Reported about 15 hours ago
Starting in July, millions of seniors will receive smaller Social Security checks due to the recoupment of past overpayments by the Social Security Administration. Additionally, new tax legislation offers a $6,000 deduction for seniors aged 65 and older, which could significantly affect their tax liabilities, although it does not eliminate taxes on Social Security benefits. Experts from Yahoo Finance discuss the implications of these changes and address common questions regarding Social Security payments and potential impacts on Medicare premiums.
Source: YAHOO