Beginning January 1, 2025, children under 6 years of age with Medicaid or Child Health Plus (CHP) will maintain insurance coverage through the end of the month in which they turn 6, regardless of any change in household income. Note that this continuous coverage provision only applies to children with monthly CHP premiums of $0, $15, [...]

The IRS announced it is using internal data to identify taxpayers who filed a 2021 tax return but did not claim the Recovery Rebate Credit (worth up to $1,400). The Recovery Rebate Credit is a refundable credit for individuals who did not receive one or more Economic Impact Payments (EIP), also known as stimulus payments.The IRS [...]

Effective Tuesday, January 7, 2025, the income guideline for the NYC Fair Fares program has increased from 120% FPL to 145% FPL, expanding access to more households.The program provides a 50% discount on public transportation to eligible low-income New Yorkers.New York City (NYC) residents may be eligible for Fair Fares NYC if they are:Between the ages [...]

For 2025, there will be a 2.5% cost of living adjustment (COLA) to Social Security and SSI benefits.The following are the federal monthly SSI benefit amount for 2025 (there is no increase to the NYS state supplement amount):For an individual living alone: $967, plus the NYS supplement of $87, for a total of $1,054.For a couple [...]