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The Social Security Fairness Act (SSFA), which was recently signed into law by President Joe Biden, eliminates rules that reduce Social Security benefits for those who also get income from public...
The measure would increase the burden on Social Security's trust funds, which are already estimated to not be able to pay the full amount of scheduled benefits starting in 2035.
The House-passed Social Security Fairness Act enjoys rare bipartisan support on Capitol Hill, yet the odds of it getting enacted are growing smaller with each passing day.
"In essence, this money has been stolen from all of us for all these years," said an 84-year-old woman whose late husband's Social Security benefits were slashed. "It's not fair."
Every year since the mid-1970s, the law has required the Social Security Administration (SSA) to conduct an annual cost-of-living adjustment (COLA) that increases payments, if necessary, to ensure ...
Social Security's future looks increasingly uncertain. According to the latest trustee report, the program's trust funds will be depleted by 2037, a timeline that could significantly affect anyone ...
It's not a given that you'll pay Social Security taxes on your entire salary. Each year, there's a wage cap put in place that determines how much income is taxed to fund the program. In 2025, that ...
Up to half of your Social Security benefits might be taxable if your provisional income is $25,000 to $34,000 for single filers, or $32,000 to $44,000 for joint filers.