Many retirees are surprised to learn that their Social Security benefits can be subject to federal income tax. The IRS ...

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 ...

Spike in early Social Security claims this year points to growing concerns about the health of the Social Security system, ...

His pitch not to tax Social Security benefits takes the form of a bonus $4,000 deduction available to Americans 65 and older, with the benefit shrinking at higher income levels. Americans would ...

A tax plan backed by President Donald Trump has passed the U.S. House of Representatives, but will Social Security recipients get the break they've been waiting for? The plan, dubbed the Big ...

WASHINGTON – The deadline for filing 2024 income tax returns is looming for one group of U.S. taxpayers. For most of us, the deadline for filing 2024 income tax returns was April 15. But for U.S ...

Mr. Trump's suggestion last year that seniors shouldn't have to pay income taxes on Social Security benefits. "Seniors should not pay taxes on Social Security and they won't," Mr. Trump said while ...

Despite campaign promises, the bill does not eliminate taxes on Social Security benefits. It does include a temporary enhanced deduction for seniors and other tax breaks. A tax plan backed by ...

Most U.S. adults said Social Security benefits shouldn’t be reduced in any way – a view broadly shared across ages, racial ...

When Conor and Brianna Fredericks moved from Charleston, South Carolina, to South Charleston last winter, they were preparing for a new chapter. Their first child was due in the spring. On May 13 ...