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 2028.

Many retirees are surprised to learn that their Social Security benefits can be subject to federal income tax. The IRS determines the taxable portion based on what it calls your “combined income.” Understanding this formula can make a meaningful difference in how much income you keep during your post-career years.

The One Big Beautiful Bill, backed by President Donald Trump, proposes significant changes to the U.S. tax code, impacting Social Security beneficiaries.

The Social Security retirement program in America is changing regarding the retirement age in 2025, impacting millions of people who are retired or plan to retire soon. The change is part of a long-term plan designed to protect the Social Security Trust Fund,

The House bill’s proposed $4,000 senior deduction falls short of eliminating taxes on Social Security benefits altogether.

Amidst growing concerns about the solvency of Social Security, a new bill, H.R. 904, proposes to eliminate federal taxes on Social Security benefits. This move, supported by President Trump, aims to increase the net income of beneficiaries,

Clear Start Tax Explains How the IRS Can Legally Withhold a Portion of Your Social Security and What Retirees Can Do About It IRVINE, CA / ACCESS Newswire / May 30, 2025 / Many retirees believe that once they stop working,

Trump's spending bill includes around $4.9 trillion in tax breaks and increases funding for defense and border security, some of which would be paid for by Social Security cuts. It would also raise the debt ceiling, the limit on how much the federal government can borrow, to $4 trillion.

Key Points Taking a strategic approach can help minimize taxes on Social Security benefits. If you have a side hustle or run a small business, deferring income is an easy way to keep your tax burden low.

You may already know that the government bases your Social Security benefit on the income you've paid Social Security taxes on throughout your career. Generally speaking, the more you earn during your working years,