Trying to keep up with changes can be a lot to digest, but focusing on the most impactful can help you stay informed without being overwhelmed.

As it is, Social Security replaces only about 40% of an average earner's pre-retirement wages. A 19% cut on top of that could leave countless seniors with inadequate funds to cover their expenses.

For some Social Security recipients, benefit checks might arrive in a lesser amount in the coming months. Meanwhile, some others may have recently gotten a bump in their benefits.

The senior bonus deduction, Watson points out, applies to any source of taxable income that a taxpayer who is 65 or older has and may not necessarily eliminate all tax on Social Security benefits ...

Federal taxes on Social Security benefits are paid by about 40% of the roughly 70 million people who receive monthly benefits. Taxes kick in when a single filer’s exceeds $25,000.

Today, high-earning couples who maximize their Social Security benefits can expect to receive more than $90,000 in annual benefits, noted Biggs and another former deputy commissioner, Jason ...

A Social Security office in Milwaukee. The agency praised the Trump administration’s sprawling budget and tax bill in an email that went out on Thursday. Sara Stathas for The New York Times ...

The President promised no taxes on Social Security. The OBBBA keeps that promise for some taxpayers. It is not, however, a blanket (or permanent) exemption.

For some Social Security recipients, benefit checks might arrive in a lesser amount in the coming months. Meanwhile, some others may have recently gotten a bump in their benefits.

Since the act became law on Jan. 5, 2025, the agency has received more than 278,000 new claims from people with pensions from work not covered by Social Security and has processed 92% of these ...