Social Security

Social Security benefits increase to affect 2022 paychecks

Effective Jan. 1, 2022, Social Security recipients will see an increase in their monthly checks. Additionally, the cap on taxable income to help fund Social Security benefits will also be increasing. The cost-of-living adjustment will be 5.9% in 2022 — the largest increase to the benefits in nearly 40 years. The nearly 70 million Americans who collect Social Security benefits will receive an additional $100, on avera
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