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Are Seniors Getting a Bonus? Separating Fact from Fiction on New Benefits

According to the Social Security Administration, over 72.5 million Americans received a 2.5% cost-of-living adjustment (COLA) for 2025. However, this adjustment is not a bonus, and as financial news circulates, many wonder, “Are seniors getting a bonus?” The short answer is no, but a new temporary tax deduction is available for eligible older adults, making understanding the details crucial for your financial planning.