February’s Supplemental Security Income payment, worth up to $967, will go out to millions of beneficiaries in nine days. The next SSI payments are scheduled to be distributed on Jan. 31. SSI payments are given to people living with debilitating disabilities that affect their income, according to the Social Security Administration.
Every year, the Social Security Administration, or SSA, examines inflation data and adjusts Social Security benefits accordingly. In short, the annual cost-of-living adjustment, or COLA, is designed to help retirees keep up with the rising cost of goods and services.
President Donald Trump declared on Truth Social, "SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!" That might sound like a blessing for retirees on fixed incomes -- who happen to
Retirees who stop working at the Full Retirement Age, currently set at 67, can receive a maximum benefit of $4,018 per month. If benefits are claimed at the earliest possible age of 62, that maximum payment drops to $2,831.
President Donald Trump's mass deportation plans could have a significant economic side effect: draining Social Security funding.
All federal and state courts will be closed for the day as well. While the United States Postal Services stops its services on Martin Luther King Jr. Day, FedEx will remain open and deliver packages as regularly scheduled.
The Social Security taxable wage base increased from $168,600 in 2024 to $176,100 in 2025. This is the amount of your annual income subject to Social Security payroll taxes if you're working. The tax rate is currently 12.4%, but if you're traditionally employed, you only pay half of that while your employer covers the other half.
Migrants paid more than $25 billion toward Social Security in 2022 although they can’t collect retirement benefits.
As an American taxpayer, you’ve likely heard about Social Security your entire working life, and perhaps even bemoaned the amount of taxes that are subtracted from your paycheck. However, as you ...
Undocumented workers often pay taxes that help fund programs like Social Security — even if they can’t collect from them in the future.
In most cases, you can collect certain types of Social Security benefits if you retire or live abroad, but there are some exceptions. Here's what you need to know.
President Joe Biden recently signed the Social Security Fairness Act, which eliminated the Government Pension Offset and Windfall Elimination Provision rules. Biden touted the bill as a way