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
Millions of older Americans receive a Social Security payment each month. And for many people, those payments constitute the bulk of their retirement income. If you're someone who lives mostly on Social Security,
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.
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
Importantly, Trump is not the only politician to float that idea, nor is support limited to one political party. For instance ...
When will Trump end taxes on tips, OT and Social Security? White House says GOP must put in reconciliation bill
Trump later rolled out plans to abolish federal taxes on overtime and Social Security benefits — along with a variety of other reforms, such as scrapping the $10,000 cap on the amount of state and ...
Goodbye to Social Security income taxes: this is the new proposed law that would affect millions of retirees and their IRS payments
Republicans are working on another round of tax cuts and Trump wants them to include his promised elimination of taxes on ...
President Donald Trump Wants to Change Social Security, but It Comes With a Potentially Big Cost to Retirees
While maintaining the health of Social Security should be a priority for elected officials, the reality is that the ...
AARP Offers Free Tax Help for Seniors — Here’s What To Know
Income taxes don't end just because you've reached your senior years. In some cases, federal tax returns for seniors are ...
Federal judge blocks Elon Musk’s DOGE access to critical Treasury payment system
A federal judge, citing a risk of “irreparable harm,” early Saturday temporarily restricted Elon Musk’s government efficiency ...
Your Social Security Number May Already Be Exposed. And It Has Nothing to Do With DOGE
Elon Musk's DOGE was previously granted access to the US Treasury Department's payment systems, drawing the ire of many ...
What is the Social Security Fairness Act? How does it affect my social security benefits?
For his last term in office former President Joe Biden sign a new social security measure to ehance benefits for millions of ...