The Social Security Fairness Act eliminates two provisions, the WEP and the GPO, that have been penalizing a sizable portion of the workforce for more than four decades.
Social Security. Some of these are positive, such as the 2.8 million Americans who will receive larger benefits thanks to the passage of the Social Security Fairness Act. However, not all Social Security changes expected this year are something to smile about.
In a social media post, Donald Trump said seniors shouldn't pay any taxes on Social Security. He was referring to the Social Security benefit taxes that seniors owe if their incomes exceed certain thresholds.
This adjustment could result in a modest but meaningful increase in your monthly checks, especially if your prior earnings history includes gaps or lower-wage years. For retirees who left the workforce early or earned significantly less earlier in life, unretiring can provide a valuable boost to their long-term benefits.