(Tax on wage base: $176,100 x 6.2% = $10,918.20). So, an employee whose salary exceeds the Social Security tax limit by $10,000 would save $620 in Social Security taxes this year. On the other ...

Do you need to file a tax return if you receive Social Security benefits? While a majority of those who get a Social Security check each month do not need to pay taxes on their benefits ...

The Social Security system will begin to run out of money to pay full benefits in 2033, and it’s estimated that, if no fix is ...

If you currently receive Social Security retirement benefits (or will be receiving them soon), below is what you should know about which states may tax your benefits and how they work on the ...

For anyone who depends on Social Security to pay bills (and millions of Americans do), a 21% cut in benefits may be ...

Tax season is in full swing, and if you haven't already filed, it's time to get prepared to do so. Social Security beneficiaries might not have to file taxes this year, but whether you do depends ...

“The need for protecting privacy is drilled into every IRS employee at an early ... and prosecution of non-tax criminal laws” ...

The Trump administration is threatening to all but shut down the Social Security Administration ... that it could apply to any Social Security employee.

Social Security payments are paid out to beneficiaries at different times of the month depending on their birthdate and how long they've been receiving benefits. Tax filing season is officially ...

The Republican-controlled Senate has approved a budget framework that includes multitrillion-dollar tax breaks and spending ...

Some retirees in the nine states that tax Social Security won't have to pay taxes on their benefits. Of the 41 states that don't tax Social Security, 13 don't tax any retirement income.

Fortunately, the list of states that tax Social Security is shrinking, and only nine will do so in 2025. “The list of states that do not tax Social Security is much longer than those that do ...