President Donald Trump signed a bill that includes a tax deduction for seniors, but not the elimination of taxes on Social Security benefits. The deduction is temporary, lasting only through 2028 ...

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 Social Security Trustees just moved up the timeline for the program's trust fund depletion date. Benefit cuts could now be on the table within a decade. Lawmakers have managed to prevent ...

Social Security is on track to deplete its trust funds by 2034, one year sooner than previously forecast, when the federal retirement program will be required to cut monthly benefits by about 20%.

While Social Security is in no danger of insolvency, its existing payout schedule, including annual cost-of-living adjustments (COLAs), is at risk of being cut in the near future.

According to the worksheet, $3,000 of the Social Security benefits would be taxable. Add that to the $19,000 in pension and interest income and the taxpayer has $22,000 in adjusted gross income.

The Social Security Board of Trustees said last week that the program’s combined trust funds will run out of money in 2034 — one year earlier than was projected in 2024.

The trust funds that help pay Social Security benefits to millions of Americans are due to run out of money in less than a decade. In an annual report released on Wednesday, trustees of the Social ...

Ida Mae Fuller got the first Social Security check in 1940. Now, 85 years later, the last beneficiaries to receive paper Social Security checks will get theirs in the mail in September.

Other changes to Social Security in 2025 include a smaller cost-of-living adjustment (2.5%, down from 3.4%), an increase in the maximum taxable earnings limit from $168,000 to $176,100, and ...

Social Security is an important source of income for millions of retirees. However the program has a lot of ins and outs, and even longtime beneficiaries may not know them all.