The decrease was not driven by Americans earning less, but was instead attributed to a reduction in Social Security payments.

Starting in August, the Social Security Administration (SSA) will claw back overpayments, potentially reducing recipients’ ...

Key PointsThe Social Security Administration under President Trump has raised the overpayment recovery rate to 50%, and the ...

The President promised no taxes on Social Security. The OBBBA keeps that promise for some taxpayers. It is not, however, a ...

Debt consolidation can simplify your finances, but is it an option if Social Security is your main income source?

Regular payments will continue on their standard schedule throughout July 2025. However, recipients who received overpayment ...

Retirement and disability funds face depletion in the next decade, with Congress urged to act to correct the looming shortfall.

On Sept. 30, the Social Security Administration will no longer issue paper benefit checks. In March, President Trump mandated the transition to electronic payments.

The amount you receive in Social Security is based on two factors: your earnings record and the age at which you file for benefits. But the amount you receive isn't fixed for life. Every year, the ...

Experts say retiree Social Security is still taxable and you'll need to read the fine print to understand your situation and ...

The Social Security Administration, which overpays billions in benefits annually, will start withholding some benefits sent ...

Social Security tax rate . The Social Security tax limit rises to $176,100 for 2025. (The 2024 tax limit is $168,600.) ... Note: Some people don’t have to pay Social Security taxes.