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The 2025 COLA on average will add about $50 to each monthly benefit check, with the average payment in 2025 rising to $1,976 per month. For most Social Security recipients, the new COLA goes into ...
Key Points Claiming Social Security at age 62 reduces your benefit by up to 30%.The average 62-year-old claimer got $1,341.61 ...
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When Are December 2024 Social Security Payments Coming? - MSNDecember 29. January payments for SSI and Social Security for those who have been claiming since before July 1997 will be made on December 29 as January 1 is a holiday.
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Trump also vowed to protect Social Security while on the campaign trail, and he has repeated that promise since returning to ...
As signed, the bill gives an additional $6,000 tax deduction to people aged 65 and older. These deductions come on top of existing tax deductions for Americans over 65 years old — $2,000 if married or ...
President Trump's "big, beautiful bill" included a "senior bonus," a new temporary tax deduction for Americans over 65.
Unfortunately, the latest Social Security Trustees Report has raised concerns about the program's solvency. This is a serious ...
The Social Security Fairness Act went into effect in Feb 2025 and the SSA has been sending billions in retroactive payments and benefit adjustments to qualifying individuals. The act gets rid of two ...
The Social Security trust fund is not a real asset but a paper entry of IOUs that the government must borrow to cover, meaning that the fund’s current surplus is just a mirage and the future ...
Regular Social Security retirement benefits for the month of July will be sent out on the SSA’s usual schedule: Wednesday, ...
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