Although Donald Trump didn't hold up his end of the bargain by eliminating the taxation of benefits, select retirees are ...

One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on ...

The nation’s key program for retiree benefits continues to see financing shortfalls. Unless Congress acts, those drops could ...

Social Security will not be able to fully pay monthly benefits to tens of millions of retirees and people with disabilities ...

Trump proposed doing away with taxes on Social Security benefits. Not only are taxes on Social Security income complicated, they can significantly reduce the value of each retiree's monthly checks.

House Republicans pass compromise senior tax relief bill offering $4,000 deduction instead of eliminating Social Security ...

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This deduction would likely benefit people who earn modest incomes. The lowest-earning seniors already pay no federal income ...

The bill passed by the House would raise the standard deduction by up to $4,000 for those 65 and over, starting in 2025 to ...

T he House of Representatives recently passed a significant tax bill. Still, it does not include the elimination of taxes on Social Security benefits, which was a key proposal fro ...

The bill passed the House on Thursday, May 22, with all Democrats and two Republicans voting against it after an-all night debate.

Despite campaign promises, the bill does not eliminate taxes on Social Security benefits. It does include a temporary enhanced deduction for seniors and other tax breaks. A tax plan backed by ...