We are in the middle of an important election year so expect to hear a LOT about Social Security and Medicare as the candidates do battle to see who will be in office next year. In response to the increasing debate about the health of Social … [Continue reading]
The Treasury Department announced today that they will discontinue mailing out paper checks to beneficiaries receiving federal benefits (including Social Security) next year. Once in effect, people who receive Social Security, veteran’s benefits, … [Continue reading]
One of the hot topics of debate in this election year is how to keep Social Security solvent. Every presidential candidate dreams of being the one to save Social Security, so you can be sure that we will be hearing a LOT about Social Security … [Continue reading]
In Is Social Security Disability Taxable I discussed when someone who receives disability benefits might owe taxes on those benefits. Whether your disability is taxable or not depends on what other income you have. To recap… If you are single … [Continue reading]
Update: The payroll tax cut was allowed to expire on December 31, 2012. You should have noticed an increase in your tax withholding on your first paycheck in 2013. In a surprising early decision (for Congress), the 2012 payroll tax cut was … [Continue reading]