The Trump administration, alongside billionaire Elon Musk’s Department of Government Efficiency (DOGE), has initiated major cuts to the Social Security Administration (SSA). While they claim the goal is to eliminate fraud and improve efficiency, these reductions are raising concerns about their potential effects on beneficiaries and the agency’s workforce. Key Highlights: Workforce Reductions and Restructuring … Read more
The Internal Revenue Service has started IRS Mass Layoffs, cutting thousands of jobs and sparking uncertainty, especially during tax season. Reports indicate that around 7,000 workers—nearly 7% of the agency’s workforce—are being let go as part of a large-scale restructuring effort. Most of the layoffs are hitting the enforcement and collections divisions, which handle audits … Read more
If you’ve received a tax refund, there’s a chance Elon Musk could have access to your Social Security number, bank account details, and routing numbers. The same applies if you’re paying off a student loan or a government-backed mortgage. Even if you receive Social Security, Medicaid, or food stamps, your personal information could be within … Read more
Recently, Elon Musk reacted to reports that some people over 150 years old are receiving Social Security benefits. His response? “If they are, they should be in the Guinness Book of World Records—or probably dead.” This statement sparked widespread debate. The Social Security program in the U.S. is meant for retirees, people with disabilities, and … Read more
Social Security is a crucial source of income for millions of retirees in the U.S. However, experts warn that the program is running out of money and may have to reduce benefits in the next decade. While some suggest raising the retirement age or cutting payments, economist Teresa Ghilarducci believes the best solution is to … Read more
Tax season is already stressful enough, and now Elon Musk has stirred up even more confusion. On Monday, he tweeted that IRS Direct File had been “deleted.” If true, this would mean millions of taxpayers could lose a free way to file their taxes. But is it really gone? The short answer: not yet. As … Read more