Tag: Payroll Tax Increase

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Will Social Security Check Stop in 2033? The “Broke” Myth Debunked

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Is Social Security Going “Broke”? The Truth About the 2033 Deadline

the staff of the Ridgewood blog

Ridgewood NJ, Will Social Security benefits be there when you retire? Or will the system vanish just when you need it most?

Pessimism is at an all-time high, fueled by the Social Security Administration’s own reports. The 2025 Board of Trustees report recently dropped a bombshell: Fund reserves are projected to be depleted by 2033—three quarters sooner than previously estimated.

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ANCHOR Property Tax Rebates Delayed Until 2023

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the staff of the Ridgewood blog

Trenton NJ, Senator Declan O’Scanlon highlighted the delayed and failed tax relief in the FY 2023 State Budget that Governor Phil Murphy signed, including a payroll tax increase that takes effect tomorrow, ANCHOR rebates that won’t be delivered until 2023, and child tax credits that won’t help parents until 2024, and tax bracket creep that remains unaddressed.

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Not a Single Democratic Legislator Has Signed Petition to Stop Governor Murphy’s Payroll Tax Increase Next Month

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the staff of the Ridgewood blog

Trenton NJ, Senator Michael Testa (R-1) said that nearly two weeks after a petition was sent to their offices, not a single Democrat in the New Jersey Legislature has signed on to an effort to convene a special legislative session to prevent an upcoming payroll tax increase on employers, repay debt, and restore stability to the state’s Unemployment Insurance (UI) Fund.

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