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2025-01-23
A Wyandotte woman whose son has gone viral with his lemonade stand is turning to social media as she tries to find a donor liver for her husband who is in the hospital battling end-stage liver disease and in desperate need of a transplant.The Social Security Administration recently announced the cost-of-living adjustment (COLA) for 2025, and beneficiaries can expect a 2.5% raise (amounting to around $50 per month for the average retiree) heading into next year. But that's not the only change coming for Social Security. A new year brings a slew of new income limits that could affect your benefit in several ways. While many of these changes will increase your monthly payment, some are not quite as beneficial -- especially if you're a higher-earning worker. Here's what you can expect heading into 2025. One big change affecting workers One income limit directly affecting your benefit amount is the maximum taxable earnings limit. This cap is the highest annual income subject to Social Security tax, and the closer your wages are to this limit, the higher your benefit will be. In 2024, the cap is $168,600 per year. Beginning in January 2025, though, it will increase to $176,100 per year. It's normal for the earnings limit to increase most years, as it's designed to keep pace with cost-of-living changes. For context, 20 years ago in 2004, the limit was only $87,900 per year. However, while these limits affect everyone, they can have a more significant impact on higher-earning individuals. If your earnings land at or above the limit, you'll face taxes on more of your income year after year. The increase in 2025 will perhaps have the biggest impact on those earning between $168,600 and $176,100 per year, as you'll face Social Security tax on income that wasn't previously taxed in 2024. At the current payroll tax rate of 12.4% (which includes both the employer and employee tax), that additional $7,500 in income will result in a tax bump of $930 per year. The good news about higher income limits While paying more in taxes may not be ideal, the silver lining is that it will result in a larger benefit down the road -- and you may even be able to snag the maximum monthly checks. In 2025, the maximum Social Security payment will be increasing from $4,873 per month to a whopping $5,108 per month. To earn this payment, there are three requirements you'll need to meet: work for at least 35 years, delay claiming benefits until age 70, and consistently reach the maximum taxable earnings limit. As the wage cap continues to rise year after year, it becomes more difficult to earn the highest possible Social Security benefit. But if you're earning enough to reach that income limit, you've already met what could be considered the most challenging hurdle to collecting this benefit. Simpler ways to boost your benefit What if you're not earning anywhere close to $176,100 per year? While that will unfortunately disqualify you from the maximum payment, you can still take steps to increase your benefit amount. Delaying claiming benefits is one way to earn higher payments. For every month you wait past age 62 , you'll receive a slightly larger check. Filing at your full retirement age (which is between ages 66 and 67, depending on your birth year) will earn you 100% of your benefit, while waiting until age 70 will result in a bonus of at least 24% on top of your full payment. The average retiree collects around $1,298 per month in benefits at age 62, according to December 2023 data from the Social Security Administration. At ages 67 and 70, that average jumps to $1,884 per month and $2,038 per month, respectively. Even if you can only delay benefits by a year or two, it can substantially increase the size of your checks. Working longer than 35 years is another option for boosting your payments. The first step of calculating your benefit involves taking an average of your wages throughout the 35 years of your career that you earned the most. Chances are you're probably earning more now than you were 35 years ago. Because only the top-earning years are included in your average, working more years with a higher income can replace some of the lower-earning years in your calculation -- resulting in a larger benefit. A higher maximum earnings limit in 2025 may raise your tax bill if you're a high earner, but it will also bring you closer to a larger maximum benefit amount for Social Security. Even if you're off track for that payment, small steps can go a long way toward boosting your checks each month.NEW YORK (AP) — President-elect Donald Trump’s recent dinner with Canadian Prime Minister Justin Trudeau and his visit to Paris for the reopening of the Notre Dame Cathedral were not just exercises in policy and diplomacy. They were also prime trolling opportunities for Trump. Throughout his first term in the White House and during his campaign to return, Trump has spun out countless provocative, antagonizing and mocking statements. There were his belittling nicknames for political opponents, his impressions of other political figures and the plentiful memes he shared on social media. Now that's he's preparing to return to the Oval Office, Trump is back at it, and his trolling is attracting more attention — and eyerolls. On Sunday, Trump turned a photo of himself seated near a smiling first lady Jill Biden at the Notre Dame ceremony into a social media promo for his new perfume and cologne line, with the tag line, “A fragrance your enemies can’t resist!” The first lady’s office declined to comment. When Trudeau hastily flew to Florida to meet with Trump last month over the president-elect's threat to impose a 25% tax on all Canadian products entering the U.S., the Republican tossed out the idea that Canada become the 51st U.S. state. The Canadians passed off the comment as a joke, but Trump has continued to play up the dig, including in a post Tuesday morning on his social media network referring to the prime minister as “Governor Justin Trudeau of the Great State of Canada.” After decades as an entertainer and tabloid fixture, Trump has a flair for the provocative that is aimed at attracting attention and, in his most recent incarnation as a politician, mobilizing fans. He has long relished poking at his opponents, both to demean and minimize them and to delight supporters who share his irreverent comments and posts widely online and cheer for them in person. Trump, to the joy of his fans, first publicly needled Canada on his social media network a week ago when he posted an AI-generated image that showed him standing on a mountain with a Canadian flag next to him and the caption “Oh Canada!” After his latest post, Canadian Immigration Minister Marc Miller said Tuesday: “It sounds like we’re living in a episode of South Park." Trudeau said earlier this week that when it comes to Trump, “his approach will often be to challenge people, to destabilize a negotiating partner, to offer uncertainty and even sometimes a bit of chaos into the well established hallways of democracies and institutions and one of the most important things for us to do is not to freak out, not to panic.” Even Thanksgiving dinner isn't a trolling-free zone for Trump's adversaries. On Thanksgiving Day, Trump posted a movie clip from “National Lampoon’s Christmas Vacation” with President Joe Biden and other Democrats’ faces superimposed on the characters in a spoof of the turkey-carving scene. The video shows Trump appearing to explode out of the turkey in a swirl of purple sparks, with the former president stiffly dancing to one of his favorite songs, Village People’s “Y.M.C.A." In his most recent presidential campaign, Trump mocked Florida Gov. Ron DeSantis, refusing to call his GOP primary opponent by his real name and instead dubbing him “Ron DeSanctimonious.” He added, for good measure, in a post on his Truth Social network: “I will never call Ron DeSanctimonious ‘Meatball’ Ron, as the Fake News is insisting I will.” As he campaigned against Biden, Trump taunted him in online posts and with comments and impressions at his rallies, deriding the president over his intellect, his walk, his golf game and even his beach body. After Vice President Kamala Harris took over Biden's spot as the Democratic nominee, Trump repeatedly suggested she never worked at McDonalds while in college. Trump, true to form, turned his mocking into a spectacle by appearing at a Pennsylvania McDonalds in October, when he manned the fries station and held an impromptu news conference from the restaurant drive-thru. Trump’s team thinks people should get a sense of humor. “President Trump is a master at messaging and he’s always relatable to the average person, whereas many media members take themselves too seriously and have no concept of anything else other than suffering from Trump Derangement Syndrome,” said Steven Cheung, Trump’s communications director. “President Trump will Make America Great Again and we are getting back to a sense of optimism after a tumultuous four years.” Though both the Biden and Harris campaigns created and shared memes and launched other stunts to respond to Trump's taunts, so far America’s neighbors to the north are not taking the bait. “I don’t think we should necessarily look on Truth Social for public policy,” Miller said. Gerald Butts, a former top adviser to Trudeau and a close friend, said Trump brought up the 51st state line to Trudeau repeatedly during Trump’s first term in office. “Oh God,” Butts said Tuesday, “At least a half dozen times.” “This is who he is and what he does. He’s trying to destabilize everybody and make people anxious,” Butts said. “He’s trying to get people on the defensive and anxious and therefore willing to do things they wouldn’t otherwise entertain if they had their wits about them. I don’t know why anybody is surprised by it.” Gillies reported from Toronto. Associated Press writer Darlene Superville contributed to this report.zbet casino

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NoneA $750 million educational bond to fund new facilities at Mt. San Antonio College just garnered enough votes to exceed the threshold for passage, the community college announced in a statement Friday, Nov. 22. LIVE ELECTION RESULTS: See a chart of the latest vote counts Measure V needed 55% of the vote to pass and as of the Nov. 21 update, yes on Measure V had received 55.6% or 140,409 votes, according to the L.A. County Registrar of Voters. “This success is a direct result of voters who understand the vital role Mt. SAC plays in our region,” Mt. SAC Community College District Board President Manuel Baca said in a statement. “We are deeply grateful for their continued support.” The funds from the bond will enable Mt. SAC to complete construction of its Technology and Health building, which will house 10 departments and 26 programs. According to the school, once complete it will be the largest building on any college campus in California. Measure V will also support the construction of facilities for the School of Continuing Education, a new library and address infrastructure needs. The measure will cost property owners within the school’s district $15 per $100,000 of assessed property value. A Citizens’ Oversight Committee will be created to oversee the use of funds, according to Mt. Sac.

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