taxable earnings

5.2% Increase to Social Security Maximum Taxable Earnings – Impact on SSI, SSA, SSDI, and VA Benefits

by
Joe Biden

With a 5.2% increase in Social Security maximum taxable earnings, seniors and other beneficiaries can look forward to higher benefits. This government-mandated adjustment provides an opportunity for recipients to better plan their finances. Last year, the Cost-of-Living Adjustment (COLA) was 8.7%, and many retirees benefited significantly. As always, beneficiaries must pay taxes on their total … Read more

Everything Will Change in Social Security – 3 Changes That Will Surprise Millions of Seniors

by
Joe Biden

In April 2024, over 50 million retired workers received Social Security benefits, with many relying on these payments as their primary income source. A Gallup survey revealed that 88% of retirees depend on Social Security, with 60% considering it a “major source” of income. Given its significance, it’s crucial for beneficiaries and future recipients to … Read more

Social Security Change In Benefits 2024 – For SSI, SSDI & VA By SSA

by
Joe Biden

The Social Security Administration (SSA) provides essential payment benefits to millions of Americans, particularly those who are low-income, disabled, senior citizens, blind, or otherwise incapacitated. Through programs like SSI, SSDI, and VA benefits, the SSA helps those who have earned sufficient credits and meet specific criteria. With changes expected in 2024, it’s crucial to know … Read more