Many retirees are taxed on Social Security benefits. Learn how income impacts taxes and how to avoid surprise bills.

The Social Security Administration recently made a slew of changes to reduce costs and improve customer service. President ...

While tax withholding is automatic while working, retirees face the responsibility of ensuring their income is withheld for ...

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.

The SSA's announcement will negatively impact the two million people who benefitted from the Social Security Fair Act passed ...

But whether or not your federally taxed Social Security benefits are also taxed at the state level can affect your budget and quality of life. The good news? Most states won’t tax your Social ...

Withholding even 50% of monthly benefits will “cause hardship for many older and disabled people,” said Kathleen Romig, who worked at the Social Security Administration under O’Malley and is ...

Understanding the intricacies of Social Security taxes and benefits is crucial for financial planning. As the federal ...

Trump is restarting collections on defaulted student-loan balances in two weeks. It could impact federal benefits, like ...

Under the Biden administration, when overpayments happened, the government would reduce beneficiaries payments by 10%.

The federal government sets a limit on the amount of income subject to Social Security tax, which you pay while you work, and is used to fund benefits for current beneficiaries. On ...

The government can seize a borrower's entire federal tax refund, and in some states their state refund, to collect on a defaulted federal student loan. This only applies when the amount borrowed ...