Importantly, RET amounts generally increase each year to account for changes in national wage levels. The trustee estimate ...

While President Donald Trump’s bold campaign promise to eliminate taxes on Social Security benefits appears unlikely for 2025 ...

One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on ...

Although Donald Trump didn't hold up his end of the bargain by eliminating the taxation of benefits, select retirees are ...

The Senate proposal also includes a temporary tax break for older Americans: a $6,000 deduction for individuals age 65 and ...

Some lawmakers have suggested raising the Social Security tax rate. Currently, that tax rate is 12.4% on wages up to a certain cap, split evenly between employers and employees (though self-employed ...

House Republicans pass compromise senior tax relief bill offering $4,000 deduction instead of eliminating Social Security ...

Social Security is a lifeline for millions of Americans, especially amid inflation and looming fund exhaustion. While ...

If you're receiving Social Security payments and owe money to the IRS, it's crucial to understand how your benefits might be ...

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 ...

During his 2024 campaign, Trump vowed to eliminate taxes on Social Security benefits for seniors. Yet, the House's domestic ...

If you're receiving Social Security benefits and owe back taxes to the IRS, it's crucial to understand how much of your ...