What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is available to people with an adjusted gross incomes of $75,000 or less and ...

The Social Security tax, levied on both employers and employees, funds Social Security and is collected in the form of a payroll tax or a self-employment tax. Definition, Exemptions, and Example ...

The sweeping domestic policy bill that passed the House on Thursday will boost the standard deduction for senior citizens by ...

The Social Security Administration has debunked this repeatedly. According to Social Security’s own inspector general, over seven fiscal years (2015–2022), improper payments totaled $71.8 billion.

President Trump's "big, beautiful bill" included a "senior bonus," a new temporary tax deduction for Americans over 65.

Here's a Social Security simple definition: "To better understand Social Security, it may be helpful to know that the official name is the Old Age, Survivors, and Disability Insurance ...

House witness Dan Turner defends his characterization of Social Security as a 'Ponzi scheme' after a challenge by Rep. Robert Garcia during an oversight hearing.

Does Social Security increase the national debt? It depends on how you define “debt.” The program pays $1.5 trillion a year and aids 70 million Americans.

If you claim the benefit after 67, the check gets larger at a rate of 8% per year. The total Social Security “bonus,” between ages 62 and 70, boosts the monthly payment by about 76%, according ...

Social Security faces a shortfall because the program spends more than it takes in. In 2024, the OASI Trust Fund cost $1,327 billion to administer, but income totaled only $1,224 billion, a ...

The Social Security Administration (SSA) has laid out plans to slash about 12% of its overall workforce, or 7,000 jobs.. Rich Couture, a spokesman for AFGE SSA's General Committee, says more than ...

Social Security cost-of-living adjustment for 2025 Social Security is also increasing by 2.5% in 2025 to account for cost-of-living increases across the country, the SSA announced in last fall.