A 2024 Congressional Research Service report found that the overall share of Social Security benefits paid as federal income taxes rose from 2.2% in 1994 to 6.6% in 2022.

Those taxes directly support the Social Security and Medicare programs, providing about $50 billion in annual revenue, according to the latest annual report from Social Security's board of trustees.

In each of the previous 85 years -- i.e., since the first retired-worker benefit check was mailed -- the Social Security Board of Trustees has released an annual report intricately detailing how ...

In just 19 of the cities SmartAsset analyzed, Social Security checks make up more than half of retirees' total income, and those places are home to some of the lowest-earning retirees overall.

Since 1940, the Social Security Board of Trustees has released an annual report that intricately details how the program generates income and where every dollar of its outlays (i.e., benefits and ...

Social Security's 2026 COLA estimate is pegged at 2.2% after March's inflation report. But experts say Trump tariffs may influence the final COLA.

For many recipients, Social Security benefits represent a sizable chunk of their income. In 2022, Social Security made up at least half of total personal income for 38.3 million people, or 63.2% of ...

The 1983 reforms also gradually increased the Social Security payroll tax rate from 10.4% to 12.4% by 1990, and for the first time levied federal income taxes on higher-income retirees' benefits.