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Social Security COLA 2026: Retirees in 10 states will see the largest increases next year

Social Security COLA 2026: Retirees in 10 states will see the largest increases next year

Trump Administration Seeks Labor Stats Employees Amid Shutdown The Trump administration is addressing data delays caused by the government shutdown by recalling employees from the Bureau of Labor Statistics. These employees will work on the Consumer Price Index report, which is crucial for establishing the 2026 cost of living adjustment (COLA) for Social Security recipients. […]

Venezuela requests urgent meeting of the UN Security Council regarding US military activities in the Caribbean.

Venezuela requests urgent meeting of the UN Security Council regarding US military activities in the Caribbean.

Venezuela Calls for Emergency UN Security Council Meeting On Thursday, the Venezuelan government requested an urgent meeting of the United Nations Security Council regarding recent U.S. military actions in waters near Venezuela. The request was made in a letter to Vasily Nebenzia, Russia’s U.N. Ambassador and current Council President. Venezuela accused the administration of Donald […]

Michigan to suspend taxes on tips, overtime, and Social Security for three years

Michigan to suspend taxes on tips, overtime, and Social Security for three years

Michigan will eliminate the 4.25% income tax on earnings from tips, overtime, and Social Security, thanks to a new law signed by Governor Gretchen Whitmer. This exemption is set to last until the end of 2028, unless further legislative action is taken. The tax reductions were part of a bipartisan agreement aimed at boosting the […]

Social Security COLA 2026: The 10 states receiving the biggest increases.

Social Security COLA 2026: The 10 states receiving the biggest increases.

Nearly 74 million Americans depend on Social Security benefits, making it crucial to understand how the Social Security Administration (SSA) decides on cost-of-living adjustments (COLAs) for the upcoming year. This knowledge helps beneficiaries plan and budget effectively. According to the SSA, the COLA is based on the Consumer Price Index for Urban Wage and Office […]

2026 Social Security COLA: Potential Impact of Federal Government Shutdown on Announcement

2026 Social Security COLA: Potential Impact of Federal Government Shutdown on Announcement

2026 Social Security Cost of Living Adjustment Predictions An official announcement regarding the Social Security cost of living adjustment (COLA) for 2026 is anticipated this October, although a federal government shutdown might delay this news. Experts suggest millions of Social Security beneficiaries could see an increase in their monthly checks next year. Based on the […]

New law removes state income tax on tips, overtime, and Social Security income.

New law removes state income tax on tips, overtime, and Social Security income.

New Tax Exemptions in Michigan Trenton — Governor Gretchen Whitmer joined a bipartisan group of lawmakers at a diner in Downriver on Wednesday morning to celebrate a new law. This law exempts tips, certain overtime payments, and Social Security income from the state’s 4.25% income tax starting next year. The aim of removing state income […]