Project proposes that Social Security taxes be eliminated, what should you know?
A recent legislative proposal aims to alleviate the tax burden on Social Security benefits, promising financial relief for millions of retirees. However, the potential impact on the Social Security trust fund and national deficit raises questions about the bill's long-term viability.
Social Security Bill Could See End to 'Double Tax' on Recipients
A bill brought to the House of Representatives by Republican lawmakers would amend the tax code to remove taxes on Social Security benefits.
Opinion
Americans Would Pay Higher Taxes to Save Social Security
Voters are clear in how they want Congress to shore up the massively popular program’s deteriorating finances, but lawmakers don't seem to be listening.
Social Security: The Stealth Way You May Be Getting Double Taxed
The problem is that depending on your income, you may also be paying taxes on your Social Security benefits as a retiree. And in a way, that's double taxation. You paid taxes on your wages to qualify for Social Security, and now you're paying taxes on the benefits you qualified for.
Social Security Taxes to Change Under New Bill: Here's Who's Impacted
A new bill introduced by U.S. Senators Roger Marshall and Marsha Blackburn proposes significant changes to Social Security taxation, promising financial relief for millions of retirees. While proponents hail it as a long-overdue measure to boost retirement income,
Sen. Marshall introduces bill to cut Social Security taxation
Kansas Sen. Roger Marshall has introduced a bill that would cut taxes for many individuals who rely on Social Security benefits. Marshall, alongside Marsha Blackburn (R-TN), introduced the Reducing Excessive Taxation and Inefficiencies by Reforming Elder Exemptions to Support Fairness,
A Big Social Security Change Proposed by President Donald Trump May Be Bad News for Retirees
Importantly, Trump is not the only politician to float that idea, nor is support limited to one political party. For instance ...
Goodbye to Social Security income taxes: this is the new proposed law that would affect millions of retirees and their IRS payments
Republicans are working on another round of tax cuts and Trump wants them to include his promised elimination of taxes on ...
What is the Social Security Fairness Act? How does it affect my social security benefits?
For his last term in office former President Joe Biden sign a new social security measure to ehance benefits for millions of ...
2 more Social Security changes are planned for 2025. Here's what Arizonans must know
Changes are coming to Social Security in 2025 that may cause issues for top and low end earners. Here's what Arizona ...
The Savings Game: Answering questions about the Social Security Fairness Act
Q. I receive a survivor benefit based on my husband’s work under Social Security. I receive a pension from my work as a ...
Social Security funding crisis looms as baby boomers retire
Social Security gets the bulk of its funding from payroll taxes. And while that revenue stream is set to continue, in the ...