Social Security Changes You Need to Know | Business and Finance News

Social Security is set to make some major changes next year that could impact your benefits and taxes—here’s what you need to know. Expect a potentially larger cost-of-living adjustment (COLA) around 3.7–3.8%, higher earnings limits for those under full retirement age, and a raised cap on taxable income. While these adjustments are routine, they could significantly affect your retirement income. Final numbers won’t be confirmed until mid-October, so stay tuned and plan accordingly. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b92bf4faf0f63073