Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify and claim the deduction when they file their taxes this year.

Social Security beneficiaries could see bigger checks in 2026 as new federal tax changes take effect. Starting January 26, ...

January is an ideal time to do tax planning for income in 2026. Where to begin? Start with these numbers related to ...

Seven states offer exemptions for various forms of retirement income. Nine states don't have any state income tax, which also applies to retirement income. Remember that Federal tax rules apply to ...

Social Security beneficiaries may get good or bad news when they receive Form 1099, which shows the amount of benefits earned in 2025 and their tax liabilities when they file taxes in 2026. Two laws ...

You may not need to pay Social Security tax on all of your earnings if you have a high salary. Workers pay into the Social Security system until their income reaches the Social Security tax limit for ...

Most Americans have to pay Social Security tax throughout their entire working lives but there are exceptions for some students and members of certain religious groups.