Social Security, Tax

Lift taxes on Social Security benefits.
U.S. Rep. Thomas Massie, a Kentucky Republican, recently announced reintroduction of the Senior Citizens Tax Elimination Act ( H.R. 1040 ). This bill assists middle-class seniors by eliminating the federal income tax on Social Security benefits ( “Trump, Musk could ‘crater’ Social Security, former commissioner Martin O’Malley says,” Feb. 19).
Trump’s Plan to Kill Social Security Benefit Tax Could Accelerate Its Insolvency
Social security is already in danger. President Trump’s plan to get rid of income taxes on the benefit won’t save it. In fact, it’ll probably do the opposite.
What If Taxes on Social Security Benefits Were Eliminated?
Eliminating taxes on Social Security benefits would provide current beneficiaries with thousands more dollars but could cause younger generations to lose thousands in benefits.
Retirees in These 9 States May Lose Some of Their Social Security Benefits at Tax Time
Retirement account withdrawals and earnings from a job may not be the only taxable income you have, either. The federal government taxes seniors' Social Security benefits if their income exceeds certain thresholds. If you live in one of the following nine states, you could owe some state Social Security benefit taxes as well.
President Trump should combine extending tax cuts with fixing Social Security
President Trump has linked two budget items, and that may be a good idea. Trump wants to extend his 2017 Tax Cuts and Jobs Act and provide some other tax breaks, and we need to fix Social Security. The link between tax cuts and Social Security exists because one of Trump’s new tax-cutting proposals would exempt Social Security benefits from taxation under the federal income tax.
Trump Social Security Tax Plan vs. Bipartisan Approach: Experts Weigh In
Experts analyze President Trump's proposal to eliminate Social Security taxes and Brookings' bipartisan plan, noting impacts on beneficiaries and solvency.
41 states that don't tax Social Security benefits
If you're currently receiving or soon will be receiving Social Security retirement benefits, here's what to know about which states may tax you.
Will You Have to Pay Taxes on Your Social Security Benefits? Here's How to Know
A lot of people end up relying heavily on Social Security for income in retirement. And unfortunately, folks in that boat often get an unpleasant surprise when they learn that Social Security benefits can be subject to taxes.
Trump Social Security Tax Plan: Which Millennials Benefit Most
A new report found high-earning, older millennials would benefit from Trump's Social Security tax proposal—but not all groups would thrive.
Income tax filing: What Arizonans should know about Social Security benefits, credits
With the tax-filing season in progress, you probably have wondered how you compare with other Arizonans. Here are some numbers supplied by the IRS.
Taxing the Rich Won't Fix Social Security's Insolvency Issue -- But It Would Go a Long Way
Many Americans like the idea of eliminating the Social Security payroll tax cap to force the wealthy to pay more. This strategy could increase the program's funding by billions of dollars. Even in the best-case scenario,
Social Security increase 2026: Here’s the latest COLA prediction, and it’s looking like it could be even less than last year
The latest cost-of-living projection for 2026 shows that seniors could see less of an increase than last year, according to ...
The IRS Could Take a Cut of Your Social Security Benefits if Your Income Exceeds Certain Thresholds
You can also request that the IRS withhold money for taxes from your Social Security checks up front. This would save you the ...