For most retirees, Social Security is more than just a monthly check. Even though the average Social Security check in 2025 is a modest $1,976 per month for retired workers, it represents a financial foundation that many beneficiaries would struggle to live without.

President-elect Donald Trump is set to take office on Jan. 20, and while many Americans are excited about the changes he may make in his second term, others remain anxious. One of the issues that many seniors will be keeping a close eye on over the next four years is Social Security,

President Donald Trump has said that under his second term he would look to eliminate taxes on Social Security income for seniors, which at first glance sounds like a good thing for folks who

In 2025, nine states will impose taxes on Social Security benefits, understanding the specific rules and income thresholds in these states is crucial for reduce.

In 1983, when Social Security's asset reserves were running dangerously low, Congress passed and then-President Ronald Reagan signed the Social Security Amendments of 1983 into law. In addition to gradually increasing the payroll tax on earned income, as well as the full retirement age, it introduced the now-hated taxation of benefits.