Obama: Social Security Checks Will Stop When Debt Ceiling Is Reached. WASHINGTON -- President Barack Obama said Thursday that while it's bad members of Congress have allowed a government shutdown, it would be worse if they failed to increase the government's borrowing authority later this month.
Respite Care. Respite Care is short term care, usually only a few days at a time, provided for children who have significant needs. These may include developmental delays, mental health or behavioral issues, and special health care needs. Respite Care provides a needed break to parents and care givers. Payment for Respite Care is considered taxable income.
The amount of Social Security income which is taxable depends on your taxable income. Most high-income retirees will have 85% of Social Security benefits taxable. For lower-income retirees, less than 85% will be taxable, but many retirees in a 15% tax bracket will face a marginal tax rate much higher than 15%. Social security benefits are also taxable in some states (see Figure 1.)