This Social Security Rule Hasn't Changed in Years -- and It's Hurting Many Seniors

·3-min read
This Social Security Rule Hasn't Changed in Years -- and It's Hurting Many Seniors

Although Social Security has been around for many years, the program is constantly evolving. Next year, for example, some key changes are coming down the pike, including a substantial cost-of-living adjustment (COLA), a higher wage cap for Social Security tax purposes, and a higher earnings-test limit for those who work and collect benefits at the same time. Seniors whose sole income source is Social Security usually don't have to worry about their benefits getting taxed.

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