Social Security Taxes to Change Under New Bill

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.
Project proposes that Social Security taxes be eliminated, what should you know?
A recent legislative proposal aims to alleviate the tax burden on Social Security benefits, promising financial relief for millions of retirees. However, the potential impact on the Social Security trust fund and national deficit raises questions about the bill's long-term viability.
Social Security: The Stealth Way You May Be Getting Double Taxed
The problem is that depending on your income, you may also be paying taxes on your Social Security benefits as a retiree. And in a way, that's double taxation. You paid taxes on your wages to qualify for Social Security, and now you're paying taxes on the benefits you qualified for.
Cutting Social Security Tax Could Boost Your Payments, but It May Not Last
New tax policies and investment rules could shake up retirement planning. How to prepare now for potential changes.
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.
Here's what's changing for Wisconsin Social Security recipients in 2025
The Social Security changes largely only affect the highest and lowest earners, meaning most average earners in Wisconsin will not be impacted.
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,
A Big Social Security Change Proposed by President Donald Trump May Be Bad News for Retirees
President Trump while on the campaign trail proposed eliminating taxes on Social Security benefits. "Seniors should not pay ...
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 ...
How US immigrants working illegally help fund programs they can't access, like Social Security and Medicare
Immigrants are vital to US tax revenue amid a declining birth rate and rising number of retirees.