Republican-backed legislation approved Thursday morning by House lawmakers includes a number of tax breaks ... President Ronald Reagan introduced taxes on Social Security income above a certain ...

Republican-backed legislation approved Thursday morning by House lawmakers includes a number of tax breaks ... President Ronald Reagan introduced taxes on Social Security income above a certain ...

Income tax on Social Security benefits for individuals earning over $25,000 began under President Ronald Reagan and Alan Greenspan in 1983 to help cover the shortfall in the Social Security trust ...

Currently, up to 85 percent of Social Security benefits can be subject to federal income tax, depending on total income. Some 40 percent of benefit recipients currently pay federal income taxes on ...

Social Security benefits are taxed based on a unique tax rate applied to combined income — or the sum of adjusted gross income, nontaxable interest and half of Social Security benefits.

The income tax on Social Security benefits should not be repealed. In fact, it should remain. In 1984, the tax was introduced in an effort to fix the program’s finances. Currently, about 27 ...

Last month, April, was National Social Security Month. I hope you enjoyed it and attended many Social Security parties. If not, perhaps you at least took a moment to appreciate the security it ...

Under the GOP proposal, approximately 25 million returns would still include Social Security benefits in AGI and owe tax, mainly because of other income sources. Around 24 million would see those ...

“Seniors, like my aunt who had to take a job as a door greeter at Walmart to supplement her Social Security income after the loss of her husband, will receive much needed tax relief,” he sai ...