Social Security

Millions of Americans relying on Social Security benefits are set to experience significant changes following recent legislative and administrative decisions. These updates will impact benefit calculations, overpayment recoveries, and security measures for direct deposits. Here’s a closer look at these key changes and what they mean for beneficiaries. 1. Repeal of the Windfall Elimination Provision … Read more

On Wednesday, March 19, 2025, millions of Social Security beneficiaries will receive their scheduled monthly payments. The Social Security Administration (SSA) follows a structured disbursement calendar, ensuring beneficiaries receive their payments on predetermined dates. This month, individuals with birthdays falling between the 11th and 20th of any month will see their payments deposited on March … Read more

Recently, many Social Security Administration (SSA) beneficiaries have noticed an unexpected deposit—averaging around $6,000—arriving in their bank accounts. These payments have caused confusion and speculation among recipients, with many wondering whether they are legitimate, an error, or a scam. However, officials confirm that these deposits are real and are part of a broader effort to … Read more

Millions of Social Security beneficiaries across the U.S. will receive increased payments starting in April 2025 due to a combination of Cost-of-Living Adjustments (COLA) and the elimination of certain tax penalties. This boost is expected to provide financial relief to retirees, disabled individuals, and other Social Security recipients. The two key factors contributing to these … Read more

The Social Security Administration (SSA) has reversed its plan to cut several phone-based services after widespread criticism from the public and advocacy groups. The proposed changes, which were first reported in early March 2025, would have restricted telephone assistance for claims processing and direct-deposit transactions. While SSA cited fraud prevention as the reason for the … Read more

Social Security is a critical source of income for millions of American retirees. Any changes to the program can have widespread consequences for those relying on it for financial security. Under President Donald Trump’s administration, several key proposals and enacted reforms have emerged, aiming to reduce taxes on benefits, adjust workforce operations, and address funding … Read more

The Internal Revenue Service (IRS) has issued a strong warning to taxpayers and tax preparers alike: engaging in fraudulent tax schemes or relying on dishonest tax practices could lead to criminal charges, hefty fines, and possible jail time. With tax season in full swing, the agency is stepping up enforcement against tax fraud, including abusive … Read more

The Social Security Administration (SSA) has announced that, effective March 27, 2025, it will revert to withholding 100% of a beneficiary’s monthly payment to recover overpayments. This move follows a temporary policy introduced in March 2024 that limited withholdings to 10% to ease financial hardship on recipients. The decision has sparked concerns among Social Security … Read more

A newly proposed bill, known as the Social Security Expansion Act, aims to provide seniors and beneficiaries with an additional $2,400 annually, translating to $200 per month in increased Social Security benefits. The bill, championed by Democratic lawmakers, seeks to ease the financial strain on retirees who rely on Social Security as a primary income … Read more

Millions of Social Security recipients are set to receive higher benefit payments this week, with some individuals seeing checks of $2,000 or more. The Social Security Administration (SSA) has confirmed that payments will begin on Wednesday, March 12, 2025, as part of adjustments made under the recently passed Social Security Fairness Act. The new law … Read more