Socil Security
Eliminating the Taxable Maximum: An Easy Fix for Social Security? You decide.
During the early months of every year, Social Security solvency conversations frequently single out the provision that exempts wages above a limit—referred to as the taxable maximum—from the FICA/SECA[1] tax assessment. That assessment alone provides more than 90% of the…
Never Worked? You May Still Be Eligible for a Social Security Benefit.
There are circumstances when someone that never worked may still be eligible for a Social Security benefit. The most common one is a spousal benefit (ex-spousal benefits if married at least 10 years). You can receive a Social Security benefit…
Dissecting the “No Tax on Tips” Provision in the Tax Bill
There has been considerable speculation about the Trump Administration’s “Big, Beautiful Bill” and its potential impact on Social Security. Attracting the most attention, naturally, was the disappearance of the “No Tax on Social Security” pledge, which was covered in a…
The Problem With News Headlines These days
Social Security is fairly prominent in the daily news cycle these days, from its looming insolvency to the chaos stemming from office schedules, staffing changes, and revisions to many of the access rules. So it’s little wonder that a headline…