The No Tax on Restored Benefits Act would offer a gross income tax exclusion for retroactive Social Security benefits.
The Congressional Budget Office now estimates that the Social Security retirement trust fund will run out of money in 2032.
Representatives Gus Bilirakis ( R-FL) and Anna Paulina Luna ( R-FL) are introducing legislation to codify the $6,000 Social ...
A bipartisan “fix” to Social Security benefits for public-sector retirees could lead to a big tax hit for those Americans. Lawmakers are racing the clock before taxes come due on April 15.
Retirees could earn more retroactive lump sum payments for the time they missed out on the benefits.
Business Intelligence | From W.D. Strategies on MSN
Social Security's tax torpedo: The income line that triggers a surprise IRS bill
You spend decades paying into Social Security, planning for retirement, maybe even hiring a financial advisor. Then one day, you file your taxes and discover you owe hundreds more than expected.
An Oshkosh resident calls for action to ensure Social Security's solvency, proposing using tariff revenue to replenish funds and reduce the debt.
A newly introduced bill would prevent some public sector retirees from being hit with a tax bill after they were made eligible for Social Security benefits last year. The bipartisan bill, known as the ...
Most states don’t tax Social Security, but rules vary in the 8 that do. Get up-to-date exemptions, thresholds and new ...
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