President-elect Donald Trump has proposed eliminating taxes on Social Security benefits for seniors. Currently, up to 85% of benefits are taxed for many recipients, depending on their combined income.
The repeal of two provisions will boost Social Security payments for certain beneficiaries, and will include back payments.
With the January 31, 2025, tax filing deadline on the horizon, TaxBandits, an IRS-authorized e-file service provider, underscores its steadfast commitment to safeguarding tax professionals and their ...
Social Security recipients can't file their taxes without this form. Here's how to get a copy of yours. See the full list of ...
Elizabeth Warren's recommendations for Elon Musk's DOGE include cutting Department of Defense spending and cracking down on Medicare fraud.
President Trump wants a massive tax cut and immigration crackdown bill. Now Republicans must decide what to cut to help pay ...
Maryland does not tax Social Security benefits, representing a major benefit for seniors in the state. For those who itemize ...
During and after the pandemic, the ERC and other tax credits were big business for tax professionals. But the IRS denied bogus claims, and some cases are criminal.
According to reports, local Panchayat secretary informs 15 beneficiaries that that their pension amount for December was used to clear their property tax dues ...
Unless Congress acts with significant recapitalization, the Social Security Administration estimates fund depletion by 2034. Early retirement moves to 64 and full benefits delayed to 73 or beyond, ...
Trump has pledged to end taxes on Social Security income, which could change payments for millions of Americans.