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Using My Social Security: Beneficiaries can enroll for direct deposit and check payment status online. SSA.gov advises keeping personal information up to date, including addresses and payment details.
One of the changes to Social Security this year that will have a "substantial" impact on the program is the Social Security Fairness Act, which went into effect on January 5, the report said.
Additionally, eliminating these taxes would reduce federal revenue by an estimated $1.5 to $1.6 trillion over a decade, potentially accelerating the depletion of the Social Security trust fund ...
The Penn Wharton Budget Model, a University of Pennsylvania think tank that studies fiscal issues, estimates that eliminating income taxes on Social Security benefits would lower federal revenue ...
The Social Security Administration faces a funding crisis. Trustees say the projected shortfall in retirement benefits has risen to $25.1 trillion through 2099, up from $22.6 trillion a year ago.
The judiciary has asked Congress for $892 million for its court security account in fiscal 2026, about a 19 percent increase from fiscal 2025, as well as about $1.8 billion for federal public ...
Social Security will not be able to fully pay monthly benefits to tens of millions of retirees and people with disabilities in 2034 if lawmakers don’t act to address the program’s pending ...
Under the Joe Biden administration, Social Security clawbacks for overpayments were reduced to 10% per check, which is down from the 100% clawback rate that existed when President Barack Obama was ...
The federal government’s sensitive data dilemma For decades, federal agencies have been accumulating on-prem sensitive data, also known as “data hoarding.” ...
The challenge If you've ever looked at a paycheck and wondered what FICA stands for, it's the Federal Insurance Contributions Act. Of your gross wages, 6.2% goes into FICA to pay for Social ...
Under federal rules, up to 85 percent of Social Security benefits are currently taxable for individuals with an income of more than $34,000, or a couple with a combined income of $44,000 or more.