The Social Security Fairness Act's Benefit Increase Could Come With a Surprise Bill for Some

Your Social Security checks could look a little different this month if you're one of the 3.2 million Americans affected by the recent passage of the Social Security Fairness Act. Some retired workers could see their checks increase by an average of $360 per month beginning with their April payment. That's more than seven times the average increase Social Security beneficiaries saw due to the 2025 cost-of-living adjustment (COLA).It could drastically improve your quality of life, particularly if you depend on your checks to cover most of your monthly expenses. But you need to be aware of a hidden drawback to this benefit bump.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool