Category: Saving & Banking
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Social Security says it has collected $645 million in overdue debts through Treasury offsets since March 2025, as its disability claims backlog fell to 911,000
The Social Security Administration says it has returned $645 million in delinquent debt to the Social Security trust funds through the Treasury Offset Program since March 2025. In the same announcement, the agency said its backlog of initial disability claims has fallen to 911,000, down from nearly 1.2 million at the end of fiscal 2024.…
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Former Monzo U.S. customers have until December 31 to update their address to get 2026 interest tax forms, and leftover balances over $1 with no linked bank account arrived as emailed checks
Monzo, the British digital bank, has told former U.S. customers that any 2026 interest tax form will go to the mailing address it has on file, and that address changes must reach the company by December 31, 2026. All Monzo U.S. accounts were closed as of June 8, 2026, and the company now relies on…
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Social Security’s watchdog found 17,979 beneficiaries died owing about $240 million in overpayments, and staff did not follow recovery policy in 59 of 125 sampled cases
Social Security’s inspector general says the agency left money uncollected from people who had died. An audit dated August 5, 2026 identified 17,979 adult beneficiaries who died between December 2022 and December 2024 with about $240 million in outstanding overpayments. In a random sample of 125 of those cases, staff did not follow recovery policy…
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North Carolina homeowners who paid Dovenmuehle a fee to pay their mortgage by phone stand to get about $425 per fee automatically if a judge approves on November 5
Homeowners in North Carolina who paid Dovenmuehle Mortgage a fee to make a mortgage payment by phone are in line for about $425 per fee, with no claim form to file. Chief District Judge Catherine C. Eagles is scheduled to hold the final approval hearing on November 5, 2026, at 2 p.m. in Greensboro, and…
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Social Security deposits landing in November pay the October benefit, because the agency pays each month’s check in the month after it is due
A Social Security deposit that arrives in November pays the October benefit, not November’s. The Social Security Administration pays each month’s benefit in the month after it is due, so the money landing next month closes out October. The rule is printed in the agency’s own booklet for people on retirement and survivors benefits, and…
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The White House says up to ten million Obamacare enrollees can now open health savings accounts
The White House says a 2025 tax law opened health savings accounts to up to ten million people who buy coverage through the Affordable Care Act marketplaces, often called Obamacare. The claim appears in a fact sheet released October 19, 2026 about women’s health. It credits the Working Families Tax Cuts Act, which the fact…
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The IRS says families can take up to $20,000 per student a year from 529 plans for K-12 school costs in 2026 under Trump’s tax law
Families can use up to $20,000 per student per year from a 529 savings plan to pay for elementary or secondary school in 2026, according to an IRS webinar on the tax changes in President Trump’s 2025 tax law. Richard Furlong, a senior stakeholder liaison at the agency, told viewers that the maximum amount of…
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Trump’s October 22 housing order calls for a pilot that would cancel borrowers’ mortgage insurance premiums proactively, without waiting for homeowners to ask
President Donald Trump signed an executive order on October 22, 2026, that tells the Federal Housing Finance Agency to create a pilot program to cancel borrowers’ mortgage insurance premiums proactively. Under the order, homeowners would not have to ask for the premium to end. The pilot is an instruction to the agency, though, and nothing…
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SSI claims approved since May 4, 2026 all get an automated check of the applicant’s bank accounts, even when no account is reported, Social Security policy says
Every Supplemental Security Income claim approved on or after May 4, 2026 now gets an automated check of the applicant’s bank accounts, whether or not the applicant reports owning one. Social Security’s policy message says verification is “required regardless of the claimant’s liquid resource or FI account ownership allegations.” The step comes before the agency…
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Social Security changes direct deposit by phone only for callers with a one-time code from ssa.gov/PIN, and its notice estimates 2,084,532 people a year drop out and use another route
Social Security will change a beneficiary’s direct deposit over the phone only after the caller gives a representative a one-time code generated at ssa.gov/PIN. The phone route opened April 28, 2025, as one of three ways to redirect a monthly payment, alongside a my Social Security account online and a visit to a local office.…