As we approach April 15, let’s discuss the federal taxation of your Social Security benefits. The Social Security Administration estimates that 40% of recipients pay income tax on their benefits.

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

Navigating the complexities of Social Security Disability Insurance (SSDI) taxation can be challenging. Understanding when ...

Your benefits generally are not taxable if half of your benefits, plus all your other income, is less than $25,000 if you are single ($32,000 if you are married filing jointly). If half of your ...

It may come as a surprise, but Social Security benefits are not entirely tax-free. Depending on your income, up to 85% of your Social Security benefits can be subject to tax. That includes ...

The GOP Congress is looking at including employer-provided benefits like free transportation, food and gyms as taxable income ...

The taxable portion of these benefits, which factors into your overall income tax liability, is determined based on your total income and benefits received throughout the tax year. However ...