Potential Reduction in Social Security Payments and Tax Refunds in May 2025: Here’s What You Need to Know
Millions of Americans receiving Social Security benefits and anticipating tax refunds may face a significant reduction in their payments starting in May 2025. Several factors are contributing to this potential decrease, requiring beneficiaries and taxpayers to be aware and prepared for these changes. Social Security Payment Adjustments While the Social Security Administration (SSA) announced a … Read more