Social Security benefits are not taxed in most states, but for 2025, eight states still tax Social Security benefits. (That's ...

If you’re an older adult, a new bonus tax deduction could provide a valuable tax benefit. Here's how it works.

When determining your income taxes in retirement and on your Social Security benefits, the IRS uses your “combined income” and filing status as the two main markers. At $36,000 a year from Social ...

The exact wording of the law actually stipulates a $6,000 tax deduction for individuals aged 65 and older, likely raising the number of seniors who won't pay taxes on Social Security to 88 percent.

The "big, beautiful bill" provides a deduction, but doesn't eliminate the federal tax on Social Security. The amount you owe in federal taxes on Social Security depends on income. State taxes still ...

Last week, the Social Security Act celebrated its 90th anniversary — a milestone for one of the United States’ most important so-called safety nets. The program has lifted millions of older adults out ...

The proposal, called the You Earn It, You Keep It Act, would eliminate federal taxes on Social Security income.

Learn about the Social Security COLA projection for 2026, including what it is, how it's calculated and what it means for ...

If you're withdrawing money from a retirement fund, monitor how those withdrawals impact your adjusted gross income and tax rate. Even after retirement, it's vital to regularly review and adjust your ...

On July 4, President Donald Trump signed the "big, beautiful bill" into law, marking his largest legislation to date. The law includes many provisions, including some that affect Social Security ...