The majority of Americans agree that wealthy Americans should pay more in Social Security payroll taxes. Many are against raising the full retirement age (FRA), which would effectively cut benefits for younger workers.

These days, millions of older Americans collect a benefit from Social Security each month. And for many retirees, that benefit is the only income they have to live on. Now the reality is that there needs to be more education about the importance of saving for retirement.

If you're currently receiving or soon will be receiving Social Security retirement benefits, here's what to know about which states may tax you.

Another round of Social Security retirement checks will be paid this week. Why It Matters. Social Security benefits are a vital source of income for tens of millions of Americans.

Discussions around Social Security reform are gaining momentum, with potential changes aimed at providing financial relief to caregivers and older workers in physically demanding jobs. A recent survey by the National Academy of Social Insurance (NASI) suggests strong bipartisan backing for these proposals,

Americans are willing to pay more taxes to protect Social Security benefits for two often-overlooked groups: caregivers and older workers with physically demanding jobs. A recent National Academy of Social Insurance (NASI) survey shows that 85 percent of respondents support raising taxes to secure the program’s longevity.

Americans who have federal tax debt could see their cheques for February 2025 canceled if federal tax debts are not cleared. Other requirements that all recipients must fulfill are related to age and credit score.