Lawmakers in the Senate have unveiled a bipartisan proposal to address Social Security's looming insolvency.
Social Security’s retirement trust fund is projected to face a funding shortfall in 2032, a year earlier than previously expected.
The Social Security Administration plans to cut foot traffic to its field offices by 50% next year.
Some seniors say the Social Security Administration's cost-of-living adjustment won’t help much in their ability to pay for their daily expenses.
A whistleblower says more than 300 million Americans' Social Security data was put at risk after Department of Government Efficiency officials uploaded sensitive information to a cloud account not subject to oversight.
Attorney General Pam Bondi has named the head of the Drug Enforcement Administration, Terry Cole, as Washington’s “emergency police commissioner."
The Regional Communications Office for Social Security announced that the Social Security Office in Danville will be temporarily closed for in-person services.
President Donald Trump keeps saying that Republicans’ mega tax and spending cut legislation will eliminate taxes on federal Social Security benefits.
The go-broke dates for Medicare and Social Security’s trust funds have moved up as rising health care costs and new legislation affecting Social Security benefits have contributed to closer projected depletion dates.
Borrowers who have defaulted on their student loans will no longer be at risk of having their Social Security benefits garnished, an Education Department spokesperson said Tuesday.
A poll finds that as the Social Security Administration undergoes massive changes and staffing cuts ushered in by the Trump administration, an increasing share of older Americans, particularly Democrats, aren’t confident the benefit will be available to them.
Former President Joe Biden warns that President Donald Trump has “taken a hatchet” to Social Security, weighing in on a critical issue for millions of Americans.
The Trump administration has moved to classify more than 6,000 living immigrants as dead.
The Social Security Administration says it is investigating the root cause of website outages that have affected the “my Social Security” portal where recipients access their benefits.
The Social Security Administration said Wednesday that people applying for Social Security Disability Insurance, Medicare, or Supplemental Security Income who are not able to use agency’s online portal, can complete their claim entirely over the phone instead of at an office.
The nominee to lead the Social Security Administration has faced tough questions at his confirmation hearing about efforts by the Department of Government Efficiency to shut down field offices and cut back on phone service.
A federal judge has temporarily blocked Elon Musk’s Department of Government Efficiency from accessing people’s private data at the Education Department, the Treasury Department and the Office of Personnel Management.
New requirements that Social Security recipients go online or in person to a field office to access key benefits, instead of just making a phone call, will pose challenges for many people.
A federal judge has temporarily blocked Elon Musk’s Department of Government Efficiency from Social Security Administration systems that hold personally identifiable data on millions of Americans.
The John F. Kennedy assassination documents released this week disclosed sensitive personal information, including Social Security numbers.
The Social Security Administration’s plan to require in-person identity checks for millions of new and existing recipients has drawn ire from lawmakers, advocacy groups and program recipients who are concerned that the government is placing barriers in front of people seeking to access their benefits.
Twenty-six Social Security Administration offices across the country are expected to close this year, due to actions taken by Elon Musk’s Department of Government Efficiency.
In an effort to limit fraudulent claims, the Social Security Administration will impose tighter identity-proofing measures.
People across the political battleground of Michigan and elsewhere in the U.S. say they're worried about cuts to Social Security.
A federal judge is considering whether to temporarily block Elon Musk’s Department of Government Efficiency from accessing Social Security Administration systems that hold sensitive data on millions of Americans.
Elon Musk says Social Security and other federal benefit programs will be targeted in his hunt for fraudulent spending.
A group of labor unions are asking a federal court for an emergency order to stop Elon Musk’s Department of Government Efficiency from accessing the sensitive Social Security data of millions of Americans.
More than 3.2 million Social Security recipients who received pensions from their time as teachers, firefighters, police officers and other public service jobs will see an immediate boost in their benefits.
The new head of the Social Security Administration says deceased centenarians are “not necessarily receiving benefits."
The Trump administration is falsely claiming tens of millions of dead people over 100 years old are receiving improper Social Security payments.
Nearly 3 million people could receive a boost in Social Security payments under legislation that's set for a final vote in the Senate.
The Senate is pushing toward a vote on legislation that would provide full Social Security benefits to millions of people.
The House is expected to try next week to pass a Social Security-related bill to ensure benefits for workers who are also eligible for other pensions.
Tens of millions of older Americans will see a 2.5% increase in benefits this January when a new cost-of-living adjustment is added to Social Security payments.
Millions of retirees who receive Social Security benefits will see a 2.5% cost-of-living increase to their monthly checks beginning in January.
Social Security recipients are expected to receive a smaller cost-of-living increase in January than in recent years as inflation moderates.
Donald Trump has pledged to end taxes on everything from tips to Social Security and overtime pay if he’s elected to the White House again.
A constitutional challenge to the Biden administration program enabling Medicare to negotiate lower prices for prescription drugs has been revived by a federal appeals court.
JD Vance repeatedly expressed alarm about declining birth rates as he launched his political career with a bid for the U.S. Senate in Ohio.
The Senate will pursue a spending increase next year of about 3.4% for defense and 2.7% increase for non-defense programs under a bipartisan agreement reached by the Senate Appropriations Committee.
If you find yourself in a situation where you think it could be time to file for disability, you will probably have plenty of questions, many of which don’t have simple answers.
States have for decades been using foster children's federal Social Security benefits to help cover the costs of state services.
While many people who develop COVID-19 have mild symptoms that resolve in a few days, there are sufferers -- often called COVID long haulers -- who experience effects for anywhere from weeks to even months after the virus has left their bodies.
A bill to create a bipartisan commission that would tackle the nation’s soaring debt and make policy recommendations to Congress has won approval from a House committee.
Tens of millions of older Americans will see a modest increase in benefits in January when a new cost-of-living adjustment is added to Social Security payments.
The acting Social Security commissioner says a 3_2% increase in benefits next year “will help millions of people keep up with expenses."
Even with new spending restraints included in the congressional debt limit deal, the U.S. government’s deficits are still on course to keep climbing to record levels over the next few decades.
Americans are deeply opposed to cutting into Medicare or Social Security benefits, and most support raising taxes on the nation’s highest earners to keep Medicare running as is.
An annual report on Social Security and Medicare says the financial safety nets millions of older Americans rely on and millions more young people are counting on will run short on funds to pay full benefits within the next decade.
In the federal budget standoff, the majority of U.S. adults are asking lawmakers to pull off the impossible: Cut the overall size of government, but also devote more money to the most popular and expensive programs.
Republican presidential candidate Nikki Haley is proposing changes to entitlement programs for younger generations, opening the door to potential cuts to Social Security and Medicare if elected.
When President Joe Biden suggested that Republicans want to slash Medicare and Social Security it brought howls of protests from the GOP side of the aisle during the State of the Union address.
The news that 70 million people will see an 8.7% boost in their Social Security checks next year came just weeks before Election Day, but it's unlikely to give Democrats the edge they're desperately seeking at the polls.
Tens of millions of older Americans will see a major increase in benefits this January when a new cost-of-living adjustment (or COLA) is added to Social Security payments.
A stronger-than-expected economic recovery from the pandemic has pushed back the go-broke dates for Social Security and Medicare, but officials warn that the current economic turbulence is putting additional pressures on the bedrock retirement programs.
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The sharp shock of the coronavirus recession pushed Social Security a year closer to insolvency but left Medicare’s exhaustion date unchanged, the government reported Tuesday.
Even for those of us who think we have some knowledge about anything tax related, it can be a stressful time. And it's certainly not a time when you want to play a guessing game.
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WASHINGTON – Social Security recipients will get a modest 1.3% cost-of living-increase in 2021, but that might be small comfort amid worries about the coronavirus and its consequences for older people. The economic fallout from the virus has reduced tax collections for Social Security and Medicare, likely worsening their long-term financial condition. The former vice president would raise Social Security taxes by applying the payroll tax to earnings above $400,000 a year. That amount generally increases, so at least some of any additional Social Security raise goes to health care premiums. That prompted Congress to pass recent election-year legislation that limits next year’s premium increase but gradually collects the full amount later on under a repayment mechanism.
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ROANOKE, VA. – The IRS has reversed its decision requiring those on social security to file tax returns in order to receive a stimulus check. Now, they will not have to file a return to receive the money the government is sending out automatically to most people. “We want to make sure these direct deposit payments to Virginians get out with the least amount of bureaucracy as possible. The idea that folks on social security were going to have to go through and file a form made no sense,” said Warner. Social security recipients with direct deposit will have the money automatically deposited into their accounts, others will be mailed a check.
MONTGOMERY COUNTY, Va. - The Montgomery County Sheriff's Office is warning seniors to watch out for a potential government imposter scam. The Federal Trade Commission has received reports of callers claiming to be from Medicare asking people for their Social Security numbers, Medicare numbers and other personal information in exchange for "free" DNA testing kits. Companies are targeting people at senior centers, housing complexes and other community locations to promote "free" genetic testing, cancer screenings or DNA testing. In this scam, the targeted seniors are told that these tests will be covered by Medicare. The FTC is reminding consumers that Medicare does not market DNA testing kits to the general public.
Americans have forfeited at least $450 million this way to government impostor scams since 2014, the FTC said and that only counts the victims regulators know about. Government impostors became the number one source of FTC complaints and now account for the lion's share of impostor scams overall. "Toward the fall, we started to see these scams really, really pick up." Thousands of consumers who reported the scam this year told the FTC they lost money. Last week, the FTC, Justice Department, and various states and local authorities brought nearly 100 cases against alleged robocallers.
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Figuring out what you owe can be complicated, here is some information to understand what is taxable under Social Security. Social Security is taxable at three different levels, based upon how much other income you have and your income tax filing status. This is 50% of your household Social Security benefits plus all of your other taxable income, plus any tax-free income. These breakpoints are the same if your filing status is Married Filing Separately and the couple does not live together during the tax year. If your Provisional Income (defined above) is less than the first breakpoint based on your filing status, then none of your Social Security is taxable.
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