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.

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.

The House bill modifies the government’s definition of taxable income, allowing a “bonus” deduction of up to $4,000 for single filers 65 and older. The change would apply for the 2025 to ...

In 1983, with Social Security's asset reserves virtually exhausted, a bipartisan Congress passed, and then-President Ronald Reagan signed, the Social Security Amendments of 1983 into law.

The House bill modifies the government’s definition of taxable income, allowing a “bonus” deduction of up to $4,000 for single filers 65 and older. The change would apply for the 2025 to ...

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 strict rules for who can get SSDI benefits. You may be eligible for SSDI if you: Meet the SSA’s definition of disability (or blindness) Have enough work ...

Democrats have cited several concerning actions taken by the Trump administration with regard to the Social Security Administration. In late February, the SSA announced it would cut 7,000 jobs ...

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 ...