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SSA Announces 5.9% Benefits Increase for 2022

On October 13, 2021, the Social Security Administration (SSA) announced that in 2022 benefits will increase by 5.9%. In addition, the Social Security wage base will increase from $142,800 to $147,000. The cost-of-living adjustment (COLA) for Social Security benefits is…

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Advance Child Tax Credit Payments in 2021

There have been important changes to the Child Tax Credit that will help many families receive advance payments starting this summer. The American Rescue Plan Act (ARPA) of 2021 expands the Child Tax Credit (CTC) for tax year 2021 only….

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