AMAC Foundation
2026 COLA Predictions
Although the official announcement is months away, we continue to see COLA (Cost of Living Adjustment) predictions. Experts started with a prediction of 2.1 % which gradually increased to 2.4% in April. There is some disagreement about how the COLA…
It’s Social Security’s 90th year, Lets Look at some Data
Few government programs touch as many people as Social Security. A 2024 Pew Research Center survey found that 79% if U.S. adults said Social Security benefits should not be touched. This is a view shared by a wide range of…
Additional Income Tax Deduction for Seniors is part of Trump’s big bill
President Trump’s “Big Beautiful Bill” has passed the House and is headed for the Senate. This means Trump’s tax cuts from 2017 will remain in place. Also, the bill includes an additional $4,000.00 tax deduction for America’s Seniors. House Ways…
Will Social Security Taxes Increase?
With the prospect of the Social Security Trust Fund running out of funds by 2035 some are concerned about a Social Security Tax Increase. There are several options to be considered to keep Social Security solvent and raising the tax…
Is COLA Affected by Tariffs?
The yearly Cost of Living Adjustment (COLA) is calculated based on inflation for the third quarter of the year compared to the third quarter of the previous year. Sean Williams for The Motley Fool looks into whether or not President…
“No tax on Social Security” not included in Trump’s “Big Beautiful Bill”
The Trump Administration wanted to end the taxation of Social Security benefits, but some House Republicans did not agree. Instead, the Bill includes a $4,000 tax deduction for those age 65 and older, a compromise intended to help low- to…
Experts Weigh in on the State of Social Security
Social Security is not going away. However, if no changes are made, the combined Old Age, Survivors, and Disability trust funds are projected to be depleted by 2035. This is expected to necessitate a 20 – 25% decrease in benefits.…
Discussion of $4000.00 tax deduction included in “Big Beautiful Bill”
Republicans are using the budget reconciliation process to pass the bill. This lowers the Senate’s threshold for passage from 60 votes to 51 for some fiscal legislation. Supposedly, the reconciliation process forbids direct changes to Social Security; consequently, there’s quite…
New Immigration Policy involves Social Security numbers
The Trump administration plans to cancel immigrants’ Social Security numbers to push for deportation. Critics say it is unconstitutional, while supporters say it is a strong deterrent against unauthorized migration. As a post by VisaVerge explained, “… the cancelation of…
Overpayment withholding rate changed again
A short time ago the withholding rate for Social Security overpayments was 10% of your benefit. Then it changed back to it’s original amount of 100%. Now Social Security information says it is going to be 50%. The return of…