A Republican tax proposal could give people age 65 and older an additional deduction of $4,000 in a “senior bonus” that would ...

Related: How the IRS taxes Social Security income in retirement. The new tax break is welcome news for the over 66 million ...

A new bill would tax income over $400K to help fix Social Security’s funding gap and avoid 17% benefit cuts by 2035.

The Social Security and Medicare Fair Share Act proposes targeting payroll tax loopholes for high-income earners.

The Social Security Fairness Act is intended to provide more benefits for certain workers, but it could cost them through ...

T he Trump administration has reaffirmed its commitment to eliminating taxes on Social Security benefits, a move that could ...

Social Security payouts adjust each year to reflect changes in average wages and inflation, and 2025 is no exception. Workers paying into the system will see the maximum taxable earnings rise from ...

And when that happens, the Social Security Administration will recalculate your benefit and start paying you a bigger check. The impact can be significant for anyone, even high earners.

Experts say: Don’t bank your whole plan on potential tax savings. “Planning for a potentially higher Social Security benefit due to lower taxes has far more downside than upside,” says TJ Binkowski, ...

to offset the cost of eliminating taxes on overtime pay, tipped wages, and retirees’ Social Security. The sources stressed the discussions were only preliminary, and the plan is one of many ...

The bill would fund this tax break by changing payroll taxes. Right now, income above $168,600 isn’t taxed for Social Security. Riley’s plan would require high earners to keep paying into the system ...