Bill proposes end to state taxes on social security benefits
Vermont legislators are calling for support on a bill (H.74) that would gradually end state taxes on social security benefits.
Paying Social Security Tax? Here’s How It’s Calculated
Social Security tax, officially known as the Old Age, Survivors, and Disability Insurance (OASDI) tax, is a mandatory payroll tax. Employers and employees each contribute 6.2% of the employee’s income,
Social Security Payments: Millions May Not Receive Boost For Over A Year
Callers to the SSA hear a message about the Social Security Fairness Act, intended to reduce long and frustrating wait times for those seeking information on the new law. However, more than 7,000 people per day still choose to wait for a live representative, leading to a backlog that is expected to grow in the coming weeks and months.
Social Security Fairness Act’s boosted payments may be a year away
Social Security beneficiaries who stood to see a boost in payouts as the result of a law approved earlier this month may have to wait a little longer than expected for higher payments. Under
Social Security Retroactive Payments and 2025 Increases Are Delayed
Over three million retirees who worked in the public sector, or are entitled to spousal or surviving spousal benefits, will see delays as the SSA manually adjusts benefits as a result of the Social Security Fairness Act.
Social Security Fairness Act: Will You Qualify for Back Payments?
The Social Security Fairness Act repeals two provisions that will give qualifying individuals more money and potential back payments. Here's what you should know.
The New Social Security Law May Boost Your Benefits—What One Expert Wants You To Know
Investopedia spoke with Isabel Barrow at Edelman Financial Engines to discuss the changes the new Social Security Fairness Law will bring and the impact it could have on retirees.
Social Security Payment This Week: Up to $967 To Be Sent Out
This Friday, January 31, SSI payments will be made to claimants across the U.S. from the Social Security Administration (SSA). Usually, SSI payments are made on the
Should You Claim Social Security at the Same Time as Your Spouse? Here's How to Know.
For one thing, you get the company of someone else at a time when you're not busy working every day and you may have a greater need for company. Also, if both you and your spouse have savings, you can pool that money and stretch it by sharing expenses like housing and transportation.
Are You Eligible for the 2025 Maximum Social Security Benefits? Find Out Now
Fact checked by Giselle Cancio Social Security is many people's primary source of income after retirement, but not everyone will receive the maximum amount. In 2025, lifelong high earners who wait until age 70 to claim their benefits can qualify for up to $5,
Trump's Tax Plan Could Slash Social Security Benefits 33% By 2035, Ramsey Show Host George Kamel Weighs In
President Donald Trump's tax proposals are reigniting concerns about the future of Social Security. During his campaign for ...
2 Social Security changes that could hurt you financially, if you're still working
One positive aspect of Social Security is that the program is set up to adapt to economic changes. Each year, for example, ...
New tax cuts could have huge implications for Social Security
Social Security payments have been helping seniors supplement their retirement income since the Social Security ...
Social Security Is Set to Run Out of Money in 2034. Here's Why That's Probably Too Optimistic.
The program's total costs became higher than its total income in 2021, but its costs have been higher than the trust funds' non-interest income since 2010. This means the program is currently ...
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What you need to know about the Social Security Fairness Act
On January 5, 2025, the Social Security Fairness Act was signed into law, marking a major reform for public sector workers, ...
Trump's no-tax-on-overtime proposal: What to know
President Donald Trump has pledged to end taxes on overtime pay, as well as other things like tips and Social Security.
Here's How to Collect Social Security Without Working a Day in Your Life
Qualifying for Social Security benefits in retirement generally goes something like this: Work and pay taxes on your income.
Tax scam season: Officials urge residents to beware of fraudulent calls and threats
While you're gathering your tax documents, there are scammers out there who want your money just as much as you do.