Individuals 65 and older who file singly have a total deduction of $23,750 starting in 2025, including the $15,750 standard deduction, the $2,000 existing senior deduction, and a new $6,000 senior ...

"What do you mean I'm paying taxes on my Social Security benefits?" some will no doubt ask. Already in July, I've spotted social media posts by tax professionals who dread the day when ...

Starting in 2025, the first $12,500 of overtime pay for single individuals (or $25,000 for married couples) will not be subject to Social Security and Medicare taxes.

This list of states that tax Social Security benefits has been shrinking. As of 2016, for example, 13 states taxed Social Security.

The bill may have tax sweeteners, but it will also limit healthcare affordability and access to long-term care.

President Trump’s One Big Beautiful Bill delivers the largest tax cuts in decades. But the benefits aren’t evenly distributed ...

Partisans will disagree over how "beautiful" President Donald Trump’s "Big Beautiful Bill" is. But there’s little question that Trump’s signature tax and spending legislation is "big." Since Trump ...

A man in Ohio received contradicting letters from the Social Security Administration, one saying he is getting a lump sum ...

The bill includes several tax-related initiatives, one of which is the elimination of tax on tips. Here's what to know.

A recent report finds that Social Security covers only about 30% of retirees’ expenses on average in the largest U.S. cities.

NORTH CAROLINA, USA — President Donald Trump’s recently signed “Big Beautiful Bill” includes significant tax changes aimed at benefiting seniors, particularly those receiving Social Security. A recent ...

The cost-of-living adjustment (COLA) for Social Security payments in 2026 could increase by 2.6 percent, according to a new ...