Social Security Taxes to Change Under New Bill

No Social Security tax in 2025? Here's exactly what the new bill proposes
President Donald Trump has been making a lot of executive orders which have concerned millions of Americans who are reliant on the state to help them get by, as well as other secto
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.
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.
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,
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.
Taking Social Security at 62 Was a Terrible Idea, but Things Have Changed
If you have passive income sources like dividends, interest, or rental income, which do not count against earnings restrictions, then deferring Social Security benefits raises monthly payments may be beneficial even if taking it at 62.
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 ...
These Are the 6 Social Security Changes Americans Want to See
Most Americans are in favor of making the wealthy pay more while reducing their benefits. The government could increase the ...
The Treasury's payment system is one of Elon Musk's targets. Here's what it does, from Social Security to tax refunds.
Elon Musk is facing scrutiny over accusations he gained access to sensitive Treasury data, including Social Security and ...
Elon Musk got access to America's payment systems: is your Social Security at risk?
A team led by Elon Musk recently gained access to America’s federal payment infrastructure — a system responsible for ...
Financial Advisor2d
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 ...
Has Congress stolen trillions from Social Security? The answer is clear as day
The answer is clear as day that Congress didn't steal from Social Security's trust funds. If you want to know what's really ...