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.
Is Your Social Security Income Subject to Taxes? Here's How To Find Out
Tax season is almost upon us, and it might be a good idea to get prepared ahead of time. If you receive Social Security benefits, you might not have to file taxes for 2025, but it depends on your situation.
41 States That Don't Tax Social Security Benefits
The good news is that in most cases, Social Security is not taxable at the state level. 41 states do not tax Social Security income whatsoever. Not only that, but most of the states that do tax Social Security use far looser rules than the federal government.
New Social Security benefit increases for nearly 3 million Americans may trigger higher tax bill, Medicare premium costs
Nearly 3 million Americans are poised to see bigger Social Security benefit checks. For some, that could trigger larger tax bills and Medicare premium payments.
Ask the Hammer: Is Social Security Income Tax-Free?
In a recent episode of "Ask the Hammer," financial expert Jeffrey Levine from Buckingham addressed a common concern among Social Security recipients: the potential need for tax withholding on their benefits. The question came from a reader whose sole income source is Social Security, amounting to between $26,000 and $27,000 annually.
Gov. Spencer Cox wants state taxes on Social Security eliminated this session
Eliminating Utah state income taxes on Social Security benefits is already a cornerstone of Gov. Spencer Cox's proposed budget. What will the 2025 Legislature do?
Some Social Security Beneficiaries Could Get Hit With Higher Tax Bills
The Social Security Fairness Act boosted payments for millions of Americans, but with the higher checks could come tax burdens.
Who gets increased Social Security benefits? What to know after President Biden signs bill
Biden signs Social Security bill, giving Spanberger a boost
President Joe Biden signs Social Security Fairness Act, co-sponsored by former Rep. Abigail Spanberger, D-7th, who is likely to tout the bipartisan legislation in her campaign for governor this year.
Millions of public workers are set to get higher Social Security benefits. Here's why
Public service workers, including some teachers, firefighters and police officers, may soon see their Social Security payments increase by hundreds of dollars monthly.
Retirees in These 9 States Risk Losing Some of Their Social Security Checks
Fortunately, state Social Security benefit taxation is becoming less common over time. Only the following nine states still ...
9 States That Will Tax Social Security Benefits in 2025
GOBankingRates reported on the 41 states in America that won’t tax Social Security benefits in 2025. Missouri and Kansas ...
The biggest Social Security changes taking effect in 2025
As we step into 2025, you may be setting financial goals. While you're at it, you should also keep tabs on the Social ...
Planning Your Retirement? New Changes To Social Security In 2025 Could Affect You
The full retirement age (FRA), the age at which retirees can claim their Social Security benefits, has been gradually ...
Find out the 9 states that will tax Social Security benefits in 2025
Check out the situation with the taxation of social security benefits in 2025 for where you live, or maybe where you’re ...
Second round of January Social Security payments goes out in six days
Here is all you need to know about this month’s Social Security payments, which go out in three rounds. When does the check ...