A recent legislative proposal aims to alleviate the tax burden on Social Security benefits, promising financial relief for ...

One of the most significant decisions anyone with a pension can make is taking a lump sum (annuity) versus receiving monthly ...

Trump's latest idea may be popular, but won't get us far Scrapping the U.S. penny, as President Trump has just vowed to do, would save the government enough money to pay for 0.02% of the cost of ...

House Speaker Mike Johnson faces a significant challenge in balancing President Trump’s ambitious tax cut proposals with ...

Income taxes don't end just because you've reached your senior years. In some cases, federal tax returns for seniors are ...

As of fiscal 2024, the U.S. pays 2.72 cents to make each penny, according to the Mint. The counterargument used to be that a ...

Five strategies to minimize your tax burden on Social Security income and keep more money in your pocket during retirement.

For most people, getting out of self-employment taxes will save a lot of money. LLCs do not allow that on their own. However, ...

According to the IRS, tax fraud and scams cost Americans a staggering $5.5 billion in 2023 alone. Whether you’re filing your taxes yourself, using tax software, or hiring a professional, ...

Voters are clear in how they want Congress to shore up the massively popular program’s deteriorating finances, but lawmakers ...

Importantly, Trump is not the only politician to float that idea, nor is support limited to one political party. For instance ...

For retirees who claim benefits at Full Retirement Age—currently set at 67—the maximum monthly payment is $4,018. If you choose to start benefits at the earliest eligible age of 62, the maximum amount ...