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SGA does not include any work a claimant does to take care of themselves, their families or home. It does not include unpaid work on hobbies, volunteer work, institutional therapy or training, attending school, clubs, social programs or similar activities: [6] however, such unpaid work may provide evidence that a claimant is capable of substantial gainful activity. [7]
The Social Security Fairness Act (SSFA), which was recently signed into law by former president Joe Biden, eliminates rules that reduce Social Security benefits for those who also get income from...
The Social Security Fairness Act is a United States law that repealed the Social Security Government Pension Offset and Windfall Elimination Provision. [1] The bill passed the House in November 2024 and then passed the Senate in December. [ 2 ]
Social Security has been around since 1935, but there are still changes to the program every year. One of the biggest headline grabbers for 2022 is the big jump in payouts due to the annual...
The cost-of-living adjustment (COLA) is aimed at keeping Social Security payments in line with inflation, so beneficiaries can maintain their purchasing power as living costs rise.
Many seniors also have their Medicare premiums deducted directly from their Social Security payments. In 2022, Medicare Part B premiums rose by the largest amount in history, with a 14.5% increase
Social Security was created in the 1930s, and the general principles behind it have remained relatively unchanged ever since. However, the actual details of the program have changed a great deal
The maximum deduction had been $24,000, but as of 2022, it’s unlimited, which effectively eliminates Social Security taxes for people over the age of 65. In February, Utah expanded its Social ...