President Donald Trump has only been in office a few days, but he hit the ground running. He's already made good on some of his campaign trail promises via executive orders. But so far, there hasn't been any movement on his pledge to eliminate the Social Security benefit taxes that many seniors pay.

Louisiana Senator Bill Cassidy said the Social Security Administration must implement the Social Security Fairness Act as quickly as possible.

Social Security benefits are eligible for a cost-of-living adjustment (COLA) each year so that they have a chance to keep up with inflation. In 2025, Social Security got a 2.5% COLA. While you may be inclined to put that into the "bad news" category, here's why that would be wrong.

The date your February Social Security benefit arrives depends on what day of the month you were born. Payments follow the month they are due, so your February check is for January.

Those who are unable to work in retirement may be eligible for other government benefits, depending on their income. Supplemental Security Income (SSI) is for the blind and disabled as well as low-income seniors. It provides a monthly check worth up to $967 per month for a qualifying individual or $1,450 per month for a qualifying couple.

If you and your spouse have a nice amount of money saved up, then you may decide that you'll each claim Social Security as soon as you're able to — meaning, at age 62. And if you're the same age, that would have you filing for benefits at the same time.

There’s a rumor circulating that Social Security is headed toward bankruptcy. And thankfully, that rumor isn’t true. Social Security can’t completely go bankrupt because it gets funded by payroll taxes.

The maximum monthly SSI benefit for 2025 is $967 for an individual and $1,450 for a couple, compared to $943 and $1,415, respectively, in 2024. The increase resulted from a 3.2% Cost of Living Adjustment that started at the first of the year.

The White House rescinded a pause on all Federal grants and loans, but the short-lived action shined a light on what could come in the future.

On Tuesday, the Trump administration sent a memo to millions of federal workers offering a “deferred resignation,” which would allow them to leave their jobs immediately while retaining all pay and benefits for roughly eight months.

Although the president railed against collective bargaining agreements signed at the Social Security Administration and the Education Department shortly before his inauguration, it’s unlikely any of those deals will be upended by the measure.