New tax cuts could have huge implications for Social Security
Social Security payments have been helping seniors supplement their retirement income since the Social Security Administration was created in 1935. With the decline of employer pension plans, workers have become increasingly responsible for building their own retirement savings nest eggs.
2025 Social Security COLA Increase: Will You Have to Pay Taxes This Year?
Social Security beneficiaries may face taxes if they have additional income sources or due to the COLA increase. Here's how to determine if you're affected.
How to prepare for Social Security benefit taxes if you'll owe them in 2025
The federal government taxes the Social Security benefits of some retirees if their provisional income exceeds thresholds for their marital status.
Paying Taxes on Social Security Benefits: 3 Pitfalls for Retirees to Avoid in 2025
You can avoid paying taxes on your retirement account withdrawals if you have enough deductions to offset the amount you take from your accounts. In 2025, the standard deduction for a couple age 65 or older is $33,200.
How Much Could Trump’s Social Security Pick Impact Your Benefits? What to Expect in 2025
President Donald Trump has tapped businessman Frank Bisignano as the Social Security Commissioner. What could that mean for you?
There are 9 states in America that will tax Social Security benefits in 2025 — do these 3 things ASAP if you live in one of them
On the state level, though, the rules are different. A total of 41 states don't tax benefits, but nine do. If you live in one of them, you may need to make some plans to avoid owing money to the government. Here are the nine states that tax Social Security benefits in 2025:
Social Security Recipients Need a Benefit Statement for Tax Season: Here's Where to Find It
Tax season is almost here. If you receive Social Security benefits, you'll need your benefit statement to find out if you need to file taxes this year.
Social Security Benefits To Change for Thousands Under New Proposals
Tens of millions of Americans receive Social Security benefits every month, with some 40 percent of them paying federal income taxes on their entitlements. Only nine states have a state-level levy on retirement incomes: Colorado, Connecticut, Minnesota, Montana, New Mexico, Rhode Island, Utah, Vermont, and West Virginia.
No taxes on Social Security checks? Here’s what Trump’s campaign promise could mean for American retirees in 2025 (and beyond)
President-elect Donald Trump has made a bold promise to eliminate federal taxes on Social Security benefits. For millions of retirees, it’s an enticing idea, conjuring visions of bigger monthly checks and greater financial freedom.
Social Security Retirees Just Got Bad News About the 2025 Cost-of-Living Adjustment (COLA)
Social Security beneficiaries have received annual cost-of-living adjustments (COLAs) tied to a subset of the Consumer Price Index known as the CPI-W, which tracks the price of goods and services across the economy.
Social Security's 2025 COLA Is Now a Reality. Here's How Much it Benefits the Average Senior
When you are on  Social Security, you can expect your retirement benefits to increase during most years. That’s because Cost of Living Adjustments (COLAs) typically happen automatically from year to year.
3 Social Security Changes Retirees Need to Know About in 2025
Social Security also goes through changes every year, and some of them can have a meaningful effect on your retirement income ...
The Salt Lake Tribune8d
Warning of a ‘silver tsunami,’ Gov. Cox looks to end Social Security income tax. Will Utah lawmakers buy it?
But first, the Legislature will need to agree to the governor’s wish. Eliminating income tax on Social Security benefits is a key pillar of the governor’s $30.6 billion fiscal 2026 budget ...