Social Security Fairness Act Calls for 2024 Back Payments

News December 27, 2024 at 01:51 PM
Share & Print

What You Need To Know

  • The SSA has confirmed that the Social Security Fairness Act would provide retroactive payments to those subject to the WEP or GPO in 2024.
  • As of Friday, the legislation has cleared the House and Senate and is awaiting President Biden’s signature.
  • Critics of the rules have long held that the WEP and GPO unfairly punish public sector workers.
/contrib/content/uploads/sites/415/2024/07/05_Social_Security_Card_Money_Shutter_640x640.jpg

What You Should Be Reading

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Immediate Answers to Critical Tax Questions At Your Fingertips

Keep up with the latest tax rules and regulations with weekly, exclusive updates by our Tax Facts experts.

Get More Information

Recently Added Q&As

How are business expenses reported for income tax purposes?
Get Answer
What is a charitable IRA rollover or qualified charitable distribution?
Get Answer
What are the tax benefits that can be realized by providing employee benefits through a cafeteria plan?
Get Answer
What are the Social Security and Medicare tax rates for traditional employees and employers?
Get Answer
What developments have emerged regarding a fiduciary’s consideration of environmental, social and governance (ESG) issues in making investment decisions?
Get Answer
What are the Social Security tax and Medicare rates for self-employed taxpayers?
Get Answer
How is it determined whether a taxpayer is an independent contractor or a common law employee?
Get Answer
What is FBAR, and does a U.S. citizen living in Canada need to be concerned with FBAR requirements?
Get Answer

Related Stories

Resource Center

Recommended For You