Latest in Social Security Tax
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How to calculate your Social Security tax obligations
Wondering what you'll pay in taxes on your Social Security benefits? Here's how to do the math.CBS News - 22h -
How the Tax Bill Could Impact Your Wallet
Brackets may change. The standard deduction could fall. And President Trump will probably not remove taxes on Social Security income.The New York Times - 2d -
Million-dollar wage earners have already stopped paying into Social Security for 2025
In 2025, Social Security payroll taxes apply to wages up to $176,100. Workers with $1 million in annual wages have already stopped paying those taxes for the year.CNBC - 4d -
Why Social Security’s Future Could Be in DOGE’s Hands
Trump promised that Elon Musk’s DOGE wouldn’t touch Social Security. But DOGE is already making cuts to the agency.Inc. - 3d -
Social Security's plan to get overpayments back
The Social Security Administration (SSA) announced its plan to recover 100% of overpayments to beneficiaries. CBS News' Lindsey Reiser reports.CBS News - 1d -
Elon Musk was right — Social Security is a Ponzi scheme
Social Security is unsustainable. The rare, brave soul who admits this truth can expect to suffer the consequences.The Hill - 5h -
Social Security is about to become a big problem for Trump
As we look to the midterm elections next year, Trump will be dealing with 2.5 million people in Social Security’s disability backlog who aren't receiving a basic governmental function.The Hill - 56m -
Schumer assails Musk for claiming Social Security rife with fraud
Senate Democratic Leader Chuck Schumer (N.Y.) on Tuesday slammed tech billionaire Elon Musk for claiming that Social Security is plagued by widespread fraud and that as many as 20 million “dead” ...The Hill - 1d -
Here's what to know about Social Security's new overpayment rule
The policy could lead to hardship for some elderly Americans, Social Security advocates say. Here's what to know.CBS News - 1d -
Elon Musk Suggests DOGE Team Will Scrutinize Social Security and Entitlement Spending
In an interview with Larry Kudlow, Elon Musk claimed that fraud in Social Security and other major programs was “the big one to eliminate.”The New York Times - 1d -
Social Security payments scrutinized by DOGE amid search for fraud
DOGE is sifting through Social Security payments in an anti-fraud effort that has some worried the administration could deny payments to vulnerable older Americans.ABC News - 2d -
How the Social Security Administration plans to take back overpayments to Americans
The Social Security Administration plans to take back overpayments to beneficiaries from their upcoming checks. CBS MoneyWatch associate managing editor Aimee Picchi has more.CBS News - 20h -
Senators to Trump Social Security nominee: 'You will be responsible' if benefits are interrupted
As the Social Security Administration cuts staff, that could impact the agency's ability to pay millions of benefit checks each month, Democratic senators warn.CNBC - 11m -
White House renews Social Security pledge after Musk comments
The White House is trying to assure Americans that President Trump will not make cuts to Social Security and Medicare after adviser Elon Musk went after entitlement spending. {beacon} Health Care ...The Hill - 18h -
Trump, Musk fuel fears of Social Security cuts with 'fraud' talk
President Trump and his billionaire adviser Elon Musk are ratcheting up false rhetoric about Social Security, repeatedly claiming the program wastes hundreds of billions of dollars in fraudulent ...The Hill - 7h -
Unions ask court to stop DOGE from accessing Social Security data of millions of Americans
A group of labor unions asked a federal court for an emergency order to stop DOGE from accessing sensitive Social Security data.NBC News - 4d -
Rules for repaying Social Security benefits are about to get stricter. Here's what to know
Social Security beneficiaries who receive more money than they are owed will now face a 100% default withholding rate from their monthly checks, the agency said.CNBC - 1d -
Ex-Social Security official describes ‘significant’ risk of sensitive data going to wrong hands under DOGE
Tiffany Flick, a former Social Security official, detailed what she sees as a “significant” risk of sensitive government data heading into the wrong hands under Elon Musk’s Department of Government ...The Hill - 1d -
Rules for repaying Social Security benefits are about to get stricter. Here's what to know.
If you receive more Social Security benefits than you are owed, you may face a 100% default withholding rate from your monthly checks once a new policy goes into effect.NBC News - 1d -
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 - 6d -
White House says Trump won't cut Social Security, Medicare after Musk remarks
The White House on Tuesday asserted President Trump would not cut Social Security or Medicare after tech billionaire Elon Musk's comments about the need to examine entitlement spending gained ...The Hill - 1d -
No, printing your Social Security record won’t protect you — but doing this will
The key to your financial life is more accessible than you realize.MarketWatch - 2d -
Social Security to increase overpayment withholdings to 100% from 10%
The clawback reversal would apply to new overpayments and will save $7 billion over 10 years.MarketWatch - 1d -
Protecting yourself from tax identity theft
Karla Dennis is an enrolled tax agent with KDA Incorporated, a tax strategy business. She joined CBS News to discuss how to protect yourself from someone stealing your identity and filing a tax ...CBS News - 1d -
Behind Ontario's tax on electricity for the U.S.
Canada's Ontario province is charging a 25% tax on electricity sent to the U.S. as retaliation over President Trump's tariffs. CBS News' Shanelle Kaul spoke to Ontario's energy minister, Stephen ...CBS News - 1d -
How the IRS can crack down on ghost tax return preparers
Indeed, thousands of tax return preparers systematically subvert the tax return filing process, rob the Treasury of revenue and undermine taxpayers’ faith in the system.The Hill - 3d -
$1 billion in unclaimed tax refunds to expire soon: How to claim your money
The IRS warns that an estimated $1 billion in tax refunds from the 2021 tax year may become the property of the U.S. Treasury if over 1.1 million Americans do not file their tax returns by April ...The Hill - 1d -
'Wealthy tax dodgers' could benefit from IRS layoffs, Democrats warn
Democrats says "wealthy tax dodgers" could see less IRS scrutiny amid agency layoffs. Here's what to know.CNBC - 1d -
Sweden says Russia is greatest threat to its security
The nation's security service says there is a "tangible risk" of the security situation deteriorating further.BBC News - 1d -
'Wealthy tax dodgers' could benefit from IRS layoffs, Democrats warn
As the IRS faces mass layoffs, Congressional Democrats warn those staffing cuts could undermine the agency’s progress in collecting unpaid funds from “wealthy tax dodgers.”NBC News - 1d -
Should I pay off my tax debt before my credit card debt? Experts weigh in
Focusing on tax debt first can be a smart move, experts say, but that won't be the case for everyone.CBS News - 5h -
21 House Republicans ask leadership to limit changes to energy tax credits in reconciliation
A group of 21 House Republicans is asking a key committee to limit changes to energy tax credits passed under Democrats as the GOP seeks to overhaul the U.S. tax code. In a new letter dated ...The Hill - 2d -
Want to Live Longer, Healthier, and Happier? Then Cultivate Your Social Connections
Chronic loneliness can increase cortisol and inflammation and weaken your immune system, says social scientist Kasley Killiam. She argues it’s time to accept that good quality social connections ...Wired - 5d -
U.S. to restart intelligence sharing and security assistance to Ukraine
The United States will immediately lift a pause on intelligence sharing with Ukraine and resume providing security assistance to Volodymyr Zelenskyy's government.NBC News - 23h -
Scammers Stole Their Retirement Savings. Then the Tax Bill Arrived.
The victims pulled money out of their retirement accounts. The withdrawals had inflated their taxable income, even though the funds quickly disappeared.The New York Times - 4d -
Businesses bemoan Indian ‘tax terrorism’ and red tape
Officials vow to cut bureaucracy and fiscal burden amid fears they could hurt investmentFinancial Times - 3d -
Department of Education offices closed Wednesday for 'security reasons'
The Department of Education told staff in an email Tuesday that its offices would be closed Wednesday for “security reasons.” The email, obtained by NewsNation, said workers needed to leave the ...The Hill - 21h -
Department of Homeland Security begins polygraph tests on employees
Four sources say the Department of Homeland Security has begun performing polygraph tests on employees to determine who might be leaking information to the media about immigration operations. NBC ...NBC News - 2d