Legislation
What happened to President Trump Eliminating Taxes on Social Security?
Following its passage in the Senate, H.R. 1 (the “One Big Beautiful Bill Act”)provides a larger standard deduction for seniors 65 and older. According to a post on whitehouse.gov, it is estimated that the “bonus” deduction will result in 88%…
A change is coming to how you can receive your Social Security payments
The issuing of paper Social Security checks is being stopped completely by September 30, 2025. Social Security originally stopped paper checks and went to direct deposit as of May 1, 2011, to reduce cost. Since that time if you wanted…
The Social Security Expansion Act
Without Social Security benefits, about 4 in 10 adults aged 65 and older would have incomes below the poverty line, according to official estimates based on the 2021 Current Population Survey. Social Security benefits provide at least 50 percent of…