Secretary Bessent hints Social Security income tax changes are coming
Social Security tax changes could be looming.
In the present day, about 68.5 million Americans receive Social Security advantages; for heaps of, these month-to-month exams characterize a essential part of their retirement revenue.
Yet there’s usually a gigantic gap between what Social Security offers and what retirees truly desire to spend—a area of interest made even wider when revenue taxes eat into their advantages.
In January, the average month-to-month profit for a retired worker used to be $1,976, whereas couples receiving advantages averaged $3,089.
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