How a 17.5% Social Security Tax Could Impact Your Paycheck in 2024

How a 17.5% Social Security Tax Could Impact Your Paycheck in 2024

There has been a lot of talk about the possibility of increasing the Social Security tax rate from the current 12.4% to 17.5%. This change could impact workers, retirees, and businesses, and it has been suggested to help solve the growing problem of funding Social Security in the future. However, as of now, this increase … Read more

How the 2025 Social Security COLA Increase Will Affect Retirees Across the U.S.

How the 2025 Social Security COLA Increase Will Affect Retirees Across the U.S.

Social Security payments are vital for retirees, and the 2.5% COLA increase for 2025 is designed to help them keep up with rising prices. The increase varies across states depending on the cost of living and average benefits. Let’s take a look at the impact of this COLA adjustment on retirees in different states. 2025 … Read more