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2. Huge Social Security increase comes with drawbacks for ... - AOL

   www.aol.com/finance/huge-social-security...

   Many retirees are facing this tax predicament this year after the 2022 COLA increase of 5.9%, according to The Senior Citizens League’s 2022 Retirement Survey. About 59% of survey participants ...

3. How Retirement Will Be Different in 2022 - AOL

   www.aol.com/finance/retirement-different-2022...

   In 2021, any income over $142,800 was exempt from the payroll taxes that fund Social Security. In 2022, the maximum amount of taxable income will increase by $4,200 to an even $147,000.

4. Social Security 2022: All the Major Changes That Happened ...

   www.aol.com/social-security-2022-major-changes...

   On top of the big jump in 2022, the Social Security Administration announced that the COLA starting Jan. 1, 2023, would be a whopping 8.7%.

5. Earned income tax credit - Wikipedia

   en.wikipedia.org/wiki/Earned_income_tax_credit

   The United States federal earned income tax credit or earned income credit ( EITC or EIC) is a refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children. The amount of EITC benefit depends on a recipient's income and number of children. Low-income adults with no children are eligible. [1] For a person or couple to claim one or more ...

6. What To Expect From Social Security in 2022 - AOL

   www.aol.com/finance/expect-social-security-2022...

   For 2022, Social Security recipients will earn a significant 5.9% increase in the amount of their annual payouts. The same increase applies to those earning Supplemental Security Income payments.

7. Child tax credit (United States) - Wikipedia

   en.wikipedia.org/wiki/Child_tax_credit_(United...

   The United States federal child tax credit (CTC) is a partially-refundable [a] tax credit for parents with dependent children. It provides $2,000 in tax relief per qualifying child, with up to $1,400 of that refundable (subject to a refundability threshold, phase-in and phase-out [b] ). In 2021, following the passage of the American Rescue Plan Act of 2021, it was temporarily raised to $3,600 ...

8. New rules about retirement in 2022 - AOL

   www.aol.com/finance/rules-retirement-2022...

   For tax year 2022, the contribution limit for 401 (k), 457, 403 (b) and the government’s Thrift Savings Plan all increase by $1,000 to $20,500. Note that the contribution limit for traditional ...

9. Social Security benefits will increase 8.7% next year - AOL

   www.aol.com/finance/social-security-benefits...

   The Social Security Administration, the federal government agency that oversees the benefits, announced a 8.7% increase in the Social Security cost-of-living adjustment (COLA) for 2023.