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A new proposal from U.S. Sen. Bob Casey (D-Pa.) aims to change “outdated and arbitrary restrictions” on Social Security benefits for widows, widowers and surviving divorced spouses. Backers of ...
Social Security's 2.5% cost-of-living adjustment (COLA) for 2025 was underwhelming, to say the least. It added just $49 to the average monthly check, though many seniors saw their expenses rise ...
“Widows, widowers and surviving ex-spouses can collect survivor benefits as early as age 60 but are subject to benefit reductions and earnings restrictions if they continue to work,” Sherwood ...
This year’s 3.2% cost-of-living adjustment pushed the average Social Security retirement check to $1,864.52 a month as of March 2024, according to the Social Security Administration.
The estate tax is part of the federal unified gift and estate tax in the United States. The other part of the system, the gift tax, applies to transfers of property during a person's life. In addition to the federal government, 12 states tax the estate of the deceased.
People who could receive an extra check in November are those who receive Social Security's Supplemental Security Income, or SSI, a program for disabled adults and low-income seniors.
Under current law, surviving spouses can receive either a survivor’s benefit — which is up to 100% of their spouse’s Social Security primary insurance amount — or their own Social Security ...
While the promise of tax-free benefits sounds like a win for all retirees, the reality is more nuanced. Currently, only about 40% of Social Security recipients pay federal taxes on their benefits.