The Social Security Fairness Act provided more than 2.8 million beneficiaries with higher payments. Here's what to know about reporting that income to the IRS.
Several senators are calling on the Social Security Administration to reconsider what they say is a flaw in the implementation of the law.
A new bipartisan bill would exempt retroactive Social Security payments from federal taxes, easing a surprise financial burden for millions of retirees.
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Got a Social Security boost last year? Beware of this tax trap in 2026
Millions who received a Social Security boost from the 2025 Fairness Act could face a surprise tax bill. Learn about the tax ...
The Social Security Administration has released a new expedited timeline for when more than 3.2 million individuals will see one-time payments and higher benefit checks following the enactment of a ...
The Social Security Administration has now processed about 91% of cases related to a new law that is prompting higher benefits and lump-sum retroactive payments for nearly 3 million people, according ...
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Social Security's 'lump sum' option: why taking a check now could cost you later
You can get up to six months of retroactive benefits in a lump sum from Social Security, but should you?
I’ve read that the Social Security Administration offers a lump-sum payment to new retirees who need some extra cash. I haven’t yet filed for my retirement benefits and would like to find out if this ...
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