President Trump promised to make major tax cuts for Americans on the campaign trail, vowing to cut taxes on tips and overtime pay, social security taxes, and reduce corporate income taxes.

The House is expected to try next week to pass a Social Security-related bill to ensure benefits for workers who are also eligible for other pensions.

Trump ad playing around the country claims Kamala Harris "wants struggling seniors to pay more social security taxes while she gives medical and social security to illegals". The claim is dubious as Harris is only calling for a payroll tax cap to be lifted which would affect working Americans who make more than $168,000.

A 30-year-old woman faces over 25 years in prison after she was accused of defrauding the Small Business Administration through a Paycheck Protection Program (PPP) loan, along with stealing victims' Social Security numbers, and wire fraud.

Tens of millions of older Americans will see a 2.5% increase in benefits this January when a new cost-of-living adjustment is added to Social Security payments.

Millions of retirees who receive Social Security benefits will see a 2.5% cost-of-living increase to their monthly checks beginning in January.

Social Security recipients are expected to receive a smaller cost-of-living increase in January than in recent years as inflation moderates.

Donald Trump has pledged to end taxes on everything from tips to Social Security and overtime pay if he’s elected to the White House again.

A constitutional challenge to the Biden administration program enabling Medicare to negotiate lower prices for prescription drugs has been revived by a federal appeals court.

The Florida Department of Health is sending out notices to people whose personal information was stolen and released by hackers in June.

JD Vance repeatedly expressed alarm about declining birth rates as he launched his political career with a bid for the U.S. Senate in Ohio.

A hacking group claims to have the personal information of 2.9 billion people.

The Senate will pursue a spending increase next year of about 3.4% for defense and 2.7% increase for non-defense programs under a bipartisan agreement reached by the Senate Appropriations Committee.

States have for decades been using foster children's federal Social Security benefits to help cover the costs of state services.

Anyone who tells you to buy gold, or withdraw cash, and give it to someone is a scammer, the Federal Trade Commission warns.

The trustees for Social Security and Medicare warn policy changes are needed or else the programs won't be able to pay full benefits to retiring Americans.

The go-broke dates for benefit programs Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report.

The fastest-growing age group in the workforce isn’t teens or new college graduates, it’s people over 75.

A bill to create a bipartisan commission that would tackle the nation’s soaring debt and make policy recommendations to Congress has won approval from a House committee.

Tens of millions of older Americans will see a modest increase in benefits in January when a new cost-of-living adjustment is added to Social Security payments.

The acting Social Security commissioner says a 3_2% increase in benefits next year “will help millions of people keep up with expenses."

Social Security's cost-of-living increase for 2024 will be announced Thursday.

Even with new spending restraints included in the congressional debt limit deal, the U.S. government’s deficits are still on course to keep climbing to record levels over the next few decades.

Americans are deeply opposed to cutting into Medicare or Social Security benefits, and most support raising taxes on the nation’s highest earners to keep Medicare running as is.

An annual report on Social Security and Medicare says the financial safety nets millions of older Americans rely on and millions more young people are counting on will run short on funds to pay full benefits within the next decade.

In the federal budget standoff, the majority of U.S. adults are asking lawmakers to pull off the impossible: Cut the overall size of government, but also devote more money to the most popular and expensive programs.

Former Vice President Mike Pence is calling for “common sense and compassionate solutions” to reform entitlement programs and the nation’s debt burden.

Republican presidential candidate Nikki Haley is proposing changes to entitlement programs for younger generations, opening the door to potential cuts to Social Security and Medicare if elected.

It seems no one wants to cut Social Security or Medicare benefits.

Republican Sen. Rick Scott of Florida has amended a plan to overhaul how the federal government works after Democrats repeatedly seized on it to accuse Republicans of looking to cut Medicare and Social Security.

The Congressional Budget Office says it expects the U.S. economy to stagnate this year.

President Biden is speaking in Tampa about his plans to strengthen Social Security and Medicare and make health care more accessible by lowering costs.

President Joe Biden is taking direct aim at Republicans who have floated cuts to Social Security and Medicare.

When President Joe Biden suggested that Republicans want to slash Medicare and Social Security it brought howls of protests from the GOP side of the aisle during the State of the Union address.

A section of the new $1.7 trillion spending bill from Congress has been billed as a dramatic step toward shoring up retirement accounts of millions of workers.

Higher prices throughout much of 2022 have taken their financial toll on older adults in particular.

The news that 70 million people will see an 8.7% boost in their Social Security checks next year came just weeks before Election Day, but it's unlikely to give Democrats the edge they're desperately seeking at the polls.

Tens of millions of older Americans will see a major increase in benefits this January when a new cost-of-living adjustment (or COLA) is added to Social Security payments.

Starting in 2023, millions of Social Security recipients will get an estimated $140 extra a month in benefits.

Millions of Social Security recipients will get an 8.7% boost in their benefits in 2023.

It’s not just old people who will get what’s expected to be the largest cost-of-living adjustment in Social Security benefits in 40 years.

A stronger-than-expected economic recovery from the pandemic has pushed back the go-broke dates for Social Security and Medicare, but officials warn that the current economic turbulence is putting additional pressures on the bedrock retirement programs.

Olivia and Liam are once again America’s most common baby names.

Despite the fact that Social Security covers just 40% of retirement income, Transamerica Center for Retirement Studies discovered that 24% of workers have no retirement strategy beyond counting on Social Security, while 67% of workers said they don’t have a written retirement plan.

The head of a Senate panel that oversees Medicare says the Biden administration should cut back a hefty premium increase soon to hit millions of enrollees.

Rising inflation is expected to lead to a sizeable increase in Social Security’s annual cost-of-living adjustment, or COLA, for the year 2022.

The sharp shock of the coronavirus recession pushed Social Security a year closer to insolvency but left Medicare’s exhaustion date unchanged, the government reported Tuesday.

Even for those of us who think we have some knowledge about anything tax related, it can be a stressful time. And it's certainly not a time when you want to play a guessing game.

WASHINGTON – Social Security recipients will get a modest 1.3% cost-of living-increase in 2021, but that might be small comfort amid worries about the coronavirus and its consequences for older people. The economic fallout from the virus has reduced tax collections for Social Security and Medicare, likely worsening their long-term financial condition. The former vice president would raise Social Security taxes by applying the payroll tax to earnings above $400,000 a year. That amount generally increases, so at least some of any additional Social Security raise goes to health care premiums. That prompted Congress to pass recent election-year legislation that limits next year’s premium increase but gradually collects the full amount later on under a repayment mechanism.

Another round of stimulus payments expected to hit bank accounts no later than next weekPublished: April 27, 2020, 6:03 pmRelief is on the way for some people who are still waiting for their $1,200 stimulus check, specifically for those non-filers on Social Security or disability.

JACKSONVILLE, Fla. – Relief is on the way for some people who are still waiting for their $1,200 stimulus check, specifically for those non-filers on Social Security or disability. The next round of money is expected to hit bank accounts no later than next week. If you already receive direct deposit from Social Security, veteran benefits or disability, the Internal Revenue Service now has your information. According to the U.S. Department of the Treasury, Social Security, survivor and disability non-filers will see their payments by May 5, if not sooner. If you are not signed up for direct deposit, stimulus checks have already started to go out.

TALLAHASSEE, Fla. - Implemented in 1935, Social Security distributes hundreds of billions of dollars to senior citizens and people with disabilities throughout the nation every year. Social Security turned 84 on Wedesday. Seniors throughout Florida held birthday celebrations for the program that benefits more than half a million people in the state. Their motto: Cut the cake, not Social Security. More than 578,000 Floridians received nearly $325 million through Social Security in 2017 alone.

Americans have forfeited at least $450 million this way to government impostor scams since 2014, the FTC said and that only counts the victims regulators know about. Government impostors became the number one source of FTC complaints and now account for the lion's share of impostor scams overall. "Toward the fall, we started to see these scams really, really pick up." Thousands of consumers who reported the scam this year told the FTC they lost money. Last week, the FTC, Justice Department, and various states and local authorities brought nearly 100 cases against alleged robocallers.

JACKSONVILLE, Fla. – A woman has been indicted on charges of fraudulent use of a Social Security number and aggravated identity theft, according to the U.S. Attorney's Office for the Middle District of Florida. Prosecutors said Elizabeth Farina-Torres, 42, an "undocumented alein" who is a citizen of the Dominican Republic, has been charged with five counts of fraudulent use of a Social Security number and five counts of aggravated identity theft. In about 2008, Farina-Torres began using a Social Security number belonging to a U.S. citizen with a similar name and the same date of birth, according to court documents. Hospital records showed that the person who had used the Social Security number was Farina-Torres. The Clay County Sheriff's Office learned during the investigation that Farina-Torres had used the victim's Social Security number at an Orange Park rental furniture store in April 2015.

By April 2019, Medicare cards will no longer show Social Security numbers, the Fernandina Beach Police Department said Monday. Hang up if someone calls, claiming to be from Medicare, asking for a Social Security number or any bank information. Medicare won’t call you and ask these questions. Having your Social Security number removed from your Medicare card helps fight medical identity theft and protect your medical and financial information. For more on the new changes to your Medicare card, visit Centers for Medicare & Medicaid Services.

Figuring out what you owe can be complicated, here is some information to understand what is taxable under Social Security. Social Security is taxable at three different levels, based upon how much other income you have and your income tax filing status. This is 50% of your household Social Security benefits plus all of your other taxable income, plus any tax-free income. These breakpoints are the same if your filing status is Married Filing Separately and the couple does not live together during the tax year. If your Provisional Income (defined above) is less than the first breakpoint based on your filing status, then none of your Social Security is taxable.