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

The final round of June’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, ...

The tax deduction is not for all Social Security recipients. It would not apply to dependents, deceased workers’ survivors or disabled workers.

One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on ...

Some income sources won't reduce your Social Security check if you claim early. Learn which types of income are excluded from ...

The majority of Social Security recipients do not pay state taxes on their retirement income. As it stands, only nine states ...

Social Security faces 20% benefit cuts by 2034. Experts say a solution is easy, yet political inaction threatens the future ...

Although Donald Trump didn't hold up his end of the bargain by eliminating the taxation of benefits, select retirees are ...

Social Security is funded through a dedicated payroll tax, meaning that employers and employees each pay 6.2% of wages up to the taxable maximum for the given year. For 2025, the maximum is $176,100.

This “do-over” allows you to amass a higher payout later on, according to the usual Social Security benefit adjustments.

Homeowners are awaiting the launch of the state’s first year of the Stay NJ property tax benefit. The new tax break cuts ...