Retirees whose income exceeds a certain threshold face federal income taxes on their Social Security benefits. But the tax obligations don't stop there for everyone. In some places, you might also owe ...

Once you start receiving Social Security benefits, you’ll owe federal taxes on a portion of the payments if your income exceeds certain thresholds. You might also owe state taxes on the benefits ...

Imagine the headlines: sweeping reform has finally made your Social Security (SS) benefits tax-free. This dream scenario became widespread "fact" following the signing of the "One Big Beautiful Bill" ...

Issuing a paper check costs about 50 cents, according to the Treasury Department. The cost drops down to less than 15 cents per electronic transfer. Tax law experts note that those who could struggle ...

Nine states tax Social Security benefits, but many seniors in these states won't owe any state taxes on their checks. Federal Social Security benefit taxes are more difficult to avoid. You can request ...

LANSING — Michigan's personal income tax returns would mirror federal tax cuts for tips, overtime pay and Social Security, under the budget deal announced Sept. 25 by Gov. Gretchen Whitmer and ...

Social Security income has played a key role in helping retired workers make ends meet. Changes included in President Trump's big, beautiful bill have sped up the timeline to Social Security benefit ...

The Social Security Administration (SSA) just announced two key updates for 2026: the new cost-of-living adjustment (COLA) and the updated Social Security tax wage base. You’ve probably heard a lot ...

Trenton — Gov. Gretchen Whitmer and a bipartisan group of lawmakers crowded into a Downriver diner Wednesday morning to celebrate a new law that next year will exempt tips, certain overtime pay and ...

Despite the 'entitlement' moniker, Social Security and Medicare are both benefits that workers earn. And reverse mortgages can be a strategic tool for certain people. Plus, we're setting the record ...