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.

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.

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.

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.

A pastor in Miami’s Coconut Grove neighborhood is facing federal criminal charges after investigators said he collected on a dead person’s Social Security benefits for more than a decade.

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.

A tussle over a stolen backpack at Casino Miami Monday morning led cops to bust a man with more than two dozen stolen credit, ID and Social Security cards, according to an arrest report.

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.

Terri Lynn Hankerson’s father collected tens of thousands of dollars worth of Social Security benefits from July 2016 to February 2020, according to federal authorities. Problem is — he died in June 2016.

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 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.

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.

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.

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.

The scam involves the Social Security Administration in which you receive an imposter robocall saying your benefits will end. File: LISTEN - FTC Scam RobocallAccording to the FTC:Your Social Security number is not about to be suspended. The real Social Security Administration will never call to threaten your benefits. The real SSA will never tell you to wire money, send cash, or put money on a gift card. The current Social Security scam is the number one scam on the government's radar with nearly 73,000 reports filed in the first six months of 2019.

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.

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.