Since the average monthly Social Security benefit in 2025 is $1,976, increasing benefits by $2,400 a year would be a big deal. It could help seniors withdraw less from their retirement savings ...

The impact on taxpayers is significant. The maximum amount a worker can pay in Social Security taxes in 2025 is $10,918.20, calculated on the new wage cap of $176,100 at the standard 6.2% rate.

Instead, it adds a new tax deduction for people 65 and older — and that means more of them will pay no taxes, or fewer taxes, on their Social Security benefits.

Medicare and Social Security go-broke dates pushed up due to rising health care costs, new SSA law The go-broke date is the date at which the programs would no longer have funds to pay full benefits.

The Social Security Administration circulated an imprecise email about the provisions in the new law. Here’s what it actually does. By Tara Siegel Bernard Tara has written extensively about ...

Instead, it adds a new tax deduction for people 65 and older — and that means more of them will pay no taxes, or fewer taxes, on their Social Security benefits.