How About We Delay Social Security In Return For A Delayed 401k Tax?
A federal government that helped itself to unspent Social Security taxes in the past will now reverse the process whereby general tax revenues (and yes, borrowing) will cover what Social Security tax collections do not. In other words, there are no benefit ...
How Unauthorized Immigrants Help Finance Social Security Benefits
Undocumented workers often pay taxes that help fund programs like Social Security — even if they can’t collect from them in the future.
States that tax Social Security in 2025
Social Security is a lifeline for many retirees, especially those with lower incomes. Understanding how to maximize these benefits and navigate the tax implications is essential for financial stability in retirement.
Social Security Update: Recipients to Get $4,320 in Backdated Payments
The Social Security Fairness Act is now law, and a year of backdated payments await nearly 3 million Americans.
Here are five changes affecting Social Security recipients in 2025
Social Security recipients are getting a cost-of-living adjustment, starting this month, but that’s not the only change to the nation’s retirement system.
This Is the Average Social Security Benefit for Age 67
For most people reading this (those born in 1960 or later), full retirement age for the purpose of Social Security benefits is 67 years old. So, how much does the average person get at age 67? The short answer is that the average 67-year-old retired worker gets $1,
Second round of January Social Security payments goes out tomorrow
The second round of January’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will go out to the second group of retirees tomorrow. Here is all you need to know about this month’s Social Security payments,
Retiring Soon? 4 Important Things to Know About Social Security in 2025
Social Security is a big deal, delivering retirement benefits to more than 50 million retirees annually along with disability and survivor benefits to millions more. The retiree benefits alone total nearly $100 billion annually.
Sneaky Social Security Tax Exemptions You May Be Missing
There are many exemptions to pay attention to with Social Security tax, including these important options that can save you money.
Social Security Redetermination: Who is Eligible
The Social Security Redetermination process is a crucial mechanism to ensure that beneficiaries of the Supplemental Security Income (SSI) program receive fair and accurate benefits. This periodic review helps maintain the integrity of the system by verifying eligibility and adjusting payments based on current financial circumstances.
Warning of a ‘silver tsunami,’ Gov. Cox looks to end Social Security income tax. Will Utah lawmakers buy it?
Eliminating Social Security income tax is a key part of Utah Gov. Spencer Cox's $30.6 billion fiscal 2026 budget proposal and ...
3 Ways President-Elect Donald Trump May Change Social Security and Their Consequences for Retirees
In a social media post, Donald Trump said seniors shouldn't pay any taxes on Social Security. He was referring to the Social ...
No taxes on Social Security checks? Here’s what Trump’s campaign promise could mean for American retirees in 2025 (and beyond)
President-elect Donald Trump has made a bold promise to eliminate federal taxes on Social Security benefits. For millions of retirees, it’s an enticing idea, conjuring visions of bigger monthly checks ...
New Social Security benefit increases for nearly 3 million Americans may trigger higher tax bill, Medicare premium costs
Nearly 3 million Americans are poised to see bigger Social Security benefit checks. For some, that could trigger larger tax ...
3 Ways to Boost Your Retirement Income Without Holding Off on Claiming Social Security
First, many retirees elect to downsize. If you're still paying for your home, moving to a smaller house or apartment could ...
What Donald Trump’s Presidency Could Mean For Social Security
President-elect Donald Trump's plans to protect Social Security benefits could give retirees more money in their pockets, but ...
Biden signs Social Security Fairness Act into law: What to know
President Biden signed legislation into law over the weekend to expand Social Security benefits for droves of Americans. The ...
Social Security Update: Economist Warns Trump Plan May Speed Up Insolvency
Francois Melese warned in a recent op-ed of the damaging effects of Trump's plan to end Social Security taxes.