Social Security Taxes Under Trump‘s proposal to eliminate income taxes on Social Security benefits has sparked debate, with new analysis highlighting potential financial challenges for both the Social Security Administration and future retirees. Why Social Security Taxes Matter Social Security supports over 67 million Americans financially, but many recipients pay taxes on their benefits. These … Read more
Before Valentine’s Day, many retirees in the U.S. will receive their next Social Security retirement payment. For those who meet certain requirements, a payment could be as high as $1,800. However, not everyone will get it right before the special day. To get your payment by February 12th, 2025, you’ll need to be in the … 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
If you’re an immigrant living in the U.S. whether you’ve been here for years or just recently arrived, you may have wondered if you qualify for Social Security benefits, especially if you’re facing financial challenges. The answer is, yes, certain immigrants can qualify, but there are some important rules you need to understand. We’ll break … Read more
Many seniors wonder if they Will Social Security Automatically Enroll You At 70? The answer is no, so if you’re approaching this milestone, you’ll need to take action yourself. One nice feature of Social Security is that it doesn’t lock all seniors into one specific filing age. You can claim benefits as early as age … Read more
Social Security is a crucial part of retirement security for millions of Americans. However, with a funding shortfall threatening future benefits, many are looking for solutions. A recent survey highlights that Americans Willing to Raise Tax to Save Social Security far outnumber those who support benefit cuts. This signals strong public backing for tax-based solutions … Read more
Former President Joe Biden recently signed the Social Security Fairness Act into law. While the law is expected to bring financial relief to millions of public workers, implementing it isn’t going to be quick or easy. The Social Security Administration (SSA) has shared some key details in a new FAQ, outlining the hurdles they face … Read more
Alaska’s U.S. senators are calling for the swift implementation of a recently passed law that expands Social Security benefits for thousands of Alaskans. Senators Lisa Murkowski and Dan Sullivan, along with 26 other members of Congress, have sent a letter to the Social Security Administration (SSA), demanding immediate action to enforce the new legislation. What … Read more
Many people have been concerned about whether a Government Shutdown Could Affect Social Security Checks. According to the Social Security Administration (SSA), benefits will continue, but some agency functions may be disrupted. In the U.S., one in five elderly individuals depends on Social Security for at least 90% of their income. While benefit payments are … Read more
The Supplemental Security Income (SSI) payment for February 2025 was issued on January 31. However, recipients can expect the March payment a day earlier, on February 28, 2025, instead of the usual March 1st. This marks a significant payday for eligible recipients, as they will receive their checks or direct deposits on this day. Who … Read more