Trump, Child tax credit and Big Beautiful Bill
Digest more
President Trump during his campaign proposed exempting Social Security from federal income tax. Several lawmakers in Congress have recently introduced legislation that aims to accomplish the same goal.
Major Social Security changes under President Trump include raising the retirement age, taxing more income, and reshaping benefits. Here's what it means for Americans.
Concerns that job cuts and policy changes could threaten their benefits seem to be prompting a wave of people to sign up now even though waiting can be lucrative.
President Donald Trump and his administration have been busy changing many things over the past few months. For instance, he's ending paper Social Security checks, requiring electronic fund transfers. That will save the government some money, but close to 500,000 Americans receive paper checks, so the change will be disruptive for them.
The House passed a sweeping Trump-backed bill that could strip Medicaid from over 7 million Americans. Here's what you need to know.
The proposal in the House's spending and tax cut plan, which Trump supports, offers a deduction for seniors worth a small fraction of what he repeatedly promised.
Trump reversed former President Joe Biden's overpayment and recovery rules by implementing a 50% clawback rate on a person's monthly benefit until the overpayment is recovered in full. The president nominated Frank Bisignano to become the new SSA commissioner.
A federal judge said the president likely needs to seek congressional cooperation for such widespread changes.
Trump has said for months that he wanted to end the federal income tax on Social Security benefits. About 6.3 million Californians receive Social Security benefits.
1d
MiBolsilloColombia on MSNTrump changes his stance: Proposed Social Security adjustments during campaign, what's happening now?During his campaign, Trump promised to eliminate taxes on Social Security benefits for seniors. However, the current Republican fiscal proposal tells a different story, offering a modest $4,000 tax deduction instead.