For many retirees, discovering that a portion of their Social Security benefits might be subject to federal income taxes can ...

Social Security has long served as a financial safety net for millions of Americans, but the program faces increasing ...

Some retirees are caught off guard when taxes take a bite out of their Social Security. Understanding the IRS formula behind ...

The bill passed by the House would raise the standard deduction by up to $4,000 for those 65 and over, starting in 2025 to ...

The Social Security Administration considers signing up at 62 to be claiming early. It allows you to do so, but you'll face a ...

The answer turns on the basic economics underlying both systems. Social Security is self-funded, mainly by a dedicated payroll tax. Today, the Social Security tax is 12.4 percent of gross wages from ...

If you’re self-employed, you pay Social Security taxes when you file your federal tax return. Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance ...

President Trump during his campaign proposed exempting Social Security from federal income tax. Several lawmakers in Congress have recently introduced legislation that aims to accomplish the same ...

The U.S. House passed the One Big Beautiful Bill Act Thursday. The bill does not eliminate taxes on Social Security benefits, but it does provide other tax relief for seniors. In Vermont ...

When Trump ran for president, one of his key campaign promises was to stop taxing Social Security. Turns out, the current “Big Beautiful Bill” does NOT have any provision for removing Social Security ...

The House passed the One Big Beautiful Bill Act Thursday. The bill does not eliminate taxes on Social Security benefits, but it does provide other tax relief for seniors. In Rhode Island ...

Despite campaign promises, the bill does not eliminate taxes on Social Security benefits. In Massachusetts, over 1.3 million people receive social security benefits, according to Social Security ...