How the 2023 Social Security Cost-of-Living Increase Could Impact Your Tax Burden

How the 2023 Social Security Cost-of-Living Increase Could Impact Your Tax Burden

By now, you’ve undoubtedly heard the news that the Social Security Administration (SSA) will increase benefits by 8.7% in 2023, which exceeds last year’s boost of 5.9%, and will be the largest increase since 1981. The annual increase to Social Security benefits,...