News

For decades, U.S. taxpayers have paid into Social Security with each paycheck, only to discover later that up to 85% of those ...
Lawmakers have introduced a new bill that aims to permanently end taxes on Social Security benefits. High-income earners may ...
A new legislative proposal would permanently eliminate taxes on Social Security benefits, and expand payroll taxes to ...
However, instead of eliminating taxes on Social Security benefits, the bill included a new tax deduction for senior citizens ...
President Donald Trump's recently signed tax legislation, often referred to as the "big beautiful bill," offers some relief ...
Social Security has undergone many changes this year, largely due to President Donald Trump's One Big Beautiful Bill Act, which implemented tax deductions ...
A new bill in Congress could permanently eliminate federal taxes on Social Security benefits — a change that would impact ...
Now, Sen. Ruben Gallego, D-Arizona, introduced a bill on Thursday — titled the You Earn It, You Keep it Act — to eliminate ...
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.
In addition to nixing federal taxes on benefits, the proposal would raise the Social Security payroll tax cap to include annual earnings over $250,000.
The new bill comes as the Social Security trust fund approaches possible depletion and as Congress faces mounting pressure.
Pa., has introduced the Social Security Child Protection Act, which is aimed at safeguarding children from identity theft ...