The bill passed by the House would raise the standard deduction by up to $4,000 for those 65 and over, starting in 2025 to 2028.

Elon Musk has issued a stark warning about the future of social security, health care, and defense funding due to massive deficit spending related to President Trump’s tax plan. The tech billionaire voiced his concerns on his Truth Social website early on June 4,

Elon Musk warns that rising national debt threatens Social Security and health care, criticizing a bill that may worsen the crisis.

The Social Security Administration says it has processed 2.5 million retroactive payments to people previously locked out of retirement benefits.

After dealing with downsizing and frequent changes to policies, employees at the Social Security Administration are reportedly overwhelmed. A huge factor contributing to this stress is the expectation to quickly wrap up all the cases related to the new Social Security Fairness Act.