News

Starting in 2025, the first $12,500 of overtime pay for single individuals (or $25,000 for married couples) will not be subject to Social Security and Medicare taxes.
Social Security, on average, covers 30% of retiree spending in the 100 largest metro areas across the U.S., according to a new study.
This list of states that tax Social Security benefits has been shrinking. As of 2016, for example, 13 states taxed Social Security.
The bill may have tax sweeteners, but it will also limit healthcare affordability and access to long-term care.
As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction ...
A man in Ohio received contradicting letters from the Social Security Administration, one saying he is getting a lump sum ...
The change marks a major improvement in customer service, allowing beneficiaries and applicants to manage their Social ...
The bill includes several tax-related initiatives, one of which is the elimination of tax on tips. Here's what to know.
A recent report finds that Social Security covers only about 30% of retirees’ expenses on average in the largest U.S. cities.
The maximum possible Social Security benefit for someone who starts collecting benefits in 2025 is $5,108 per month. This is $61,296 in inflation-protected retirement income annually.
NORTH CAROLINA, USA — President Donald Trump’s recently signed “Big Beautiful Bill” includes significant tax changes aimed at benefiting seniors, particularly those receiving Social Security. A recent ...
A new tax break aimed at seniors may lighten the load on retirees’ Social Security income, but it’s not as sweeping or ...