Congress could look to high earners to help offset lost revenue and possibly shore up the Social Security program.
Sen. Ruben Gallego’s proposal aims to protect seniors’ income while requiring higher earners to contribute more to Social ...
However, instead of eliminating taxes on Social Security benefits, the bill included a new tax deduction for senior citizens ...
Social Security undergoes the same changes each year, but Americans consistently score poorly when quizzed on the retirement ...
The third round of September Social Security payments for retirees aged 70 and above, now capped at $5,108, will be issued in ...
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.
A new bill in Congress could permanently eliminate federal taxes on Social Security benefits — a change that would impact ...
A Democratic senator has taken up legislation that would permanently eliminate federal income taxes on Social Security benefits while raising payroll taxes on wealthy Americans to shore up the program ...
The Social Security Administration on Oct. 10 unveiled a higher threshold for earnings subject to Social Security payroll taxes, known as the "taxable maximum" or "wage base." The limit shifts ...
The Old-Age and Survivors Insurance fund is expected to run out of money by 2033 at the latest, recent reports show.
A new report suggests that taxing employer-sponsored health benefits could provide a boost to the Social Security program.
As a result, many younger workers are reconsidering how they’ll incorporate Social Security into their future financial plans ...