Malliotakis pushes for tax-free Social Security benefits for seniors

Malliotakis pushes for tax-free Social Security benefits for seniors

STATEN ISLAND, N.Y. — Dozens of seniors applauded Rep. Nicole Malliotakis Monday morning after she revealed her work to deliver tax relief on Social Security and to boost the State and Local Tax (SALT) deduction cap.

Social Security to reduce overpayment clawbacks to 50%, down from 100%

The Social Security Administration said it will now seek to recoup less money from beneficiaries. Advocates say the revised policy is still burdensome.

HARRIS: New law raises Social Security income for some

Until recently, if you received a pension from a job that did not pay into Social Security and you’ve also worked in a job that did, your Social Security benefits at retirement were reduced based on your pension income. As of Jan. 5, 2025, that’s no longer the case, thanks to the Social Security Fairness Act.

According to "Press" information, for the next two years, the adjustment of almost all services, the valorisation of which was decided by Turquoise Green in 2022, is likely to be affected, and which are not.

Social Security reduces benefit clawback from 100% to 50% for some; experts still warn of 'devastating' effects

Social Security beneficiaries who owe the agency if they received too much in benefits now have a lower withholding rate from their checks.

Social Security overpayment withholding rate drops to 50% for some - Finnoexpert

Fertnig | E+ | Getty Images Just weeks after announcing a 100% withholding rate on new overpayments of benefits, the Social Security has slashed the rate down to 50% for certain beneficiaries. Yet that clawback on monthly benefit checks may still cause a financial burden for individuals who are affected, experts say. For new overpayment notices sent on or after April 25, the 50% default withholding rate will apply to so-called Title II benefits…