Social Security Taxes to Change Under New Bill

Are your Social Security benefits taxable? IRS explains
The IRS Publication 915 (2024) offers now a comprehensive guide to help you determine if your benefits are taxable, how to report them, and what deductions might apply.
Social Security Taxes to Change Under New Bill: Here's Who's Impacted
According to the Social Security Administration (SSA), the estimated average monthly Social Security retirement benefit for January 2025 is $1,976. For many retirees, these Social Security payments are a primary source of income.
Trump will cut all Social Security taxes, what do we know?
During his campaign, Donald Trump pledged to eliminate taxes on Social Security, aiming to provide significant tax relief for all Americans.
Social Security: The Stealth Way You May Be Getting Double Taxed
The problem is that depending on your income, you may also be paying taxes on your Social Security benefits as a retiree. And in a way, that's double taxation. You paid taxes on your wages to qualify for Social Security, and now you're paying taxes on the benefits you qualified for.
Social Security Bill Could See End to 'Double Tax' on Recipients
A bill brought to the House of Representatives by Republican lawmakers would amend the tax code to remove taxes on Social Security benefits.
Cutting Social Security Tax Could Boost Your Payments, but It May Not Last
New tax policies and investment rules could shake up retirement planning. How to prepare now for potential changes.
Here's what's changing for Wisconsin Social Security recipients in 2025
The Social Security changes largely only affect the highest and lowest earners, meaning most average earners in Wisconsin will not be impacted.
Sen. Marshall introduces bill to cut Social Security taxation
Kansas Sen. Roger Marshall has introduced a bill that would cut taxes for many individuals who rely on Social Security benefits. Marshall, alongside Marsha Blackburn (R-TN), introduced the Reducing Excessive Taxation and Inefficiencies by Reforming Elder Exemptions to Support Fairness,
A Big Social Security Change Proposed by President Donald Trump May Be Bad News for Retirees
Importantly, Trump is not the only politician to float that idea, nor is support limited to one political party. For instance ...
Social Security funding crisis looms as baby boomers retire
Social Security gets the bulk of its funding from payroll taxes. And while that revenue stream is set to continue, in the ...
2 more Social Security changes are planned for 2025. Here's what Arizonans must know
Changes are coming to Social Security in 2025 that may cause issues for top and low end earners. Here's what Arizona ...
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Social Security Fairness Act Recalibrates Plans
The Government Pension Offset was more draconian. It cut spousal and survivor Social Security benefits by two-thirds of the non-covered pension, often to zero. Many married, divorced and widowed ...