Finance SPC
People who have already filed their 2021 tax return but have not claimed the Recovery Rebate Credit do not need to do anything, as the IRS began sending payments automatically in December.
If we are eligible for this payment we will have the opportunity to receive up to $5,180, although that is only in the case of having accepted the highest possible retirement benefit.
States like Montana, West Virginia, Connecticut, Kentucky, Mississippi, Oklahoma, and Utah have already announced plans to roll out digital driver’s licenses in the coming months.
Remember that there are two requirements for this benefit: being 65 years of age or older or having a disability and having a low monthly income.
When that 1st of the month falls on a holiday or weekend, the Administration sends the checks on the immediately preceding working day.
There are two advantages to sending the documentation as soon as possible: on the one hand it will allow us to correct errors and, on the other, it will speed up the Tax Refund payment process.
In this sense, if you live in Florida and you are in the group 4 of retirees before the end of the next week of February you will have your monthly Social Security benefit available.
Even so, it is true that this is not entirely bad news, since thousands of Americans who regularly collect this payment will be able to enjoy this benefit earlier, so they will have a somewhat different budget in February.
Mortgage rates in the United States have stayed high in recent months, which has an impact on people who want to renew their loans or purchase a property.
In order to start the collection of a monthly Social Security check in the United States, it is not mandatory to be a homeowner, but it is true that being one at the time of retirement can have its advantages.
As we have already mentioned, these tax benefits are only intended for citizens of the United States who live in Florida and are 65 years of age or older.
The Social Security benefit, which will reach a maximum of $5,180 in February 2025 thanks to the COLA increase, will also be sent out after Valentine’s Day this year.