The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.
Millions of Americans lack access to any type of retirement plan, hampering their ability to save for old age.
OBBBA has introduced a ‘Seniors Deduction’ for retirees over 65, of up to $6,000 for individuals ($12,000 for couples), in 2026 tax filings.
The average American has just $955 saved for retirement, study finds - Most workers who aren’t saving for retirement through ...
For millions of seniors, Social Security represents far more than just a government benefit. It's also their primary source of income in retirement. According to the latest data from the Social ...
Social Security payments will increase 2.8% in 2026 as a result of an annual cost-of-living adjustment. Much of the Social Security COLA will be absorbed by Medicare premium and deductible increases.
Social Security benefits are getting a 2.8% cost-of-living adjustment (COLA) in the new year. If inflation heats up, retirees could lose buying power. Medicare Part B hikes might only add to seniors' ...
Social Security benefits change according to your past and present income, as well as the age at which you began claiming ...
Social Security beneficiaries will see their monthly payments increase 2.8% beginning in January 2026. For a retiree receiving the average benefit amount, that equals $56 more per month. “They won’t ...