Senior citizens are getting a tax break in President Donald Trump’s sweeping tax and spending cuts package, but it’s not the ...

The SSA’s July 3 email announced that the so-called One Big Beautiful Bill (signed into law by President Donald Trump on July ...

Trump promised to eliminate the tax on Social Security benefits in his 2024 campaign, but the bill instead adds a new ...

Recent claims about the elimination of federal taxes on Social Security benefits have caused confusion among American ...

The budget includes a deduction for taxpayers over age 65, starting in 2025. But it would benefit fewer than half of older ...

President Trump's promise to eliminate taxes on Social Security benefits faced a roadblock due to Senate rules. Instead, ...

Larry Kotlikoff: Back in 1983, Congress passed a bill reforming Social Security in which they planted a time-bomb with respect to taxing Social Security benefits under the income tax.

Kelly Phillips Erb is a Forbes senior writer who covers tax. Each year, about 64 million people collect Social Security benefits: about one family in four receives some kind of Social Security ...

The bulk of that FICA tax — 6.2% — funds Social Security benefits. The balance —1.45% — applies to all wages, even those above $147,000, and helps fund Medicare.

You might have heard about a specific age when Social Security benefits become tax-free. It may have been 70, 72, or even 65. Well, whatever age you’ve had in mind, it's time to put this Social ...

Levine emphasized a crucial point: if Social Security is the sole income source and it's limited to $26,000 or $27,000 annually, the recipient will likely owe $0 in income tax.

Larry Kotlikoff: Back in 1983, Congress passed a bill reforming Social Security in which they planted a time-bomb with respect to taxing Social Security benefits under the income tax.