Latest News
Confusion on the Payroll Tax Issue Continues
In a post on ocregister.com, Bloomberg reporters Laura Davison and Allyson Versprille take a look at the continuing discussions regarding President Trump’s two-week-old executive order on deferral of payroll taxes, noting that the absence of definitive guidance from the Internal Revenue Service (IRS) on…
The IRS takes new steps to ensure people with children receive $500 Economic Impact Payments
(Source: Social Security Administration_ The IRS has extended its deadline to September 30, 2020 to provide information to the IRS using its IRS’ Non-Filer Tool if you: Continue reading → Notice: The link provided above connects readers to the full content…
Yet Another Scam Warning!
WATE.com’s Don Dare, reporting in a post on their website, outlines the context of a scam alert issued by the Social Security Administration, noting that another wave of false activity in which “fraudulent calls are being made by scammers posing as…
Social Security Benefits: Are Your Ready to File?
It’s a really big decision…one of the most important decisions you’ll make regarding your retirement life. In fact, at the AMAC Foundation’s Social Security Advisory Service, the question of when to file for benefits is the most frequent query we…
Mixed Reactions on Payroll Tax Deferral
The CARES Act provision to allow companies to defer paying employer payroll taxes until as late as the end of 2022 without incurring interest charges is garnering little interest among small businesses, according to an article posted on inquirer.com by Philadelphia…
Working While Drawing Social Security Benefits
In a post today on www.kenoshanews.com, The Motley Fool’s Maurie Backman provides background on Social Security’s provisions that enable beneficiaries to continue in the workforce while drawing benefits. Her article explains that it’s allowable, but also explains the limitations that are in…
A Case for Reducing the Taxation of Social Security Benefits
In an opinion piece published by MarketWatch, the issue of how large the portion of Social Security benefits subjected to federal income taxation should be is addressed. The article is written by Alicia H. Munnell, director of the Center for Retirement…
Implications of a Forced Early Retirement
Earlier this month, the Schwartz Center for Economic Policy Analysis’s (SCEPA) The New School reported that “2.9 million older workers left the labor force since March. These workers are at risk of having to retire involuntarily due to increased health risks coupled…
Impact of Reduced Earnings Levels in 2020 on Social Security Benefits
With unemployment rates nationwide hitting record levels with the pandemic, and with what is proving to be a sustained level of high unemployment and worker furlough situations, many future retirees are understandably concerned about the impact on their future Social…
Calming the Panic Over the Payroll Tax Suspension
Just about everyone who follows Social Security issues these days is well aware of the attention focused on President Trump’s recent executive order calling for a temporary suspension of FICA taxes, the primary funding mechanism for the program’s benefit payouts.…