The program’s finances could take another hit if some of the president’s tax proposals are passed. What to know about claiming early.

In 1983, when Social Security's asset reserves were running dangerously low, Congress passed and then-President Ronald Reagan signed the Social Security Amendments of 1983 into law. In addition to gradually increasing the payroll tax on earned income, as well as the full retirement age, it introduced the now-hated taxation of benefits.

President Donald Trump has tapped businessman Frank Bisignano as the Social Security Commissioner. What could that mean for you?

President Donald Trump has tapped businessman Frank Bisignano as the Social Security Commissioner. What could that mean for you?

In a social media post, Donald Trump said seniors shouldn't pay any taxes on Social Security. He was referring to the Social Security benefit taxes that seniors owe if their incomes exceed certain thresholds.

Now that Donald Trump is has started his second term as president, backed by a Republican-controlled House and Senate, there has been a lot of talk surrounding Social Security. Specifically,