(Washington, DC) Provisions of a Social Security bill that’s getting consideration in the U.S. House of Representatives have widespread support from retirees, according to a new poll by The Senior Citizens League (TSCL) ...
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Despite Tax Overhaul Social Security Benefits Are Still Taxable
(Washington, DC) While the 2017 “Tax Cut and Jobs Act” is expected to lower taxes for many taxpayers, it doesn’t address a feature of the tax law that takes a cut of Social Security income from a growing number of older ...
New Tax Law Uses Backdoor Method To Increase Taxes $134 Billion
(Washington, DC) – The 2017 “Tax Cut and Jobs Act” uses an alternate measure of inflation that will increase what people pay in taxes in coming years, warns The Senior Citizens League. The new tax law adjusts the tax co ...
Expiring Medicare Part D Doughnut Provision Will Impact Beneficiaries With Highest Drug Costs
NEWS RELEASE January 15, 2019 (Washington, DC) An expiring provision of law that affects what Medicare Part D beneficiaries must spend out-of-pocket will significantly increase the financial burden of people with ...
Retirees’ Secret Christmas Wish — Keeping Warm This Winter Home Heating Costs 26.2% More for the 2018–2019 Season New List of Rising Retiree Costs From The Senior Citizens League
(Washington, DC) Gift certificates for home-heating oil are likely to be among the most appreciated gift you can give this holiday, says The Senior Citizens League. “That’s because it will cost many Americans roughly 26 ...
Tax Cuts to Expire Affects People With the Highest Healthcare Costs
(Washington, DC) – One of the first tax cuts to expire under the recent tax law is likely to disproportionately affect older taxpayers and others with the highest healthcare costs starting in 2019, says The Senior Citize ...
List of Expiring Federal Tax Provisions
List of Expiring Federal Tax Provisions ...
Medicare Recipients Can Be Denied Supplemental Medigap Coverage
(Washington, DC) Older adults who are considering dropping their Medicare Advantage plan to return to “traditional” Medicare and a supplemental Medigap policy are urged to get counseling before canceling their health pl ...
More Than 5 Million Social Security Recipients May Not See Any Growth in Net Benefits Despite Highest COLA in Seven Years
(Washington, DC) – More than 5 million Social Security recipients with the lowest benefits are unlikely to see any net growth in their monthly checks after deduction of the Medicare Part B premium in 2019, according to a ...
Social Security COLA Estimated to Be 2.8 Percent
(Washington, DC) – Social Security recipients can look forward to receiving an annual cost-of-living adjustment (COLA) of about 2.8 percent in 2019, according to the latest estimate released by The Senior Citizens League ...
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