Scrapping the U.S. penny, as President Donald Trump has just vowed to do, would save the government enough money to pay for 0.02% of the cost of extending the 2017 tax cuts, 0.004% of the annual ...

Facing unemployment as you near retirement can be daunting, but understanding your options can provide a financial safety net ...

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

Holding a rally at SSA headquarters, Democratic lawmakers protested against any potential cuts to Social Security benefits.

Over the past six years the number of checks written has declined at a rate of 7.2% per year. At the peak in 1995, 49.5 ...

Meanwhile, Trump said he plans on announcing new tariffs at least twice this week, including against China, Mexico and Canada ...

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 ...

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

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 ...

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, ...