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Thursday, January 4, 2024

Retirement: An extra tax deduction for older adults can save you money. Here's how.

Seniors struggling to make ends meet may save some money when they do their 2023 taxes by claiming the extra tax deduction. Here's how it works.

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Retirement

Thu Jan 4 2024

 
Starting in 2023, people with Medicare Part B may be able to save money on their premiums, as well as their annual deductible.

Seniors struggling to make ends meet may save some money when they do their 2023 taxes by claiming the extra tax deduction. Here's how it works.

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Seniors set to earn up to $4,873 in retirement payments starting this month

2024 marks the third year a retirement check increase has occurred. The SSA says it's intended to help people keep up with expenses.

 

Social Security benefits increasing this month. Here's the payment calendar

It's the third year in a row inflation has prompted an increase in Social Security checks. Here's when you can expect to see bigger payments.

Social security set to increase in 2023
 

Here's how much of your Social Security benefits are taxable

How is Social Security taxed in 2024? Here are the rules used to calculate how much you might owe on your benefits.

Social Security cards.
 

How much will your Social Security benefits shrink in 10 years?

Cuts to the program may be inevitable, but they're not a guarantee.

 

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