Below are the 41 states (along with Washington, D.C.) that currently do not tax Social Security benefits: States have been progressively eliminating their Social Security taxes, so even if you're in ...

A recent report showed that about two-thirds of retired Americans say they rely on Social Security “substantially,” while 21% ...

Experts say retiree Social Security is still taxable and you'll need to read the fine print to understand your situation and what you should withhold.

Have an issue with your financial advisor or looking for a new one? Email questions or concerns to picks@marketwatch.com.

No provision in the new tax bill makes Social Security benefits tax free. Social Security benefits began being taxed at the federal level in 1984 to shore up the Social Security trust fund, which was ...

Trump says 'no tax on Social Security' with reconciliation bill. That's not true for everyone. If Your Time is short As a 2024 candidate, Donald Trump promised to end the taxation of Social Security.

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 Social Security benefits.

Eliminating taxes on Social Security benefits is missing from President Trump’s tax overhaul. Here’s why and what an alternative offering could mean for retirement taxes.

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 ...

An ad claims the GOP tax and spending bill will give Social Security recipients a tax cut. A proposed tax deduction for seniors overlaps with some Social Security beneficiaries, but not all.

The senior bonus deduction, Watson points out, applies to any source of taxable income that a taxpayer who is 65 or older has and may not necessarily eliminate all tax on Social Security benefits ...

Already in July, I've spotted social media posts by tax professionals who dread the day when they will have to say "welcome to reality" to clients. "'Yes, your Social Security is still 85% taxable.