The Social Security Fairness Act, which eliminated WEP and GPO, led to unexpected tax bills for retirees. A new bill is ...
Retirees could earn more retroactive lump sum payments for the time they missed out on the benefits.
The No Tax on Restored Benefits Act would offer a gross income tax exclusion for retroactive Social Security benefits.
Public sector workers getting restored benefits under last year's Social Security Fairness Act would be spared a tax bill on those benefits under new legislation.
The Social Security Fairness Act provided more than 2.8 million beneficiaries with higher payments. Here's what to know about reporting that income to the IRS.
The Congressional Budget Office now estimates that the Social Security retirement trust fund will run out of money in 2032.
A bipartisan “fix” to Social Security benefits for public-sector retirees could lead to a big tax hit for those Americans. Lawmakers are racing the clock before taxes come due on April 15.
When it comes to Social Security changes, most Americans are focused on high-profile shifts that affect their finances, such ...
Social Security faces a financial crossroads that’s closer than many Americans realize. The retirement program won’t actually “run out of money” since current workers will always pay into the system.
U.S. senators urge SSA to revise retroactive payment policies under the Social Security Fairness Act, opening the road for increased payments to beneficiaries.
If you've been paying attention to Social Security news, you may have heard that the program is on a path to financial ruin.