A growing number of retirees have been paying federal tax on their benefits. A new $6,000 per person senior deduction reduce taxes for some seniors, but doesn’t change the way Social Security is taxed ...

The plan would raise key thresholds, end a marriage penalty, extend coverage to U.S. territories, and index changes to inflation.

Sen. Kirsten Gillibrand and other lawmakers announced a push to update and expand Supplemental Security Income (SSI) benefits for seniors and Americans with disabilities. The proposed Supplemental ...

March 8, 2026 - On Friday, U.S. Senator Kirsten Gillibrand (D-NY) joined dozens of House and Senate lawmakers in introducing the Supplemental Security Income (SSI) Restoration Act, legislation that ...

Retirees who collect Social Security benefits should put two dates on their calendar in March. On these days, seniors will receive news that could provide insight into how much their next Cost of ...

Every month, over 70 million retirees rely on their Social Security checks to make ends meet. With the cost of living adjustment (COLA) at 2.8% this year, many seniors find it challenging to stretch ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. DNY59 / Getty Images The 2026 ...

The law provides a new $6,000 deduction for individual seniors and $12,000 for married couples, ensuring that lower and ...