Social Security update: Third round of September payments worth $4,873 go out in five days
The third round of September’s Social Security payments, worth up to $4,873 for the highest-income earners who retire at 70, will go out to the third group of retirees in five days. Here is all you need to know about this month’s Social Security payments,
New Bill Ends Tax on Social Security Benefits, but There's a Catch
Rep. Jefferson Van Drew, R-N.J., has introduced legislation, The Social Security Tax Freedom Act, that would remove the requirement for Social Security benefits to be included in taxable income.
Social Security Update: Lawmakers May Force Vote to Raise Benefits for Some
The Social Security Fairness Act was proposed to reverse the rules surrounding the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).
I’m 20 years older than my wife, who is 53. If she claims Social Security early, will it affect her widow’s benefit?
I am 72 and delayed getting Social Security benefits until I was 70 to increase the benefits. I have remarried, and my new wife is 53. If she starts receiving reduced spousal benefits before reaching her full retirement age,
U.S. House to vote on Social Security benefits for public employees, could aid Louisianans
HR 82 would eliminate the Windfall Elimination Provision, called WEP, and the Government Pension Offset, or GPO, sections of the Social Security law that curbed benefits for about 2.8 million public employees.
Social Security Rules That Can Drastically Increase Your Monthly Benefits
Before retirement, it pays to know your options for Social Security. There are certain rules that can make a big difference in how much you get in each check.
Major future cuts to Social Security benefits
Social Security is a vital source of income for many retirees. According to a recent Gallup poll, 60% of retirees say their monthly Social Security benefits are a major source of income. Another 28% said Social Security played at least a minor role in their budget.
Here’s What Your Social Security Benefit Could Be in 2030
Many retirees rely on Social Security benefits as an important part of their retirement income. According to the Social Security Administration, nearly 97% of older adults ages 60 to 89
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Social Security: What Will Happen to Your October Check if the Government Shuts Down?
With a potential government shutdown days away, will you get an October Social Security check? Here's what you need to know.
Ending the tax on US Social Security income should be part of a broader reform
It is one of those unwelcome surprises that is almost guaranteed to anger people when they retire: income from Social ...
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When You Need to Pay Taxes on Social Security
If you have income from multiple sources in retirement, such as pensions, withdrawals from retirement accounts or side jobs, you may have to pay taxes on part of your Social Security benefits.
Trump promises to halt taxes on Social Security; cites 'inflation nightmare' for seniors
Former President Donald Trump promised no tax on Social Security benefits to help seniors on fixed incomes. He blamed Kamala ...
Trump says he won't tax your tips, OT or Social Security. Why critics see 'gimmicks' and a 'sham'
After cutting taxes mostly for the rich in his first term, former President Trump says he will help others by exempting tips, ...
Social Security COLA could go up 2.5% in 2025, latest estimate shows
The actual cost-of-living adjustment for 2025 for Social Security benefits will be announced in mid-October. Early estimates ...
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Social Security and Your Taxes: Five Things to Know
When it comes to Social Security, there is often confusion and misinformation about how taxes come into play. One common misperception is that Social Security benefits are entirely ...
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What Is the Social Security Tax? Definition, Exemptions, and Example
The Social Security tax is the tax levied on employers and employees to fund the Social Security program in the U.S. The revenue is collected in the form of a payroll tax and a self-employment ...