The Social Security Fairness Act repealed the WEP and GPO, and are effective for all benefits after December 2023, so not ...

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

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 ...

The IRS Publication 915 (2024) offers now a comprehensive guide to help you determine if your benefits are taxable, how to ...

How do federal tax credits work? Tax credits directly subtract money from the federal income taxes that you owe, meaning each ...

Listen to a short summary Read by Dana G. Your browser does not support the audio element.Taxes are due on Tuesday, April 15, ...

In Rhode Island, residents avoid taxes on Social Security if they’ve reached the full retirement age and their income is below a certain amount ($104,200 for single filers as of 2024).

For example: Among the nine states that still tax Social Security benefits, West Virginia has an annual cost of living that is only $33,786, which is nearly half that of the most expensive state ...

Retirees who collect reduced Social Security benefits early often need to take some IRA money to meet spending goals. These retirees could be hit by what's known as the "tax torpedo." This occurs ...

The monthly amounts paid to these groups are dependent on how much Social Security tax they, or their deceased family member, have paid. Meanwhile, the SSA’s list of major benefits packages also ...

Trump's vow to carry out a mass deportation of people living in the US illegally could make matters more difficult because the Social Security fund is largely financed by payroll taxes from ...