Latest in How much of your Social Security income is taxable
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How much of your Social Security income is taxable?
You may be required to pay taxes on a portion of your Social Security benefits. Here's what you can expect to pay.CBS News - 6h -
How to reduce your taxable income
Contributing to your retirement plans, considering health savings accounts and donating to charity may help reduce your taxable income. Bankrate's Kemberley Washington joins CBS News with tips.CBS News - Feb. 25 -
Can your Social Security benefits be garnished by a debt collector?
If you receive Social Security and owe debt collectors money, your benefits could be at risk. Here's why.CBS News - Feb. 27 -
Mortgage rates are falling. Here’s how much income you need now to buy a house for $250,000, $400,000 and $1 million.
Mortgage rates fell for the sixth week in a row, offering more financial relief to home buyers.MarketWatch - 5d -
How much of your paycheck should go to credit card debt?
If you put more than this amount toward credit card debt each month, you may want to consider other solutions.CBS News - Feb. 24 -
How many people over 100 receive Social Security benefits?
Here's how many Social Security retirement checks go out to people 99 and older. Hint: It's far fewer than Trump claims.The Hill - Feb. 21 -
Why you won't receive a Supplemental Security Income check in March
It's the latest blip in the payment schedule but don't worry — beneficiaries will still receive all of their payments.The Hill - Feb. 25 -
Sanders reintroducing measure increasing Social Security benefits
Sen. Bernie Sanders (I-Vt.) is reintroducing a measure that would increase Social Security benefits. Sanders is joined by Sen. Elizabeth Warren (D-Mass.) and Reps. Jan Schakowsky (D-Ill.) and Val ...The Hill - Feb. 27 -
Social Security notifies employees of 'significant workforce reductions'
The Social Security Administration (SSA) is notifying employees of “significant workforce reductions” on the way as it prepares for what it describes as an “agency-wide organizational ...The Hill - 6d -
Social Security Administration to Cut Roughly 7,000 Workers
The agency is also restructuring and closing six of 10 regional offices that coordinate and provide support to employees who serve beneficiaries.The New York Times - 6d -
Social Security Administration says it's identified $800M+ in savings
The Social Security Administration (SSA) said in a release that it has identified more than $800 million in savings or “cost avoidance” for fiscal 2025 among information technology, grants, ...The Hill - 2d -
Social Security Workers Aren’t Allowed to Read This Story
New internet restrictions at the embattled SSA have cut off access to WIRED, along with other “general news” websites like The Washington Post and The New York Times.Wired - 6h -
US will not give Ukraine security guarantees ‘beyond very much’, Trump says
US president’s comments come as countries prepare to sign deal on critical mineralsFinancial Times - Feb. 26 -
President Trump should combine extending tax cuts with fixing Social Security
It would be good fiscal policy and probably good politicsMarketWatch - Feb. 23 -
This trend has important implications for Social Security’s full retirement age
New data show strong relationship between earnings and life expectancyMarketWatch - Feb. 25 -
Here's what upcoming budget negotiations may mean for Social Security
Benefit cuts are off the table for now in upcoming budget negotiations, experts say. But the agency may continue to struggle with customer service woes.CNBC - Feb. 25 -
Social Security boost for more than 3.2 million coming in April
Social Security Administration says it is immediately starting to pay retroactive benefits due to more than 3.2 million retirees.CBS News - Feb. 25 -
Social Security checks will be coming for these previously ineligible workers — as early as this week
The agency has been working on adjusting benefits after the repeal of WEP and GPO.MarketWatch - Feb. 26 -
Social Security Administration offering voluntary buyouts ahead of expected layoffs
The Social Security Administration is offering payouts to employees who voluntarily resign from the federal agency, ahead of what they warn will be "significant workforce reductions."CBS News - 6d -
Can you collect Social Security if you owe back taxes?
If you're trying to collect Social Security benefits, it's important to know how your tax debt could impact that.CBS News - 6d -
Social Security Administration sets ‘massive’ reorganization, ‘significant’ job cuts
The Social Security Administration announced a “massive” reorganization and “significant” job cuts on Thursday that critics said could increase customer-service wait times and make it more ...MarketWatch - 6d -
Social Security workers warn job cuts could hurt service for Americans
"We are already short-staffed as it is,"one Social Security Administration employee said of the agency's plans to slash its workforce.CBS News - 6d -
Trump and Musk’s Social Security ‘chainsaw massacre’ makes no sense
Donald Trump’s decision to apply his chainsaw to the Social Security Administration will do nothing to shore up the program’s finances — or help balance the federal budget.MarketWatch - 5d -
Johnson rules out entitlement cuts but ‘waste and abuse’ in Social Security will be targeted
House Speaker Mike Johnson (R-La.) on Meet the Press says cuts to federal entitlements like Medicare, Medicaid and Social Security are off the table but “we need to target” any “waste and abuse” ...NBC News - 4d -
Musk calls social security 'greatest Ponzi scheme of all time'
After Elon Musk's DOGE team sent out a second email to millions of workers over the weekend demanding a list of accomplishments or risk getting fired, Democrats warned that Musk may next turn to ...NBC News - 3d -
Social Security chief's work with DOGE raises concerns, Warren says
Acting Social Security commissioner Lee Dudek is facing questions from Sen. Elizabeth Warren over his reported actions.CBS News - 3d -
Do you need to file taxes if you're on Social Security?
Social Security benefits are handled differently than regular income by the IRS, which can make tax season tricky.CBS News - 3d -
O'Malley: DOGE cuts could soon trigger Social Security system 'collapse'
Martin O’Malley, the former commissioner of the Social Security Administration (SSA), said Monday the recent cuts made by tech billionaire Elon Musk's Department of Government Efficiency (DOGE) at ...The Hill - 3d -
Social Security and Sex Robots: Musk Veers Off Script With Joe Rogan
Elon Musk’s three-hour interview with “The Joe Rogan Experience” offered a window into his worldview that was by turns crude and contradictory.The New York Times - 2d -
Social Security is sending retroactive payments. Here's what to know.
The agency said it has so far sent retroactive benefits to more than 1 million people due to the Social Security Fairness Act.CBS News - 2d -
If you’re disabled and self-employed at 66 — is Social Security the only option?
Is disability only for those under 65?MarketWatch - 2d -
Fact-checking Trump's claims on Social Security fraud, DOGE cuts
President Trump made claims during his address to Congress about apparent fraud in the Social Security system. Mr. Trump also touted the work by the Department of Government Efficiency, which is ...CBS News - 1d -
With Musk Targeting Social Security, Democrats See a Political Opportunity
Democrats argue that Elon Musk’s criticism of the program and push to squeeze savings from it is a prelude to benefit cuts. Republicans and President Trump say they plan no such thing.The New York Times - 1d -
Is Social Security money going to 'millions' of people listed as old as 149?
Trump drew laughs during his congressional address Tuesday when he alleged that the Social Security Administration (SSA) had millions of beneficiaries listed at 140 years of age and older. But is ...The Hill - 22h -
Social Security Administration bars employees from reading the news at work
The Social Security Administration wrote in a Thursday morning email that employees can no longer read news websites on work devices.NBC News - 4h -
Social Security Administration bans reading 'general news' at work
The Social Security Administration (SSA) has banned reading “general news” websites at work, The Hill has learned. "Social Security employees should be focused on mission-critical work and serving ...The Hill - 1h -
How much will a $10,000 CD earn by 2026?
You could see hefty returns on a CD at today's rates. Here's how much interest a $10,000 deposit could earn.CBS News - Feb. 21 -
How much does tax relief cost (and is it worth it)?
If you owe money to the IRS, tax relief could be worth considering, but there are extra costs that come with it.CBS News - Feb. 26