News
Social Security Email About 'Big Beautiful Bill' Tax Changes Sparks Confusion
The SSA’s July 3 email announced that the so-called One Big Beautiful Bill (signed into law by President Donald Trump on July 4) would essentially eliminate federal income taxes on Social Security benefits for most recipients.
Trump’s New Tax Law Could Cut Social Security Taxes For Millions
A new tax break aimed at seniors may lighten the load on retirees’ Social Security income, but it’s not as sweeping or permanent as some headlines suggest. Tucked inside the “One Big Beautiful Bill,” signed into law by President Donald Trump on July 4,
The budget includes a deduction for taxpayers over age 65, starting in 2025. But it would benefit fewer than half of older ...
Recent claims about the elimination of federal taxes on Social Security benefits have caused confusion among American ...
Big changes are happening with Social Security, and you have questions. My recent columns drew thousands of comments, largely centered on three big themes: fear of delayed checks and crumbling ...
If you file an individual federal tax return and your combined income is between $25,000 and $34,000, you may have to pay taxes on up to half of your Social Security benefits.
Social Security is a vital source of income for millions of people. However, when it comes to taxes on Social Security benefits, confusion and misinformation often come into play. One ...
Senator Marshall stated, "By cutting taxes on Social Security, this bill will ensure America's seniors can keep more of their hard-earned money and fix a fundamental flaw in our tax system." ...
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.
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.
I'm now in my 70s, and all of my income is tax free, and I have no required minimum distributions each year. My retired friends who started Social Security at 62, are all struggling to make ends ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback