Social Security

Goodbye to taxes on Social Security benefits with new government plan

Goodbye to taxes on Social Security benefits with new government plan

Donald Trump promised to lower Social Security taxes during his campaign, but recipients might not realise the full cost of this change. Trump defeated Democratic opponent Kamala Harris in a close race to become the 47th president of the United States during this week’s elections. During a rally in July, he declared that he would […]

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Changes to Social Security after Election Day: Know More Here

Changes to Social Security after Election Day: Know More Here

Depending on how next week’s presidential election turns out, a new administration will take office in the White House early next year, and one of the first issues it will encounter is Social Security. Social Security has been largely ignored despite an impending funding cliff that could lead to benefits cuts within the next decade,

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Increase in Social Security check for retirees: Read To Know More About It

Increase in Social Security check for retirees: Read To Know More About It

Social Security Administration announced on October 10 that benefits will increase by 2.5% in 2025, providing much-needed clarification about the cost-of-living adjustment (COLA) for Social Security. Although this increase aligns with earlier projections, some may be disappointed, particularly in light of the COLAs from more recent years. Social Security benefits increased by 3.2% in 2024

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