Trump, tax deduction and Social Security
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Millions of SSI, and SSDI recipients are set to receive their August Social Security payment on Wednesday. Here’s the full schedule, average amounts, and what to expect.
The projected 2026 COLA increase is now 2.7%—up from 2.4%, the lowest in years. Here’s how the change affects retiree homeowners.
The SSA reported that it handled more customer requests with shorter waits. Additionally, online transactions were growing, as more people used their personal "my Social Security" accounts to check benefits, update records, apply for benefits, and request replacement cards.
Big changes are coming to Social Security in the year ahead, impacting everything from the size of your benefit check to your full retirement age. Here's what you need to know.
Republicans and Democrats have failed Social Security, and benefits Americans receive could be slashed in as little as 7 years if lawmakers don't act.
The age you begin taking Social Security will have a lifelong impact on the amount you receive each month. Filing as early as possible at age 62 will reduce your payments by up to 30%, while delaying past your full retirement age will earn you a bonus on top of your full benefit.
Social Security changes in 2026 include a COLA increase, higher retirement age, and tax changes tied to Trump’s new law.
Applying early will shrink your checks by up to 30%, depending on how soon you do it. That can cost you tens of thousands of dollars in lost benefits.
The latest Social Security Trustees report has the OASI trust fund running out in 2033. At that point, the Trustees think only 77% of benefits will be payable. Meanwhile, the combined OASI and DI trust funds are expected to run out of money by 2034. At that point, 81% of benefits will be payable.
Silicon Valley elites believe AI will generate massive wealth and propose using it to fund a universal basic income, but a better solution is to use it to fund Social Security.
The second Social Security payment for the month of August is set to be sent to this week. Here's what recipients need to know.
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