The tax bill approved by Senate Republicans on Tuesday includes a proposed $6,000 deduction for seniors, the legislative version of President Donald Trump’s 2024 campaign pledge to end taxes on Social ...

Social Security is the backbone of many Americans' retirement plans. More than one-third of adults said the government ...

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's passed by Congress.

For individual filers: If your combined income is less than $25,000, none of your Social Security benefits are taxable. If your combined income is between $25,000 and $34,000, up to 50% of ...

Stock image/file photo: A Social Security card with U.S. Dollars. GETTY What To Know. The deduction begins to phase out at a modified adjusted gross income of $75,000 for individuals and ...

The annual income at which taxes on Social Security benefits kick in would go from $25,000 to $34,000.

Social Security concerns 14:12. Republican-backed legislation approved Thursday morning by House lawmakers includes a number of tax breaks promised by President Trump during the campaign, such ...

Social Security trustees’ report projects that the Social Security Old-Age, Survivors, and Disability trust fund reserves ...

The base amounts based on filing status are: $25,000 if you're single, head of household, or qualifying surviving spouse; $25,000 if you're married filing separately and lived apart from your ...