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 ...

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 ...

In 1983, with Social Security's asset reserves virtually exhausted, a bipartisan Congress passed, and then-President Ronald Reagan ... to the federal tax rate when provisional income (adjusted ...

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The income tax on Social Security benefits should not be repealed.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 ...

“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 ...

President Donald Trump has pledged to eliminate federal taxes on Social Security benefits, and earlier this year, U.S. Rep. Thomas Massie, R-Ky., introduced a bill to do just that. According to ...