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A December 2024 government shutdown could happen on Friday. ... The average monthly Social Security benefit will increase from $1,927 to $1,976 in 2025 after the cost-of-living adjustment this ...
With a partial government shutdown beginning on Sunday looking ever more likely amid an ongoing standoff in Congress, the U.S. Labor Department has advised that all economic data gathering and ...
Social Security recipients and others on fixed incomes will soon see a slight increase in their monthly benefit checks from the U.S. government. ... increase by 3.2%, or $59 a month, for 2024 ...
When would a government shutdown start? If Congress doesn’t approve a continuing resolution or more permanent spending measure by Friday, the federal government will shut down. When the fiscal year ended Sept. 30, Congress passed a temporary funding bill to keep the government in operation. That measure expires on Friday.
The money for Social Security benefits is not part of the federal government's budget but is a separate fund. Will Medicare benefits still be paid in a government shutdown?
Mandatory spending by the government — which does not have to be approved by Congress each year — makes up about $7 of every $10 that the government spends. Social Security and Medicare are ...
The maximum amount of earnings subject to the Social Security payroll tax will increase to $168,600 in 2024 from $160,200 in 2023, which will mainly impact those with high salaries. Workers pay a ...
Social Security Tax Threshold Increased in 2024. As AARP explained, Social Security benefits are largely funded via payroll taxes — and that tax rate is 12.4% of earnings. While in 2023 earnings ...