Social Security benefits are a vital source of income for millions of Americans, and any news or rumors about changes to these benefits can cause excitement, anxiety, or both. Recently, a rumor has been circulating about a $1,390 stimulus check for Social Security recipients. But is this a fact or fiction? Let’s dive into the truth behind this rumor and explore what is actually happening with Social Security benefits.
According to various sources, including AARP and the Social Security Administration’s official website (ssa.gov), there has been no official announcement about a $1,390 stimulus check for Social Security recipients. However, there are some changes to Social Security benefits that might be causing confusion.
Changes to Social Security Benefits: What’s Real and What’s Not
Recently, the Bipartisan Infrastructure Law (BIL) was passed, which included a provision to increase Social Security’s SSI (Supplemental Security Income) benefits by 5.9% starting in 2022. This increase is aimed at helping Social Security recipients keep pace with inflation. However, this is not a stimulus check, but rather a regular cost-of-living adjustment (COLA) increase. According to the Social Security Administration (ssa.gov news), COLA increases are automatic and based on the Consumer Price Index (CPI-W).
Additionally, some individuals might be confused about the Infant Tax Credit (ITC) also included in the BIL. The ITC is a tax credit designed to help low-income families cover infant-related expenses. While this is unrelated to Social Security benefits, it might be contributing to the confusion surrounding stimulus checks and benefits.
What’s Behind the $1,390 Stimulus Check Rumor?
There are a few theories behind the $1,390 stimulus check rumor. One possible explanation is that people might be confusing the COLA increase with a stimulus check. This increase is often referred to as a “cost-of-living adjustment” or COLA, not a stimulus check. Another theory is that some individuals might be misunderstanding the inclusion of the ITC in the BIL.
As the Social Security Administration’s official website (ssa.gov) clarifies, Social Security recipients will receive the usual COLA increase in 2023, which is still to be determined. However, the rumor about a $1,390 stimulus check appears to be unfounded.
Staying Informed About Social Security Benefits
To stay up-to-date on Social Security benefits and changes, it’s essential to rely on credible sources. The Social Security Administration’s official website is a great place to start. You can also consider registering for the SSA’s online account, which allows you to access your benefits information, track your earnings, and receive updates on changes to the program.
It’s also a good idea to set up a free account on the AARP website (aarp.org/identity-verification), which provides accurate and reliable information on a wide range of topics, including Social Security benefits, healthcare, and financial security.
Conclusion: Separating Fact from Fiction
In conclusion, while the rumor about a $1,390 stimulus check for Social Security recipients might be exciting, it’s essential to rely on credible sources to separate fact from fiction. The changes to Social Security benefits are primarily related to the COLA increase and the inclusion of the ITC in the BIL. Stay informed and up-to-date on the latest news and updates about Social Security benefits to make the most of your benefits.
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