Crucially, those already on a 10% withholding plan will not be affected by the new 100% withholding rate. However tax refund offsets could begin soon.

Social Security recipients will be happy to hear that most states do not tax benefits. Below are the 41 states (along with Washington, D.C.) that currently do not: Missouri, Nebraska, and Kansas are the newcomers to the list, having eliminated their tax in 2024.

The final round of March Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will go out in three days. Retirees born on or after the 21st of a month will receive their payments on March 26.

One of the biggest voting issues for seniors in last year's U.S. Presidential election was Social Security. There's good reason for that. The government program is essential to the budgets of millions of Americans. Roughly half of people age 65 or older receive 50% or more of their income from Social Security, according to data reviewed by the SSA.

A series of moves, including staff cuts and policy changes, could burden many Social Security applicants and beneficiaries and even threaten the stability of the system.

Donald Trump, former and now the current President of the United States, has been inconsistent with his messaging around Social Security and his ideas for the plan's future. In the past, Trump