With all of the varying advances and retreats in federal government legislation recently, it’s fairly easy to get lost in exactly what legislation is in place. Currently, however, several changes have been or are about to be enacted with regard to Social Security. For the first time in two years, Social Security recipients will receive an increase in their benefits. The future of Social Security, however, remains uncertain. In the meantime, the near future holds higher Social Security tax caps, higher earnings limits, a temporarily extended Social Security tax holiday, etc.
Read this article learn more about what’s on the horizon for workers and retirees with regard to Social Security.