In 1983, with Social Security's asset reserves virtually exhausted, a bipartisan Congress passed, and then-President Ronald Reagan signed, the Social Security Amendments of 1983 into law. This amendment gradually increased the full retirement age and payroll taxation on working Americans, as well as introduced the utterly despised tax on benefits.

Major Social Security changes under President Trump include raising the retirement age, taxing more income, and reshaping benefits. Here's what it means for Americans.

Concerns that job cuts and policy changes could threaten their benefits seem to be prompting a wave of people to sign up now even though waiting can be lucrative.

President Donald Trump and his administration have been busy changing many things over the past few months. For instance, he's ending paper Social Security checks, requiring electronic fund transfers. That will save the government some money, but close to 500,000 Americans receive paper checks, so the change will be disruptive for them.

Social Security commissioner Frank Bisignano told Fox News on Sunday that eliminating waste, fraud and abuse and saving the agency from insolvency are key priorities.

During his campaign, Trump promised to eliminate taxes on Social Security benefits for seniors. However, the current Republican fiscal proposal tells a different story, offering a modest $4,000 tax deduction instead.

Trump reversed former President Joe Biden's overpayment and recovery rules by implementing a 50% clawback rate on a person's monthly benefit until the overpayment is recovered in full. The president nominated Frank Bisignano to become the new SSA commissioner.

The Social Security Administration (SSA) is undergoing a major overhaul under President Donald Trump and the Department of Efficiency in Government (DOGE).