Achieving financial security in retirement is a top priority for many, and the U.S. Social Security system plays a pivotal ...

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's ...

One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on ...

With the outlook for Social Security's future worsening, the agency's commissioner says he's ready to get to work on fixing ...

Social Security is around 90 years old. And for many decades, the program has been instrumental in helping older Americans ...

Accordingly, a worker's maximum Social Security tax payment (via payroll withholding) in 2025 will be $10,918.20 (6.2% of $176,100). Those who are self-employed would pay both the employer and ...

The GOP tax and spending bill that passed the U.S. House of Representatives included an additional $4,000 tax deduction for people 65 and older. A pending Senate version includes a $6,000 tax ...

There’s a good chance Social Security will become an important source of income for you once you retire. And this holds true ...

Many people spend years working, earning money, and paying taxes on that money. And one benefit you’re supposed to get after ...

The financial future of Social Security is facing heightened uncertainty, with its projected insolvency date now moving up to ...

Trustees of the Social Security trust fund predict the fund will be exhausted in eight years. Unless Congress acts, Social Security payments will automatically drop by 23% at that time.