Colorado exempts all federally taxable Social Security income for residents 65 and older. Starting in 2025, those aged 55-64 can exclude all such income if their AGI is under $75,000 ($95,000 for ...

The Clintons' joint tax returns from 2008 through 2015 (PDF), when they were eligible to collect benefits, show no Social Security income. George H.W. and Barbara Bush did not claim benefits as of ...

Treasury Secretary Scott Bessent has suggested eliminating federal taxes on Social Security benefits. The potential change could provide immediate financial relief for millions of retirees while ...

The Social Security shortfall date just moved a little bit nearer. New federal projections, released on June 18, show that the combined Social Security trust funds will pay 100% of benefits until 2034 ...

The Social Security Administration faces a funding crisis. Trustees say the projected shortfall in retirement benefits has risen to $25.1 trillion through 2099, up from $22.6 trillion a year ago.

Other income that goes into the calculation to determine whether Social Security benefits are taxable includes money you'd withdraw from a 401 (k) plan, wages, dividends, capital gains, as well as ...

Fortunately, as long as Americans continue to work and pay their taxes, there will always remain a source of funding for Social Security. The program’s interest income, however, will decline as the ...

With so much uncertainty surrounding Social Security and its solvency over the next 10 years, there is ongoing discussion about what, if any, steps should be taken. Short of a quick, bipartisan ...

Social Security payments will be distributed on the regular schedule in June. Recipients will receive their payments based on their birth date, starting June 11th. No Supplemental Security Income ...

Despite these potential savings, many seniors may see little to no benefit. Lower-income retirees already pay no federal tax, while wealthier seniors may exceed income limits and find themselves ...

President Trump promised to eliminate taxes on Social Security benefits. Instead, the House tax-and-spending bill includes a half measure. The legislation passed by the House last week would give ...

For many middle-income seniors, the deduction provides modest help. A married couple with $48,000 in Social Security and $50,000 in pension income currently pays tax on two-thirds of their benefits.