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Home Market Research Money

New Bill Would Boost Social Security Benefits Temporarily. Here’s How It Would Work.

by TheAdviserMagazine
4 weeks ago
in Money
Reading Time: 1 min read
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New Bill Would Boost Social Security Benefits Temporarily. Here’s How It Would Work.
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Antonovskay Anzhella / Shutterstock.com

Recent tax reform is helping millions of seniors to keep more money in their pockets, thanks to a new senior tax deduction that is available through the 2028 tax year. Now, some Democrats in Congress want to boost senior coffers even more by temporarily hiking the size of monthly Social Security checks. A group of Democratic senators have introduced the Social Security Emergency Inflation…



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