Social Security tax changes

IRS announces big changes for 2025: will affect millions of Americans

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The approaching year of 2025 needs a revision of personal financial plans according to the changes made by the Internal Revenue Service (IRS) to the U.S. tax code. Various financial elements face effects which will alter standard deductions as well as specific tax credits which may substantially affect what you owe in taxes. The IRS … Read more

Social Security Benefits Increase for 3.2 Million Retirees – The Unwelcome Surprise Inside

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Good news for retired people, but there will be a delay in getting benefits Former President Joe Biden signed a Social Security Fairness Act, millions of retired people breathed out. This new law will work to increase the benefit of social security 3.2 million retired and more than their spouse. Two old rules end, because … Read more