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A new tax break aimed at seniors may lighten the load on retirees’ Social Security income, but it’s not as sweeping or ...
SSA and Treasury Department officials underscored that neither agency will ever request payment to expedite or set up benefits. Individuals facing hardship or without access to digital payment methods ...
Assessing the new over-65 deduction and its implications for Social Security taxation, as well as new rules for charitable ...
(NEXSTAR) — There have been several changes to government benefit payments already this year, including increased checks for some and clawbacks for outstanding overpayments for others. In about two ...
The Trump administration's tax reform introduced a temporary tax deduction for seniors, set to expire in 2028. This change could impact the financial stability of millions of older adults, as the ...
The same approach could work again: thoughtful, phased reforms that maintain the program’s core protections. Ideas on the ...
You’re not prohibited from working if you collect Social Security retirement benefits, but these rules can apply depending on ...
The Social Security Administration under President Trump has raised its overpayment recovery rate to 50% in an effort to ...
The budget includes a deduction for taxpayers over age 65, starting in 2025. But it would benefit fewer than half of older ...
The SSA’s July 3 email announced that the so-called One Big Beautiful Bill (signed into law by President Donald Trump on July ...
What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is available to people with an adjusted gross incomes of $75,000 or less and ...