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Social Security, federal income taxes

Social Security letter on taxes sends confusing message, some experts say

The Social Security Administration says most won’t pay federal income taxes on their benefits. But Congress didn’t directly exempt those payments from taxes.

CBS News on MSN · 1d

Does the "big, beautiful bill" eliminate taxes on Social Security?

What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is available to people with an adjusted gross incomes of $75,000 or less and $150,000 or less for couples filing jointly. The deduction is set to expire in at the end of 2028.

NBC News on MSN · 1d

Social Security Administration sends misleading email lauding Trump's new tax cuts law

The emails say nearly 9 in 10 Social Security beneficiaries won’t pay income taxes on their benefits in the future. But the Trump tax law did not directly address Social Security.

Over 1 million face Social Security garnishment this Jul.

Newsweek on MSN · 1d

Some Social Security Recipients Will See Wage Garnishment in Just Weeks

Roughly 2 million Americans owed money to the Social Security Administration due to overpayments in 2023, according to KFF and Cox Media group. Starting July 24, the higher wage garnishments will go into effect until the full overpayment has been resolved.

CNET · 21h

Social Security July 2025: Your Money's on the Way This Week

The second round of Social Security payments for the month of July are headed out. Here's when you can expect your check.

Washington Examiner on MSN · 19h

First round of July Social Security payments goes out in four days

The first round of July’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will be distributed in four days. When does the check arrive? Social Security payments typically begin on the second Wednesday of every month,

13m

President Donald Trump's Flagship Tax and Spending Bill Is One, Big, Broken Promise for Social Security Retirees

Trump's exclusion of an oft-touted Social Security proposal will be highly unpopular but is absolutely necessary.

22h

Latest 2026 COLA estimate: What a 2.5% Social Security raise could mean for you

The official COLA won't be announced by the Social Security Administration until October, but it's worth paying attention to ...

ConsumerAffairs11h

U.S. retirement age rising again as Social Security faces funding pressures

Lots of changes in store for Social Security recipients as more people rely on a system that's operating above capacity. Full ...

22hon MSN

Social Security: There's a Silver Lining in the Otherwise Bleak Projection for 2026's COLA

Based on the inflation data we have for the year so far, the nonpartisan Senior Citizens League, an advocacy group, is ...

14hon MSN

My wife and I have $7,000 a month in pensions and Social Security, plus $140,000 cash. Can we afford to retire?

I am contemplating retiring at the end of the year. I’m married and will receive two monthly pension payments; $3,600 from ...

21hon MSN

Philadelphia woman’s life turned upside down after Social Security deems her dead — and she’s not the only one

R enee Williams was very much alive and living in West Philadelphia when she discovered a serious problem. Her bank accounts, ...

Explícame on MSN1d

Recovery of Social Security Overpayments: What You Need to Know About the New 50% Rate

The Trump administration's recent adjustments to Social Security overpayment recovery rates have significant implications for ...

15hon MSN

‘Today is my 61st birthday’: I have my ex-spouse’s Social Security benefits. Should I retire at 65 and travel?

If you can keep working while looking after your health, do it. You get 100% of your Social Security benefit at full ...

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Social Security, federal income taxes

Over 1 million face Social Security garnishment this Jul.

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