Social Security, Trump and tax deduction
Digest more
IRS has shrunk by 25%, mostly through voluntary separation incentives, while the Social Security Administration plans to shed 7,000 employees this fiscal year.
13h
Money Talks News on MSNSweeping Changes Hit Social Security: What's Being CutThe Social Security Administration is experiencing its biggest shake-up in years under the new administration.
Earlier this year, President Donald Trump signed an executive order that will end the practice of paper checks being issued for government issued payments.
A ‘sovereign wealth fund’ won’t fill the funding gap and may actually make the problem worse.
13h
Money Talks News on MSNSocial Security at Breaking Point: How Proposed Reforms Will Impact YouHigh-income earners finish paying Social Security taxes after earning $176,100, while average workers contribute all year.
5don MSN
Key Points The Senior Citizen League estimates Social Security benefits will receive a 2.6% cost-of-living adjustment (COLA) in 2026.Social Security's COLAs are based on CPI-W inflation, which is problematic because the CPI-W does not account for the spending habits of seniors.