Millions of seniors will see smaller Social Security checks starting in July as the Social Security Administration begins to collect past overpayments. Additionally, President Trump’s new tax legislation includes a $6,000 tax deduction for seniors aged 65 or older.
Yahoo Finance Senior Columnist Kerry Hannon and Retirement Daily editor Robert Powell — who also hosts Yahoo Finance’s Decoding Retirement podcast — answer readers’ questions about Social Security repayments and the new tax deduction.
To watch more expert insights and analysis on the latest market action, check out more Mind Your Money here.
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
source
