Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced deduction for seniors.
The bonus reduction will add $670 to the after-tax income of seniors on average.
The Social Security Administration has been facing an impending insolvency crisis.
Seniors with Medicare Advantage plans could face benefit cuts and higher costs in 2027 if Trump admin finalizes plans for minuscule payment increase.
(CNN) — Senior citizens are getting a tax break in President Donald Trump’s sweeping tax and spending cuts package, but it’s not the one the president promised on the campaign trail last year.
From insurance savings to travel discounts and home upgrades, many benefits for older adults go unclaimed each year. Here are ...
The COLA is called a raise because it results in a retiree’s monthly benefits check getting bigger. The purpose of it is to ...
Social Security retirees got a 2.8% Cost of Living Adjustment (COLA) this year, and retirees have now received their first ...