your return?

Everyone knows that the deadline for filing tax returns is this April 15 and that the Internal Revenue Service (IRS) offers taxpayers practical options so that they can meet their tax obligations from the comfort of their own homeWith Free File, everything is easierThe IRS clears up stimulus tax mythsElectronic filing of tax returns is a great resource as it substantially reduces errors and speeds up the process, and to this end the IRS makes available its Free File service, a number of authorized providers of free software for this purpose that provide pre-filled and very intuitive formats for filing returns online.Other virtues of this service are that the vast majority of taxpayers qualify for free e-filing, as it is reserved for those with an adjusted gross income of $84,000 or less in 2024. There is also the advantage of […]

SPORTIVO April 10, 2025

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Direct Payments - English

Tax Day 2025: What happens if I file my return one day late?

If there's one thing we know we have to do year after year, it's filing our annual taxes, although there's always someone who finds out at the last minute and problems will come on their own.Tax Day is April 15, and that date is just around the corner, but there are some taxpayers who have nothing prepared.Is It a Good Time to Buy a House?For those who file their return late, the first piece of advice is to try to avoid this happening, and secondly, they should know what the consequences of not filing their return on time and in due form are.What happens if I file my tax return one day late?The Internal Revenue Service (IRS) receives millions of last-minute tax returns, so it's normal to wonder if they might notice the delay in filing.But why take risks? If […]

SPORTIVO April 8, 2025

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Benefits - English

These are the only retirees who will receive a Social Security payment on April 3, 2025: Are you eligible?

April is here and with the arrival of a new month, millions of Americans are awaiting their Social Security payment.Not all households in the United States can receive these payments on the same days and this April 3, some beneficiaries will be able to collect their payment.Autonomous flying taxis become a reality transforming the future of urban air mobilityWhat specific group will be able to receive their Social Security benefits on April 3?This Thursday's check will go to Americans who applied for retirement benefits before May 1997.The payment amount can reach up to $5,180 for elderly retirees and up to $4,018 for disabled retirees.Although, according to the Social Security Administration (SSA), most retirees receive an average of $1,907 per month.People who are not part of this group will be able to enjoy their payment another day of the month.It should […]

SPORTIVO April 2, 2025

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Benefits - English

SSI Wage Report: What income do you need to confirm to the SSA?

For anyone receiving Supplemental Security Income (SSI), reporting income and life changes to the Social Security Administration (SSA) is not just recommended-it's mandatory. Whether you're employed, self-employed, or receiving other forms of support, the SSA requires regular updates to ensure you're getting the correct benefit amount each month.Failing to report changes on time could result in reduced payments, overpayments you'll have to return, or even a temporary suspension of your benefits. Here's how to stay compliant.What Income and Changes Must Be Reported to the SSA?Depending on the nature of your income, you may be required to report it monthly, yearly, or as soon as it changes.Every month, you must report: Wages from employment Child support received Unemployment benefitsAnnually (by January 10): Total self-employment income from the previous yearImmediately after changes: Cash received from friends or relatives Pensions or retirement benefits […]

SPORTIVO April 2, 2025

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Benefits - English

Social Security confirms major change in payment methods in 2025

A big change is coming to government payments in the United States, as the country says goodbye to paper checks and does everything through electronic payments.The White House issued a statement on March 25, 2020, stating that President Donald Trump signed an executive order to modernize the way the government handles money, "moving from traditional paper payments to fast and secure electronic payments."Brutal chase of man who steals truck, crashes into 13 carsThis measure will take effect from September 30, when paper checks will no longer be issued for all disbursements, including intragovernmental payments, benefits, supplier payments and tax refunds.The statement adds all executive departments and agencies will transition to modern methods of electronic funds transfer (EFT), such as direct deposit, debit or credit card payments, digital wallets and real-time transfers.Who will be affected?The Grada 3 website details that this […]

SPORTIVO March 31, 2025

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Direct Payments - English

IRS Payment Schedule April 2025: When will your tax refund arrive this month?

Those who have already filed their tax return should be aware of the estimated date on which they will receive their refund.It should be remembered that the tax filing season began on January 27, 2025, and with it the receipt of direct deposits.Why your tax refund may be lower than expectedThe Internal Revenue Service (IRS) notes that most refunds arrive within 10 to 21 days, although the time may vary depending on a number of factors.The IRS sends refunds according to a schedule, which varies depending on the method you used to file your return, when you file it and the credits you claim.The website Copy Buzz states that the method of filing influences the processing time of a refund. It details that electronically filed returns are processed faster than paper returns. In addition, choosing direct deposit instead of a […]

SPORTIVO March 31, 2025

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