Social Security changes coming to beneficiaries and taxpayers in 2017
Whether your clients are receiving monthly checks or still paying in, be aware of these adjustments.
Social Security benefits for about 60 million retired and disabled workers and their dependents will increase slightly in 2017, but for many beneficiaries, the minuscule 0.3% cost-of-living adjustment will be wiped out by higher Medicare premiums.
The 0.3% adjustment is the smallest annual increase
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