Many people see the term FICA on their paychecks without knowing exactly what it means. Far from being just a tax, this code ...

An email from the agency praised the bill, but only some recipients will see savings. Here's what the legislation means for seniors.

With Social Security trust funds estimated to run out in less than a decade, some Americans wonder if Congress will step in ...

An analysis by CRFB finds the Senate's One Big Beautiful Bill Act would hasten Social Security and Medicare trust fund ...

Up to 85 percent of Social Security benefits can be taxed—but a new deduction will reduce how much seniors need to pay.

The Social Security Act was signed into law in August of 1935. As such, the program is coming up on its 90th birthday. But that doesn’t mean the program’s rules haven’t budged since 1935.

The longer Congress waits to act, the more severe the consequences to shore up Social Security's finances will be. Analysts have said it will make it more likely members will need to dip into ...

Last year, the Social Security Trustees projected that the program’s combined trust funds could be out of money by 2035. In their most recent report, they moved that timeline up a year.

Social Security can't run out of money, simply because it gets most of its revenue from payroll taxes. So as long as there's an active labor force, the program can continue to exist.

If policymakers fail to act before 2033, every Social Security recipient’s check will be cut by 23%, according to a 2025 report.

At Social Security’s inception, the payroll tax was set at a rate that would cover about 92% of taxable wage earnings. Today, rising income among the rich has reduced that ratio to only about 82%.

Medicare and Social Security go-broke dates pushed up due to rising health care costs, new SSA law BY Associated Press Washington, D.C. UPDATED 5:08 PM ET Jun. 20, 2025 ...